The French pension system presents a « risque » deficits “meaningful” in the future, believes the Pension Monitoring Committee (CSR) in an opinion published this Thursday, September 22, calling for “find an answer” without however taking sides for an age measurement.
A week after the gloomy projections of the Pensions Orientation Council – which predicts a rapid and lasting return to deficits – the CSR experts, responsible for giving an opinion to the government, take note of a “risk of significant residual imbalances in the short and medium term” et “recommends finding an answer (to these) problems”.
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But he is careful not to put forward a solution, considering that he “belongs not to select a single way” to solve the equation and that the decision “is a matter of consultation between the various stakeholders and, ultimately, of politics”.
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The opinion therefore lists several scenarios, “it being understood that none can be painless for the entire population”. An increase in social contributions or “other types of samples” is thus not ruled out: “This debate is to be opened”even judges the CSR, taking into account ” pressure “ growing “in favor of increased redistributivity”.
Increase in the legal age or the contribution period
Similarly, the under-revaluation of pensions “remains an adjustment option”provided it is “combined with protective measures for low pensions”. But this option “poses the problem of having been mobilized a lot” for ten years.
As for a possible increase in the legal age or the contribution period, it would be necessary ” to assume “ that “could lead to a further decline in the average length of retirement”underlines the CSR.
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This track could however be justified in the “presenting as the price to pay” so as not to increase contributions or “reduce the standard of living” retirees, or as a means of “redeployment of budgetary resources” towards “other economic and social needs”.
Arguments already put forward by the executive, which plans to include a reform of this type in the next Social Security budget, to keep the promise of Emmanuel Macron, who wants it to come into force in the summer of 2023 .