Purchasing power: the revaluation of pensions postponed to September

They hoped to collect it in August. Retirees will finally wait until early September to benefit from the early revaluation of their basic pension. During the presidential campaign, Emmanuel Macron pledged to upgrade pensions from July without waiting for the automatic revaluation scheduled for January, in order to fight against inflation.

By the time a law was passed, the government then explained that this gesture would only be effective from August, when the monthly pension was paid, but with retroactive effect on the previous month. As had been dreaded , however, this period was not sufficient. On August 3, parliamentarians approved a 4% increase in pensions and social benefits as part of the emergency measures for purchasing power.

Payment on September 9

“However, the timetable for the parliamentary examination of this law did not allow the pension insurance to deploy this revaluation on the payment of the July pension paid in August”, indicated last Monday the National Fund of old-age insurance (CNAV).

It will therefore apply “from the payment of the pension for the month of August, paid on September 9”. “The amount corresponding to the revaluation on the retirement of the month of July will be paid retroactively with the payment of September 9”, specifies the CNAV.

This gesture for the purchasing power only concerns the pension of right, the survivor’s pension, the solidarity allowance for the elderly (Aspa) and the supplementary disability allowance (ASI). It is added to the increase of 1.1% occurred in January 2022 and Emmanuel Macron has not ruled out a further increase in January 2023.

Social benefits and APL on August 18

Other increases set by the emergency law on purchasing power adopted last Wednesday: that of social benefits (family allowances, active solidarity income, allowance for disabled adults) up to 4%, and that of personalized housing aid (APL), 3.5%. These increases are retroactive to the date of 1^er July 2022 and their amount will be paid automatically from August 18, CAF said.

Regarding the increase in the index point for civil servants of 3.5% adopted as part of the amending finance bill (PLFR), second part of the “purchasing power package” voted on August 4, it should result in an increase in the payroll for the month of August, with retroactive effect from 1^er July 2022.

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