Overview
- Bercy is studying the possibility of excluding monthly pensions above about €3,000 from automatic inflation revalorization as a budget option for 2027, a proposal that surfaced in coverage on Wednesday.
- A full 2% across‑the‑board revalorization next year is estimated to cost roughly €6 billion, and officials argue targeting the highest pensions would reduce that bill.
- Ministers have publicly discussed the idea with Sébastien Lecornu reported to favour targeting wealthier retirees and Serge Papin and Roland Lescure earlier describing freezes or desindexation as options.
- Economists warn the measure would cut purchasing power for those affected and could lower household consumption, and field reporting shows some retirees oppose the loss while others say they might accept it if savings are clearly used for public priorities.
- The option remains an hypothesis for now and could be formalized or discarded when the government presents its 2027 finance bill at the end of September, echoing similar proposals considered and dropped for the 2025 and 2026 budgets.