French Private Sector Pensions to Rise by 1.6% in November

The Agirc-Arrco board finalizes a pension increase, balancing inflation concerns and financial stability.

The Agirc-Arrco retirement scheme will increase pensions for 14 million private sector retirees by 1.6%, effective November 1.
This increase, although below the projected 1.8% inflation rate, reflects a compromise between unions and employer representatives.
The decision marks a continuation of annual pension adjustments, following higher increases of 4.9% in 2023 and 5.2% in 2022.
The revaluation will cost the Agirc-Arrco 1.6 billion euros annually, with the scheme maintaining reserves of approximately 80 billion euros.
Despite government-imposed freezes on basic pensions, the Agirc-Arrco's sound financial health allowed for this increase to support retirees.