Pensions, real estate, unemployment and gas: what changes and ultimately does not change, November 1

Gas prices, amounts of supplementary private pensions and agricultural pensions, winter break, diagnosis of the energy performance of housing, etc. : update on the main changes for the month of November in terms of personal finances.

  • Gas: a break in the rise in prices

For the first time since April, and only for the second time in seventeen months, no increase in regulated gas prices is expected in November. This stability was announced by Prime Minister Jean Castex on September 30, until spring 2022.

1is October, the monthly increase had reached 13.9% excluding tax, on average. In total since the start of 2021, these prices have increased by an average of 49% due to the “Historic rise in gas prices on the world market”, explained the Energy Regulatory Commission.

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  • Agirc-Arrco pension: an increase of 1%

This 1is November, supplementary pensions for private sector employees, paid by Agirc-Arrco to some 13 million retirees, will increase by 1%. So have decided the trade unions and employers who jointly manage this scheme. In 2020, a freeze was enacted.

Why did the social partners agree on an increase below inflation – INSEE forecasting a 1.5% increase in the consumer price index excluding tobacco for 2021? Because of the health crisis and its economic consequences, which weighed on the regime’s accounts.

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The latter has indeed accused a overall deficit of 4.1 billion euros in 2020. Agirc-Arrco indicates that even if it does not fully compensate for inflation, the revaluation will cost 850 million euros per year (the scheme paid around 83 billion euros in pensions in 2020).

  • Small agricultural pensions at 85% of the minimum wage

That farmers having all their quarters (all schemes combined, therefore with the “full rate”) cannot receive a pension lower than 85% of the minimum wage, under certain conditions: this was the objective of the law of July 2020 on the revaluation of agricultural pensions. The measure comes into force on 1is November ; the rate has so far been 75%.

In practice, to reach this 85%, the Mutualité sociale agricole (MSA) grants the persons concerned free supplementary retirement points (a “differential point supplement”) if the total pension (basic + supplementary) paid by the scheme is old-age insurance for non-agricultural workers does not reach, without a boost, 85% of the net agricultural minimum wage. Is taken into account the minimum wage of 1is January of the year of payment, so until the end of 2021 the October reset does not count.

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Pensions, real estate, unemployment and gas: what changes and ultimately does not change, November 1