Complementary pensions for former private sector employees will not be revalued on November 1 due to a lack of agreement between unions and employers. Agirc-Arrco announced this decision on Friday, October 17, after tense negotiations influenced by the suspension of pension reform. This lack of increase deprives retirees of an expected raise amid inflation and economic uncertainties.
Each year, union and employer representatives meet to set the evolution rate for Agirc-Arrco complementary pensions, considering projected inflation, economic conditions, and regime reserves. Without agreement, no revaluation is applied, per established rules.
On Friday, October 17, after a session described as tense by several sources, Agirc-Arrco issued a statement confirming the lack of deal. « On October 17, due to a lack of agreement between the representatives of employer and union organizations that compose it, Agirc-Arrco complementary pensions will not be revalued on November 1. The purchase value of the Agirc-Arrco point will not be modified on January 1, 2026 », the text states.
The calculation aims to ensure financial balance over the next fifteen years, with a golden rule requiring at least six months of pension payments in reserves. These currently exceed 85 billion euros. Under a 2023 parity agreement for 2024-2026, revaluation is under-indexed by 0.4 points from inflation but can reach full inflation based on regime health.
With inflation estimated at 1% for 2025 by Insee, the possible rate ranged from 0.2% to 1%. Unions, citing the regime's good health and the upcoming shock from freezing base pensions in 2026, hoped to approach 1%. However, the government's promise to suspend pension reform until the presidential election complicated discussions, irking employers. The latter proposed the minimum 0.2%, deemed « unacceptable » by unions, leading to deadlock.