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The pension system in France

The pension system in France. History. The first pension systems : 1673 the sailors 1831 the soldiers 1894 the miners 1909 the railway workers 1928 farmers’ pension law …. 1945: setting-up of a “general scheme” based on the values of solidarity and mutual aid.

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The pension system in France

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  1. The pension system in France

  2. History • The first pension systems: • 1673 the sailors • 1831 the soldiers • 1894 the miners • 1909 the railway workers • 1928 farmers’ pension law • ….

  3. 1945: setting-up of a “general scheme” based on the values of solidarity and mutual aid • This was not really a unified system because there was strong hostility particularly among the liberal professions and farmers • Maintenance of the old special schemes (miners, railway workers, etc.)

  4. 1945: one Social Security block • 3 mechanisms: • Health insurance • State pension • Family

  5. State pension based on the contributory principle • The contributory choice was made during this post-war period in which the values of solidarity among generations, individuals and occupations were particularly strong • Furthermore, funds managed by capitalisation (funded pension plans) before the war went bankrupt

  6. Joint management • The CNAV: joint management by between employers and employees • Compulsory supplementary systems: AGIRC for managers, ARRCO for employees and workers • Full pension = Basic pension + ARRCO or AGIRC

  7. In the 90s, reforms which led to a reduction in retirement pension amounts • Question of the age pyramid and unemployment level • Liberal policies merely sort out the problem on an ad hoc basis but do not propose solutions • Supplementary schemes met the same fate….

  8. An example of the consequences for an employee born in 1948 • This employee claiming his pension in January 2008, with a complete record to the maximum social security limit, has drawn an annual pension of 14 087 € (i.e. 43.8% of the social security ceiling) • Pre-reform, he would have drawn 16 092 € (i.e. 50% of the social security ceiling) Source CNAV – October 2007

  9. In the 2000s, new reforms… • Which lengthen the contributions period • Which lower the level of pensions • Which index-link pensions to prices • Which, in the civil service, create a compulsory additional scheme according to points on premiums

  10. In conclusion, UNSA proposals …

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