[ad_1]
The Pension Reserve Fund (FRR) will have at least 15 billion euros in 2025, when the reform desired by Emmanuel Macron will produce its first effects, but this kitty "quickly" needs a "strategy" clear, "says the Pension Orientation Council in a document consulted by AFP.
" It is essential to quickly badign the FRR a clear strategy "from 2025, to allow it to grow as well as possible the sums accumulated, writes the general secretariat of the NRC in a note which will be formally presented to the Council on July 11.
The text pleads for "the elaboration of a doctrine of use" of the reserves, in particular to " avoid any unanticipated disbursement "and thus preserve this manna
Created in 1999 to amortize the cost of the" grandpa boom ", the FRR has been used since 2011 to repay part of the" hole of the Secu ", until extinction of the social debt programmed in 2024.
This change of objective was coupled with an end to the transfer of revenue from the state. Since 2011, the Fund has only received interest on its financial investments.
Its reserves, which amounted to 36.4 billion euros at the end of 2017, will therefore be reduced "to around 15 billion in early 2025". according to the NRC, which is studying "three possible scenarios" to reduce the deficit of the pension system beyond this date: all spend "over a very short period", gradually deplete the fund until 2070, or use only
In all cases, the FRR "appears to be rather under-sized in the face of the deficits still to be covered," adds the COR, which provides that the pension system will return to financial equilibrium at best. 2036.
However, there are other financial reserves, constituted by supplementary pension schemes (private employees, civil servants, self-employed persons and the liberal professions), the cumulative amount of which in 2016 amounted to 118 billion. euros
Emmanuel Macron wants the pension reform instituting a universal system to be voted in 2019 for a gradual implementation over a period of ten years.
[ad_2]
Source link
