The value of the point. This is one of the knots of tension in the pension reform, and a question that Emmanuel Macron certainly can not escape when traveling to Rodez on Thursday. With the reform desired by the president, will the state be able to play on the value of this famous point to adapt to the economic context?
If the Delevoye report is committed to the value of the point does not decline, this does not prevent the CGT to worry. Because the state will have the hand on steering the financial balance of pensions, and in case of economic crisis, it can, says the union, impose a cure of rigor by lowering the value of the point. If, technically, the state could lower the point value to 0.54 euro of pension per year or 0.53 in case of serious economic crisis - against the 0.55 euro envisaged in the reform - it would be a politically explosive.
Other tracks exist
Moreover, it is enough to take a look at the points system of Agirc-Arrco supplementary pensions, to realize that the value of the point has never changed, even in the worst years. On the other hand, there is another leverage, to change pensions less quickly than inflation. A track that the report submitted by Jean-Paul Delevoye does not exclude, if the context requires it. But a third track is present in the report on pension reform: make more expensive the acquisition of the point when working.