Following the measures taken in the wake of the Yellow Vest crisis, the old age insurance and social security accounts are in the red.
This is bad news that was not anticipated, the accounts of the old-age insurance and those of the Sécu dive into the red.
And that complicates pension reform. The draft Social Security budget, which will be presented during the day, will show, according to our information, a very clear deterioration of the accounts. The deficit of the old-age insurance will exceed the four billion euros this year and the next year. It is to a large extent the measures "Yellow Vests" which lead the accounts: the overtime exempted from social charges, the cancellation of the increase of the CSG retirees and the reindexation of pensions of less than 2,000 euros on inflation . All this is very expensive, it was not planned, and finally it seriously complicates the equation for pension reform that is preparing.
A reform that is not supposed to be "financial".
From the beginning, the government has defended itself. "This is not a reform to restore the accounts, he says, it is a reform that aims to restore justice in the system." And unions on their side minimize the drift of accounts. This was true before the measures "Yellow Vests", the accounts of the branch retirement of the Secu tended to balance. But this is not the case today. Which means that we have to put back on the carpet the angry question. Without increasing the working life of employees substantially beyond age 62, the accounts of the pension insurance will remain in the red. Reforming the pension system to switch to a universal scheme was not easy. Doing it while taking steps to eliminate the deficit is even less so. It will take a lot of pedagogy.