The revenue generated by the reform, which provides for a gradual shift in the legal retirement age until it reaches 64 in 2030, will more than offset the "13.5 billion euros" deficit that the pension system would have known in 2030 in the absence of reform.
According to his calculations, the executive will therefore have a kitty of 4.2 billion euros to finance accompanying measures.
Some 3.1 billion euros will be used to finance early retirement for incapacity or disability, detailed Bruno Le Maire.
Measures to better take into account the arduousness and long careers, coupled with the revaluation of small pensions for new retirees, will cost for their part 1.7 billion euros.
"The total of these additional measures represents 4.8 billion euros," said Bruno Le Maire.
The missing 600 million will therefore be financed "by a transfer of contributions from the work accident branch" of Social Security "which is in surplus, to the pension branch, which is in deficit".
By 2030, "this will guarantee the financial balance of our pay-as-you-go pension system", concluded Bruno Le Maire.
"No deficit is negligible. Every euro counts for a State which has [nearly] 3,000 billion euros in debt", hammered the number two of the government.
© 2023 AFP