Pensions: why the level of pensions continues to erode

Retirees see their purchasing power crumble while the average pension stood at 1,393 euros net monthly in 2019, down 1.1% over one year.

Some 720,000 people retired in 2019, down 3.9% from the previous year. This brings the number of retirees with direct rights in France at the end of 2019 to 16.7 million, including 52% of women, according to a study by Drees, the statistical service of the Ministry of Health and Solidarity. Among the retirees of a basic scheme, 83%, or 13.8 million retirees, receive a pension from the National Old Age Insurance Fund (CNAV) and 11.8 million also receive an Agirc-Arrco supplementary pension.

At the end of 2019, 4.4 million people were also benefiting from a survivor’s pension, paid in the event of the death of a spouse. For 1.1 million of these beneficiaries, this pension constitutes their only retirement. Women, more often widows, represent 88% of the beneficiaries. The general scheme thus pays 2.8 million survivors’ pensions and Agirc-Arrco 3 million.

Women’s pension is 40% lower than men’s

For twenty years, retirees have on average a higher standard of living

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