Agirc-Arrco revaluation November 2025: what you need to know

An intergenerational imbalance in plan financing

The failure of negotiations to raise pensions under the supplementary scheme has a direct impact on the 14 million pensioners whose pensions will remain frozen despite rising inflation.

However, this situation could, on the other hand, prove advantageous for active employees.

In fact, this situation can be considered advantageous for active employees, as the freeze on pensions temporarily reduces the Agirc-Arrco scheme's expenditure. In other words, by not increasing retirees' pensions despite inflation, the scheme saves money. These unused resources can then be redirected towards other objectives, such as :

• strengthening the future rights of contributors, i.e. improving the return on contributions paid today by working people;
• stabilization of contribution rates, to avoid an increase in payroll taxes in an already strained economic climate.

This mechanism highlights a trade-off between generations: pensioners see their purchasing power eroded, while working people benefit indirectly from more favorable management of the scheme's cash flow.

How is the Agirc-Arrco revaluation calculated?

The Agirc-Arrco scheme operates on a points system: while working, employees accumulate points based on their contributions. On retirement, the number of points acquired is multiplied by the service value of the point to determine the supplementary retirement pension.

This service value is adjusted annually, hence the importance of the rate.

Rule set by national agreement

A national interprofessional agreement (ANI) of October 2023 for the period 2024-2026 sets the following rule:

• The increase is indexed toinflation (excluding tobacco) estimated by INSEE for the current year (2025).
• A discount of -0.4 points is applied to take into account the sustainability factor of the plan.
• Agirc-Arrco's Board of Directors has a margin for maneuver of ±0.4 points in relation to this base.

Practical advice for companies in this context

• Anticipate the imbalance in the pension system : set up alternative funded pension systems to secure employees' financial future.
• Optimizing in-house schemes: a brokerage consultant can identify levers for reducing costs or improving benefits (performance, underlying costs, services).
• Check compliance: ensure that systems are compliant to guarantee social and tax benefits and avoid sanctions.
• Train HR teams: prepare explanations to employees and integrate retirement into the employee support plan.
• Plan internal communications: newsletters, meetings, clear and precise information documents on systems and current events.

Conclusion

Retirement remains a sensitive subject for both employers and employees.

For companies, it's an opportunity to :

• Verify compliance and optimize supplementary pension plans (mandatory PER, group PER, etc.).
• Integrate these topics into employees' financial planning.
• Strengthen internal communication around existing programs to support and retain employees.

Companies can call on a broker to analyze their situation and implement strategies to secure their obligations and/or optimize the management of their funded pension schemes.