Civil servants' pensions: no "hidden deficit" but a budgetary sleight of hand
ANALYSIS - The Court of Auditors concluded that the pension system was not in deficit in 2023. However, it contributes to the worsening of the public debt.
Cover this deficit that I cannot see. During his general policy statement on January 14, François Bayrou stated that there was a shortfall of 55 billion euros between the amount of private and public sector employee contributions and the amount of retirement pension payments , of which 40 to 45 billion would be paid directly by the State. Each year, the payment of pensions would therefore increase the public deficit. "Of the more than 1,000 billion in additional debt accumulated by our country over the last ten years, pensions represent 50%," the Prime Minister hammered home to MPs, wishing to confide " this obvious fact " to the French. Hence the idea, which regularly resurfaces, that the accounts of the retirement systems would contain a sort of " hidden deficit ". This would be found in particular in the special regime for civil servants and the military, which owes the balance of its accounts only to a substantial contribution from the State.
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