Even if the ARGIRC-ARRCO shows reassuring, the organization retirement has officially asked for a loan of 8 billion euros to be able to pay the pensions of June and July.
The part-time unemployment expanded has allowed many companies to cope with the new situation, as we are going through. 12 million employees in the private , have benefited from it and some will continue after may 11. But the funding for the part-time unemployment benefit by the State has another consequence : the abolition of the retirement contributions on the amounts paid. And without payment of a levy, so there is a collapse of resources for the Supplementary Pension Scheme for employees in the private sector, AGIRC – ARRCO.
Other measures have been taken by the government in favour of businesses, including the deferral of social contributions.
A loan of € 8 billion to pay the pensions of June and July
The AGIRC-ARRCO has pointed out that after the payment of pensions in May, its cash reserves would be exhausted. The agency has therefore requested the State to obtain a loan of 8 billion euros to be able to pay the pensions of June and July.
Trade unions and employers agree to underline the exceptional situation. The organization of retirement has financial reserves substantial, but these are not accessible immediately, without incurring a significant loss (In other words, to unlock investment at this time is not advised).