Pension increases are regulated under article R. 426-16 of the French Code of Civil Aviation.
CRPN pensions are uprated on January 1st of each year
How increases are calculated
On January 1st of year N, CRPN pensions are uprated by the percentage variation in the Insee (National Institute of Statistics and Economic Studies) Consumer Price Index (CPI) excluding tobacco for all of France, between November of year N-1 and November of year N-2.
The Board of Directors has decided to state the pension increase rate out to 4 decimal places:
On January 1st,2021: % variation CPI Nov. 2020/ CPI Nov. 2019 = 103.86/103.92 = 0.0577%
In practical terms
When they are claimed, pensions are calculated using the Corrected Wage Variation Index (“IVSC”) and subsequently uprated using another index, the Pension Variation Index (“IVP”).
The Pension Variation Index (IVP) is weighted each year using the pension increase rate, which appears above.
In light of the fact that the CPI that would be taken into account from January 1st, 2021, has gone down, our oversight authority has agreed to keep the Corrected Wage Variation Index (“IVSC”) and the Pension Variation Index (“IVP”) at their 2020 levels.
- Corrected Wage Variation Index (“IVSC”) for 2021 = 33.9056
- Pension Variation Index (“IVP”) for 2021 = 40.0649