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The elected representatives of the National Assembly will meet on Thursday to review a draft of special measures in favor of local pension funds. The challenge is twofold: finding ways to save money and meeting the state’s reform demands for economic assistance out of the crisis.
This is a draft of exceptional measures that will be examined by the elected representatives of the New Caledonian Parliament at 9 a.m. on Thursday. It is the second act of the reform of local pension funds, following the vote of the first set of reforms last September.
It has been able to vote on emergency measures in favor of the Fund, for which the State has provided 2.1 billion francs in financial aid.
Because this issue was also discussed at a public meeting on Thursday. From the first aid payment after the May riots, the Paris government recalled that national unity can only work in this model. “One-to-one”That is, for every national franc, New Caledonia must find an equivalent in revenue. The President of the Republic also recalled this principle during the visit of four parliamentarians.
In conclusion, the State will support New Caledonia only if it reforms and recalls the historical debt of the community and its satellite companies. The debt dates back to May 13, 2024 and before the unrest began.
This time, the Treasury was even more demanding. There was no longer the question of “being fooled” as with the Roome reform. In Bessie’s view, this reform should have already been voted on and implemented. Instead, the text was still awaiting its second reading, and the expected savings were also waiting.
The debates and votes on the CLR measure will therefore be carefully analysed. They will allow Paris to see the sincerity of the commitments made by New Caledonian politicians.
It is against this background, therefore, that the elected representatives of the National Assembly are considering the second bill on the CLR reform. Its purpose is to revise the forecast table of employee contribution rates. It will be increased to 1% once and for all from August 1. It is also planned to increase the pension exemption for retired civil servants. Until December 31, 2025, the temporary tax rate will be increased from 6% to 9%.
Finally, the reform will allow for special pension payments proportional to the cash available on the last working day of each month.
For the government, the changes are crucial for the survival of local pension funds in the coming months. The reforms will save 1.136 billion Swiss francs in one year.
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