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Pension amounts, David Lisnard

Minimum pension: Unconditional base pension from 65, minimum old-age income at €1,000/month

Direction of change: change of another kind, or uncertain direction, compared with current law.

The lever. Minimum pension guaranteed to a person with a full career, often expressed in euros or as a share of the SMIC (minimum wage). Direction rule: ↑ higher minimum.

« conserver un socle de pension minimale par répartition pour tous les retraités, attribué à tous sans condition dès l’âge de 65 ans, complété par un minimum-vieillesse à hauteur de 1000 euros par mois. »1

Translation by the editorskeep a minimum pay-as-you-go pension base for all retirees, granted to all unconditionally from the age of 65, supplemented by a minimum old-age income of 1,000 euros a month.

Encoding

No cost-schedule parameter for this position: see the costing for the reason.

Costing

Announced by the candidate

not announced

The programme does not cost this measure.

Published costings

none

No external costing of this position recorded to date.

Our calculation

not costed

Base pension paid to all from age 65 with no amount, replacing the career-linked minimum contributory pension: nothing to cost. The minimum old-age income « à hauteur de 1000 euros par mois » [“at the level of 1000 euros per month”] is close to the current level of the ASPA (€12,523.14 a year for a single person, i.e. about €1,044 a month): neither an increase nor a decrease that can be costed. The same sentence bases the position on funded pensions, costed separately (not costed).

Current law, sources and limits of the cost schedule

Current law. Contributory minimum (MiCo) of the aligned schemes, Art. L. 351-10 CSS (Social Security Code): €733.03 per month in 2024 (Cour des comptes), pro-rated if the career is incomplete. The 2023 Act raised the MiCo by €25 and the enhanced MiCo by €75, with a target of a total pension of 85% of the net SMIC (€1,193 in September 2023) for a full career contributed at the SMIC. The enhanced MiCo is now indexed to the SMIC. Separately, the minimum old-age income (ASPA) is €12,523.14 per year for a single person (service-public, February 2026).

Horizon. Full year, €bn per year. The lower bound is costed for 2030, the upper bound in 2018-2022 euros.

Limits. High uncertainty. The lower bound corresponds to the 2023 measure: up to +€100 for new retirees and an uprating of the minimum amounts for current retirees, €1.8bn in 2030. But only 125,000 retirees actually receive the €100. The upper bound applies Montaigne's rule to the MiCo (minimum contributory pension): €7.0bn of spending × 100 / €134 average MiCo. It overstates the cost, as it assumes that all recipients receive the increase. The central value is the midpoint of this range, not a published figure. No published costing covers +€100 for everyone: the Institut Montaigne (€1.3bn in 2022) costs a €20-per-month increase in the minimum (its rule gives €6.5bn for +€100 with an average MiCo of €110); the Senate (€1.8bn in 2030) costs the 2023 measure, on average €400 a year for 1.8 million retirees; iFRAP (€2bn) publishes no method. Options withdrawn on 13 October 2026, because they were costed against the law as it stood in 2022: a minimum pension of €1,400 for a full career (Montaigne, €12.05bn, on the MiCo and the enhanced MiCo prior to the 2023 act) and the minimum old-age income raised to about €1,041 to €1,100 (Montaigne, €0.67bn, on an ASPA of €917 per month). The 2026 law has changed both starting points (enhanced MiCo at €903.93 per month on 1 January 2026, ASPA at €1,043.59) and no source read costs these measures against it: the positions targeting them are not costed. The target of 85% of the net SMIC in the 2023 act is an objective monitored in a report to Parliament (total pension, basic and supplementary, for a full career at the SMIC), not a guaranteed amount. The cost also depends on the population covered (existing or new retirees), on the condition of 120 contributed quarters and on the inclusion of civil servants (guaranteed minimum, €1.6bn in 2020) and farmers. External benchmark, not counted: the Institut Montaigne (2024 legislative elections) costs raising the minimum contributory pension to a SMIC of €1,600 net for full careers at €13.9bn by 2027 (+€286 per month applied to €7.7bn of minimum contributory pension spending, general scheme). Positions costed on this parameter use its central value: the upper bound overstates the cost.

How to read these amounts. These are static costs and revenues, with no feedback effect, over a full year: nothing on growth, employment or the revenue that economic activity would gain or lose. A higher net cost does not on its own make a worse policy, nor net savings a better one: each programme rests on an economic model (demand-led stimulus, lower compulsory levies, consolidation of the public accounts…) that the cost schedule does not settle. GDP itself measures a volume of activity, not well-being or the usefulness of what is produced. Economic models and feedback effects.

This lever in the method · Costing for David Lisnard

  1. Programme Nouvelle Énergie, « Réussir une nouvelle ambition française ». Read the programme page.

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