Pensions Advisory Council

Created in 2000, the Pensions advisory council (Conseil d'orientation des retraites, COR) is an institution in charge of monitoring the middle and long term prospects of the pension system. It is an interesting institution, because it is both an institution of expertise and an institution of dialogue ("concertation").


Its expertise is embodied by the general secretariat (less than ten persons), composed of economists, statisticians, actuaries, who works in close cooperation with the public administration and the pension schemes. The COR's reports are viewed as fully consistent with the international standards in that field.

The concertation aspect is reflected in the composition of the Council (41 members) : members of both houses of Parliament, representatives of employers, of the main unions, of the retirees and families, independent experts and main directors of the administration.

The laws assigns to the COR three main missions :
 

  • to describe the middle and long term prospects of the pension system with regard to demographic, economic and social background. 
     
  • to delineate the required conditions to ensure the financial sustainability of the pension schemes. The COR works out the elements of a "diagnostic partagé" (shared assessment), and, if possible, tries to formulate a set of choices in terms of pension policies.
     
  • as a result of the recent legislation (January 20, 2014), the COR has to publish, every year before June 15, a "public document" on the pension system, based on a set of indicators and assessing their consistency with the pension system's objectives. Leaning on that report, a new pension follow-up committee (comité de suivi des retraites) will make recommendations about possible pensions' parameters adjustments. Thus, the COR will play a central and regular role in the new monitoring process of the pension system.


During the last decade, the COR has provided its positive contribution to the system. It brings about continuity in the public debate on the pension system. Its pluralist composition allows for an open debate leading to a minimum of shared analysis, which is valuable in a country in which political and social consensus is difficult to reach. The COR reports have allowed for a better understanding of the different issues involved in the pension system, not only among experts but, more widely, in the overall political and social debate.

Brief of plenary session of October 14, 2021, “Life-cycle redistributive effects of the pension system”
Brief of plenary session of July 8, 2021 “Taking into account life expectancy in schemes’ simulation models (2nd part)”
Summary - COR Annual report June 2021
Brief of plenary session of April 15, 2021 “Pension system indicators and preparation of the annual report”
Brief of plenary session of March 18, 2021 “Retirement savings: what does the PACTE law change?”
Brief of plenary session of February 11, 2021 “Inequalities and recent changes in life expectancy”
Brief of plenary session of July 9, 2020 “Retirement transition and pensioners behavior”
Brief of plenary session of March 5, 2020 “Update on microsimulation models”
Brief of plenary session of December 19, 2019 “Consumption, savings and use of credit from pensioners”
Brief of plenary session of October 17, 2019 “Financing pensions and macroeconomic feedback”
Brief of plenary session of July 11, 2019 “Evolution of intragenerational inequalities”
Brief of plenary session of May 23, 2019 “Retirement Ages and Behaviors: Health and Conditions of Job Retention”
Brief of plenary session of April 17, 2019 “Enrichment of pension indicators”
Brief of plenary session of March 21, 2019 “Retirement behaviors”
Brief of plenary session of February 21, 2019 “Retirement ages”
Brief of plenary session of January 31, 2019 “Retirement and conjugal entitlements: overview and perspectives”
Brief of plenary session of December 20, 2018 “Retirement of the self-employed”
Brief of plenary session of November 21, 2018 “Transitions from employment to retirement and standard of living”
Brief of plenary session of October 18, 2018 "Pension system steering"
Brief of plenary session of July 11, 2018 ”Commitments, reserves and debts of the pension system”
Brief of plenary session of May 24, 2018 “Minimum of pension and ceilings”
Brief of plenary session of April 12, 2018 “Further study on the indicators of the annual report”
Brief of plenary session of March 22, 2018 “Contribution, redistributions and solidarity: a clarification”
Brief of plenary session of February 14, 2018 - "Calculating rights and switching from one pension system to another"
Brief of plenary session of January 24, 2018 “Savings for retirement”
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