Quel avenir pour le Fonds de réserve pour les retraites ?
We use a model based on the latest forecasts by the French Retirement Advisory Council (Conseil d?Orientation des Retraites : COR) at the moment when the study was carried out and a Bootstrap simulation of the rate of return on the financial portfolio of the French Pension Reserve Fund (Fonds de Réserve pour les Retraites : FRR). Our results indicate that the FRR will cover at most 24 % of the expected deficit in 2020 and 14.9 % in 2040.