the reform comes into effect this Friday, everything you need to know

2023-09-01 04:30:00

Decline in the legal retirement age, minimum retirement, departure for a long career… The pension reform comes into force this Friday. Focus on five of the main measures.

By Lou Romeo

Published on 01/09/2023 at 06:30

Subscriber-only audio playback

HAS count from this 1^is September, the very controversial pension reform is gradually being put in place.

Fifteen of its 31 implementing decrees were published during the summer after its adoption by means of a 49.3 last April. Highlighting its main measures.

• Gradual postponement of the legal age to reach 64 in 2030

The legal age of departure begins to move back. Those born between September and December 1961 are the first concerned: they will be able to retire at the age of 62 years and 3 months. By gradually shifting, at the rate of three months per year, the retirement age will reach 64 for departures in 2030. The generation born in 1968 will therefore be the first to leave at 64.

A simulator, set up by the government, makes it possible to assess his particular case.

READ ALSOPensions, taxes, wages: what changes from September 1

• Gradual increase in the number of quarters contributed for a full pension

It is now necessary to work an additional year in his life to benefit from a retirement pension without discount, that is to say 43 years. But this duration also increases gradually, at the rate of one quarter per year. French people born between 1^is September and December 31, 1961 will thus have to work 169 quarters – and no longer 168 – to benefit from a full pension, and so on, until the 172 quarters of contribution are reached in 2027.

Concretely, the French of the last quarter of 1961 will thus have, to take a retirement at full rate, to be aged at least 62 years and three months AND to have contributed 169 quarters during their professional career. In the long term, when the reform will be fully applied, you will have to be 64 years old and have contributed 172 quarters to leave with full retirement.

In detail, this gives:

• French people born in 1962 will be able to leave at 62 years and 6 months, after having contributed 169 quarters.
• French people born in 1963 will work two additional terms – they will leave at 63, after 170 terms (168 before the reform). The same is true for those born in 1964 (171 quarters against 169).
• French people born in 1965 and 1966 will have to contribute three additional quarters: they will leave respectively at 63 years and 3 months and 63 years and 6 months, after having contributed 172 quarters.
• Finally, the French born in 1967 will be able to leave at 63 years and 9 months, after having also contributed 172 quarters. This calendar does not apply to workers with disabilities and people with disabilities; the retirement age is set at 55 and 60 respectively.

A simulator, set up by the government, makes it possible to assess his particular case. Employees who have not worked long enough continue to benefit from a pension without a discount from the age of 67, this does not change. However, their pension will be calculated in proportion to the number of quarters contributed.

• New terminals for the early departure scheme for long careers

To avoid the injustice of postponing the legal age for people who started working – and therefore contributing – early, two new early departure terminals have been put in place.

Concretely, people who started working before the age of 16 will have the right to retire at age 58 (provided they have all their quarters); those who started before the age of 18 can leave at age 60; those who started working before age 20 can leave at age 62, and those who started working before age 21 can leave at age 63.

Cumulative retirement employment is now also permitted. It is possible to benefit from both a pension and a salary if you maintain an activity. This activity can also open the right, subject to conditions, to a second pension, which was not the case until now.

READ ALSOSummit between Macron and the parties: how it really went behind the scenes

• Extinction of most special diets

The end of the special schemes has begun: new recruits from the RATP, the electricity and gas industries, the Banque de France, and notary clerks and employees who had benefited from them until then, are now affiliated to the general scheme.

The veterans of these companies benefit from the “grandfather clause”: nothing changes for them, their special regime is maintained.

• Revaluations of certain small retirement pensions

Some small pensions are revalued, from 25 to 100 euros gross per month maximum. This concerns new retirees who have worked at the minimum wage all their lives and have all their quarters, whether they are employees, tradesmen and farmers.

1.7 million current retirees will also be able to benefit from it. About 500,000 of them will receive the difference from October, according to the government, but the others will have to wait several months, or even next summer, when the increase will be paid to them with “retroactive effect”.

1693614975
#reform #effect #Friday