Duration of contribution: how many quarters are required to retire?

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Duration of contribution how many quarters are required to retire

TERMS FOR RETIREMENT. The pension reform presented by the government in January 2023 leads to an acceleration of the 2014 Touraine reform concerning the contribution period. What does this point change, why is it important to follow to calculate your age and departure date? Here are some keys to better understand the project.

167 quarters of contributions is what you had to have accumulated during your working life to retire in 2022 for people born in 1960 (excluding long careers, special schemes or early departures). The pension reform project presented by the government on January 10, 2023 aims both to review the legal retirement age (gradually from 62 to 64) but also the contribution period by accelerating the Touraine reform dating from 2014. What does the project consist of, what are the consequences for you depending on your year of birth? Here is what to remember from the pension reform project with regard to the quarters of pension contribution.

For people retiring in this year 2023 (born in 1961), the calendar already provided for an additional quarter of contribution (168) to assert their rights. The reform involves another trimester for people born between 1er September 1961 and December 31, 1961. These future retirees must therefore have accumulated 169 quarters to assert their pension rights, ie from the age of 62 years and 3 months.

The reform then plans to put in place a progressive calendar aimed at increasing the contribution period to 43 annual installments from 2027. This therefore represents 172 quarters of contribution to have accumulated to assert one’s rights, at the age of 64. 3 months will be added for each year of birth, from the second half of 1961 to persons born in 1968, the first generation fully concerned by the legal retirement age of 64 years.

Here is the calendar to remember for the next retirements:

  • Born in 1960: 167 quarters (legal retirement age: 62)
  • Born between 1er January 1961 and August 31, 1961: 168 quarters, i.e. 42 years of contribution (legal retirement age: 62).
  • Born between 1er September 1961 and December 31, 1961: 169 quarters, i.e. 42 years and 3 months of contribution. (legal starting age: 62 years and 3 months).
  • Born in 1962: 169 quarters, i.e. 42 years and 3 months of contribution (legal starting age: 62 years and 6 months).
  • Born in 1963: 170 quarters, i.e. 42 years and 6 months of contribution (legal starting age: 62 years and 9 months).
  • Born in 1964: 171 quarters, i.e. 42 years and 9 months of contribution (legal retirement age: 63 years).
  • Born in 1965: 172 terms or 43 years of contribution. (legal starting age: 63 years and 3 months).
  • Born in 1966: 172 quarters, i.e. 43 years of contribution (legal retirement age: 63 years and 6 months).
  • Born in 1967: 172 quarters, i.e. 43 years of contribution (legal retirement age: 63 years and 9 months).
  • Born in 1968: 172 quarters i.e. 43 years of contribution (legal retirement age: 64 years)
  • Born after 1968: 172 quarters, i.e. 43 years of contribution (legal retirement age: 64).

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