A million retirees will finally receive their real pension: an increase of €115

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A million retirees will finally receive their real pension an

The amount of many pensions will increase much more than expected.

It is a curious provision to say the least which will come to an end. In France, when an employee working in the private sector retires, a pension is paid for the rest of his life by the State, on the one hand, and by another organization (Argic-Arcco), on the other. go. Except that the latter financially sanctions any person who stops working as soon as the law allows them to do so.

Since 2019, workers stopping their careers as soon as they have earned the full rate have received less than the pension to which they are truly entitled. A reduction of 10% is in fact applied during the first three years of retirement, or until age 67, to encourage people to work and contribute more. But the provision will end.

Negotiations between unions and employers made it possible to eliminate this reduction in pension, from April 1, 2024. In a few months, around a million retirees who left at the full rate acquired will therefore be able to receive the true amount of their pension. , without waiting for the end of these three years. This will concern those who stopped between 1er May 2021 and November 30, 2023.

For retirees who will retire as soon as the full rate is acquired, from 1er December 2023, this penalty will no longer apply.

Pension amounts will therefore automatically increase for the retirees concerned, in addition to the increases already planned. The share of supplementary pension will be increased by 4.9% on 1er November, then, therefore, by 10% on the 1ster April 2024. In the meantime, the basic pension will also be increased by 5.2%, on 1er January.

For a retiree receiving €1,400 in retirement – the average amount in France – on October 1 (€980 basic + €420 from Argic-Arcco), the various increases will bring the total amount to €1,515.59, following this calendar :

  • November 1, 2023: €980+(€420*4.9%) = +€20.58, i.e. a total pension of 1420.58€
  • January 1, 2024: (€980*5.2%) + €440.58 = +€50.96, i.e. a total pension of 1471.54€
  • April 1, 2024: €1030.96+(€440.58*10%) = +44.05, i.e. a total pension of 1515.59€

A gain of more than €100, on average, which should not be too much to cope with galloping inflation, especially as bills will continue to increase.

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