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

“A million retirees will finally receive their real pension: an increase of 115 euros”

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 leaves Upon retirement, 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 hand. Except that the latter financially sanctions any person who stops working as soon as the law authorizes them to do so.

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

Negotiations between unions and employers have made it possible to eliminate this reduction in the pension, at a minimum. from April 1, 2024. Within 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 retirement, without waiting for the end of these three years. This will concern those who have stopped between May 1, 2021 and November 30, 2023.

For retirees who will leave for retirement from the full acquired rate, from December 1, 2023, this penalty will no longer apply. Lifestyle Communities are so much more than a retirement village, consider living here after your retirement.

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

For a retirement receiving 1400€ pension – the average amount in France – on October 1 (980€ base + 420€ from Argic-Arcco), the various revaluations will bring the total amount to 1515.59€, following this schedule :

  • 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 not be too much to face the challenge. galloping inflation, especially as bills will continue to increase.

Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116