Pension reform: what the final text contains

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“Pension reform: what the final text contains”

PENSION REFORM 2023. The Constitutional Council has delivered its verdict on the constitutionality of of pension reform, after three months of debate. Here is what the final text contains.

[Put to; day April 14 2023 à 7:42 p.m.] The decision has been made. The Constitutional Council has delivered its verdict concerning the pension reform. As envisaged, the text was adapted. censored partially. Indeed, six articles, including those on the senior index and the senior employment contract, were reviewed. rejected by the institution. On the other hand, the Constitutional Council judged that validates article 7, on the postponement of the retirement age to 64 years, the main measure of this reform. The text should now be promulgated in the next 48 hours. Here is its final content:

​​What are the main lines of the 2023 pension reform? The summary

Pension reform is integrated into the a future amending financing bill for Security; social (PLFRSS), as announced by Prime Minister Elisabeth Borne, Thursday March 16 in the middle of an extremely excited National Assembly. Government number 2 then announced the use of the famous 49.3 to try to pass the text of the pension reform without having to resort to a vote of the National Assembly. Mission accomplished since the two motions of censure tabled subsequently failed. on Monday March 20, and the pension reform bill was approved. adopted. To try to see things more clearly, here are the 6 key points to consider: to remember concerning the pension reform project:

• Reduction of the legal retirement age from 62 to 64 years
• Creation of a minimum pension at 85% of the minimum wage
• New system for long careers (earlier start)
• Better consideration of hardship (expanding C2P)
• Towards an elimination of certain special regimes ( RATP, IEG)
• The age forcancellation of thediscount remains at 67 years
• Maximum contribution period at 43 nights

In order to ensure the survival of the expensive pay-as-you-go retirement system, France, the government wanted to review the starting system at home retirement. The executive is based first of all on the increase in life expectancy. We live longer, so we can work a few more years. The number of retirees, for its part, is growing more quickly than the number of active people. And this figure should see a constant increase in the years to come. come. 16.8 million retirees in 2020, and until then 23 million in 2070. A big acceleration should be felt around 2040 with the arrival at retirement of the baby boom generations. The problem is that it is the active people who contributeto pay retirees' pensions. Hence the desire for the government to "rebalance" This pension system which calls for greater funding.

While the pension reform bill has just been adopted; by the National Assembly, here is the summary of the latest events and upcoming events. come:

• March 16, 2023: the Prime Minister used 49.3 to have the text of the pension reform adopted.
• March 17, 2023: two motions of censure have Summer filed.
• March 20, 2023: the two motions of censure are rejected and the pension reform project has been approved. definitively adopted by the National Assembly.
• March 21, 2023: Prime Minister Elisabeth Borne has referred the matter to the Constitutional Council for an examination of the text of the pension reform.
• April 14, 2023: the Constitutional Council has censored ; partially the pension reform, in particular on the articles of the senior index, and the senior CDI
• The entourage of the President of the Republic has informs à LCI that the pension reform would be promulgated within 48 hours.

After the passage of 60 years to 62 years old in 2010 (Woerth reform), Emmanuel Macron wishes to move on to 64 years with an acceleration in the contribution period, which will reach 43 years and 172 quarters. This is the 1968 generationwho will be the first to having to wait until age 64 to benefit from a full-time pension full rate. You are concerned ? Here is the new legal starting age, based on your year of birth:

• 1961 Generation: 62; years and 3 months, in 2023
• Generation 1962: 62 years and 6 months, in 2024
• Gé ;1963 birth: 62 years and 9 months, in 2025
• Generation 1964: 63 years in 2026
• Generation 1965: 63 years and 3 months, in 2027
• Generation 1966: 63 years and 6 months, in 2028
• Generation 1967: 63 years and 9 months, in 2029
• Generation 1968: 64 years in 2030

The info-retraite.fr platform already allows you to join to carry out a simulation to try to find out the new starting age at the end of the year. retirement if the reform comes to pass come into force. You should provide some information such as your age, as well as the number of quarters contributed before the age of 20 (to find out if you are one of the beneficiaries of the career system). long res).

With its pension reform, the government intends to make the long careers system more “adapted”, and extend the long careers system to people who have started their careers. à work between the ages of 20 and 21, so that they can move on. retirement from the age of 63. In the long careers system of the current pension system, a person who has started their career à working before the age of 20 can leave retirement two years later in advance, when a person who entered working life before the age of 16 can benefit from an early departure. of four years. With the pension reform, which sets the legal retirement age at 64 years old, people who have started Those working between the ages of 18 and 20 will be able to retire two years earlier than the new legal retirement age, i.e. 62. People who have started à work at 17 years old will be able to they claim to be a start at retirement at 61 years old, etc… In detail, if you have validated at least five quarters before the age of 20 (with 43 years of contributions and 172 quarters), it will be possible to leave for retirement at:

• 58 years : if you have started à working at 14 years
• 59 years: if you started working à work at 15 years
• 60 years: if you have started à work at 16 years
• 61 years: if you started à work at17 years
• 62 years: if you have started à working between 18 and 20 years old
• 63 years old: if you started working à work between 20 and 21 years old

The project is also accompanied by an impact study revealing certain inequalities between women and men. According to the report, on average, a woman will have to work 7 months more with the reform, compared to 5 additional months for men. And up to 9 months more for a woman born in 1972, or four months more than a man.

For more than three years, the abolition of special diets has been in the government's little papers. Face to face Following the scolding of contributors to special schemes, the latter has revised his copy. With the pension reform, He wishes prohibit access to special schemes for new hires in the professions concerned. In other words, the old ones will keep their special regime, but the new ones will no longer have access to it. The limit is as follows: to remain attached to the à his special regime, the employee must be up to date less than 17 years from retirement, in 2020. This is the famous "grandfather clause". Please note, the increase in the legal starting age should start a little later for these special schemes. The Woerth reform of 2010, which had raised Legal starting age of 60 to 50 years. 62 years, will only be fully effective in 2024. Companies employing these employees could therefore find themselves obliged to establish a period of convergence with other schemes.