With the reform it will affect more than 12

MIREILLE WEINBERG, LES ECHOS

With the postponement of the minimum legal age for retirement at age 62, the French will work longer, so longer contribute to the supplementary schemes (for all Arrco and Agirc for managers), to ultimately get a retirement than what it would have been if they had left 60 years before the reform. But, duration of work (60 years and 4 months for the generation born in 1961 or 62 years for those born in 1956 for example, see table), the amount of the pension would have been more important before the reform, since this person would have benefited from the raise (1.25 more per quarter worked more than 60 years and provided that it has the number of required quarters). With the benefit of the minimum legal age of retirement, the raise of 4 months in our first example or two years in the second, disappears. At the time, duration of work and assuming that the quarters necessary to obtain a full pension have all been assessed, the retired affect a pension than he would have obtained before after the reform. When the raise is only 4 months (born 1951), the difference is quite low (111 euros per year for the non-management) and 177 euros for the framework to 60,000 EUR of gross earnings per year, but when it passes 2-year (born 1956), is $ more significant (1.881 euros per year for the non-management and 1.587 euros for the framework).

See the difference in the level of pension before and after the reform, equal retirement age, to compare the last two columns of the table. A non-management, born in 1951 (1st line) would have received a pension of 12.179 euros if he went to retire at 60 years and 4 months (with a raise of 4 months) in the former device. With the reform, it will affect more than 12.068 euros starting at the same age the new age for him, so no raise. A non-management, born in 1956 (6th line) would have received a pension of 14.859 euros if he went to retire at 62 years (with a raise of 2 years) in the former device. With the reform, it will affect more than 12.978 euros starting at the same age the new age for him, so no raise.

See the difference in the level of pension before and after the reform, equal retirement age, to compare the last two columns of the table. Born in 1951 (1st line) framework would have received a pension of 30.373 euros if he went to retire at 60 years and 4 months (with a raise of 4 months) in the former device. With the reform, it will affect more than 30.196 euros from the same age the new age for him, so no raise.

See the difference in the level of pension before and after the reform, equal retirement age, to compare the last two columns of the table. Born in 1951 (1st line) framework would have received a pension of 53.192 euros if he went to retire at 60 years and 4 months (with a raise of 4 months) in the former device. With the reform, it will affect more than 52.660 euros from the same age the new age for him, so no raise.