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How much will my pension entitlement be?

Your age when you decide to stop working will have an impact on your retirement pension entitlement. You can choose to retire once you have reached statutory age or decide to stay on past that age. As a general rule, if you continue to work, the older you are when you retire, the larger your pension entitlement will be- up to a given maximum.

Indeed, your pension entitlement will be calculated based on the wages, index-related salaries, or other employment income you have earned, as well as on the length of your career.

 

Votre retraite selon votre âge de départ : découvrez notre infographie !

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You can retire at a number of different ages. You can choose to retire at statutory age, at the age when the rate reduction ceases to apply, or before or after you have reached that age.

 

Option N° 1: retiring at statutory age

  • The minimum age at which you can claim your basic retirement pension is called the “statutory retirement age” (“âge légal de départ à la retraite.”) It is determined by the year you were born.
  • Important: If you retire at statutory age, you will not necessarily receive a full-rate retirement pension, which is a pension calculated at the most favorable rate. To be eligible, you will need to have accrued a given number of quarters under all of the pension schemes combined.
  • If you do not have enough quarters for the full rate but retire once you have reached statutory age, the amount of your pension entitlement will be reduced proportionally to the number of missing quarters (rate reduction). This reduction is final and permanent.

 

To determine the statutory retirement age that applies to you and how many quarters you need, please refer to the information in the box entitled “key figures” later on in this article.

 

To estimate your pension entitlement if you should retire at that age, please click here.

 

Important information:

It is possible to retire before you have reached statutory age, under certain conditions.

To learn more, please refer to the following articles on Info Retraite’s website :

 

Option No. 2: retiring between statutory age and the age when the rate reduction ceases to apply

If you retire at statutory age but do not have enough quarters under all of the pension schemes combined to be eligible for the full rate, a final and permanent decrease (“décote") that is proportional to the number of missing quarters will be applied to your pension. To receive a retirement pension without a rate decrease, you will need to continue working and accrue quarters until you have reached the required length of insurance.

                                               To learn more, please refer to the website www.lassuranceretraite.fr

To simulate your pension entitlement if you should retire at the age, please click here.

Important information:

Under certain special circumstances, you may be eligible for a full-rate pension even if you have not accrued the required number of quarters.

To learn more, please refer to the following articles on Info Retraite’s website:

 

Option No. 3: retiring at the age when the rate reduction no longer applies

There is an age from which your retirement pension will be calculated without a rate reduction, however many quarters you have accrued.

Important: even if you are eligible for the most favorable rate, your pension entitlement will still be calculated on a pro rata basis of the number of quarters you accrued under each of the pension schemes to which you have belonged. In other words, even if your retirement pension is calculated without a rate reduction, the amount of your pension can be reduced if your length of insurance is not sufficient.

You can choose to continue working beyond the age at which the rate reduction ceases to apply as a way to accrue the required length of insurance and increase the amount of your future basic retirement pension.

 

To check the age at which the rate reduction ceases to apply, please refer to the information in the box entitled “key figures” later on in this article.

To estimate your pension entitlement if you should retire at that age, please click here.

 

Option N° 4: retiring with a rate increase (“surcote”)

If you continue working beyond statutory age and have already accrued the required number of quarters under all pension schemes combined, the amount of your basic retirement pension can be increased: this is known as a rate increase.

Each additional quarter of work will increase the amount of your retirement pension.

 

Important information:

  • In most cases, your employer cannot force you to retire before age 70. However, there are some exceptions. To learn more, please contact your human resource department or your employer.
  • You can retire gradually by cutting back to part-time near the end of your career while claiming a portion of your retirement pension.

To learn more, please refer to the article entitled “I plan to retire gradually” on Info Retraite’s website.

  • You can also continue working or start a new job once you have already retired.

 

To learn more, please refer to the article entitled “I plan to work during my retirement” on Info Retraite’s website

For personalized information based on your pension schemes, please log into your pension account.

You can also use this account to :

  • access your career history
  • and estimate your pension entitlements

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