Calculation of the retreat

In France, the retirement pension is calculated by association of the basic retirement pension and the boarding house of supplementary pension. The contributions with these two regimes are obligatory throughout the professional path for each one among us. Each boarding house has its own way of calculating.

On the other hand, the conditions of the departure to the retreat and obtaining a retreat with full rate defer according to the statute from the workers. One thus distinguishes the general scheme (that of paid), the special diets, the regime of the officials and the regimes of the craftsmen, of the tradesmen and industrialists, the farmers and the liberal professions.

The basic retreat

It functions on the principle of the distribution, the contributions are counted per quarters. The contributions are versed with the Social security and are used to finance the retirement pensions of the current pensioners. Currently, the lawful age of the retirement is 60 years but it is necessary to wait 65 years to claim with a retreat atrate (either 160 quarters of contributions). Calculation reprocesses basic depends on your last years of wages and your number of worked quarters.

The supplementary pension

The calculation of the supplementary pension is based on a system of points, calculated on the wage and employers' contributions. Calculation is carried out according to the number of acquired points and the value of the point which is revalorized each year.

These contributions are poured by the employer with various complementary pension funds: for the employees, the contributions are versed with the for the executives with the and for the employment exerted in the public area in the capacity as not-holder (contractual, free-lance, etc) they are versed with the . The nonpaid ones, officials and special diets depend on different cases.

To ask for its boarding house of supplementary pension, it is enough to have ceased any occupation. For the general cases, it is allotted to full rate at 65 years but it is possible to ask it as from 55 years in certain cases. For those which wish it, it is also possible to liquidate its supplementary pension after 65 years.

At all events, the employees having validated their 160 quarters and profiting from the basic retreat with full rate can request the liquidation of their retreat too from full rate.

Reforms

With the reform of 2003 (law Fillon), the reform of the special systems in progress and the new reform of the general scheme planned for 2008, the conditions to be entitled to the retreat are spirit to evolve/move.

Already acquired points:

- From the January 1st, 2009, the number of quarters required to profit from a basic retreat with full rate increases one quarter to reach 164 quarters in 2012 a year.

- Until now the basic boarding house with full rate (accounting for 50% of the average wages) was calculated on the basis of year 10 best of wages. From 2008, calculation will be done on the basis of year 25 best of wages.

Projects of the government:

- Currently, the special diets (except the miners and the sea fishermen) are called in question. The objective is to align them on the regime of the officials.

- In 2008, the future reform should ratify the lengthening of the obligatory duration of work, from 40 to 41 years.

full rate of the retreat corresponds to the rate of liquidation of the retreat to which you have right when you carried out a complete career or if you justify of a typical post. The amount of the basic retreat is function of the ordinary income, the duration of insurance in the regime and of the rate of liquidation which varies according to the duration of insurance all confused regimes.