are your redemptions of quarters really lost?

Did you buy quarters a few months or years ago in order to be able to retire earlier? And this redemption ultimately proves useless because of the decline in the legal age with the pension reform? Good news: a measure allowing you to claim reimbursement of this redemption has been integrated into the reform. How do I claim this refund? Retirement Insurance advises you to wait.

I bought 12 terms of higher education for 75,000 euros in order to be able to leave at 62. I lost this money? Like Philippe, who asked this MoneyVox question in mid-January, when the government unveiled the main lines of its pension reform, a large number of readers expressed their concern about the future of their quarters thus redeemed unnecessarily. Or partially unnecessarily, since to remain in the case of Philippe, it is 3 quarters out of the 12 redemptions which could have been lost.

Reader question. I bought back 12 quarters to leave at 62. Are they lost?

Good news concerning all these future withdrawals having redeemed quarters a little too early: the law to come into force on September 1, 2023 includes the following measure, article 10: contributions paid before the publication of this law (…) by the insurer n from September 1, 1961his request is reimbursed (…) Reimbursement requests are submitted within 2 years from the promulgation of this law. This possibility of reimbursement is therefore only open to future pensioners born since September 1, 1961 – who are therefore less than 62 years old today -, who have not yet exercised their pension rights, and who have bought back wrong quarters.

Requests will be kept but not processed pending texts

Should you rush to claim this refund? No, answers the National Old Age Insurance Fund (Cnav), requested by MoneyVox: Applications will be kept but not processed pending texts specifying the procedures for reimbursement. The Retirement Insurance is still waiting to have further details to launch these reimbursements of quarters redeemed unnecessarily. Details are expected in the batch of 31 regulatory texts – 27 decrees and 4 decrees – necessary for the application of the pension reform. The Minister of Labor has promised that these 31 texts will all be published by September 1.

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A gas plant coming?

Such a system for reimbursing quarterly terms redeemed unnecessarily had already been put in place following the 2010 reform. The pension fund had informed the policyholders concerned of the possibilities of requesting reimbursement and deadlines, recalls Pascale Gauthier, partner at Novelvy Retraite. Pascale Gauthier remembers, however, that this exceptional reimbursement window looked like a gas factory.

The complexities came mainly from the tax deductibility of these retirement payments. By going backwards, with the reimbursement, the income of the taxpayers thus reimbursed swelled in the year of the reimbursement… which could cause the income tax to rise after having reduced it in the year of the redemption.

Pascale Gauthier also underlines the complexity of reimbursement for redemptions [qui] had t tiered. Will the government have found a solution to avoid such complexity? Suspense. The publication of the texts should take place in the coming weeks.

Retirement: buying back quarters, is it useful and how much?

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