Today, insured persons who request payment of their pension before the age of 67 can only receive their pensions “in full” if they can prove a minimum number of quarters validated by their pension fund. This number of quarters is currently set at 167 for policyholders born in 1958, 1959 and 1960, at 168 for those born in 1961, 1962 and 1963, or 169 for the generations 1964, 1965 and 1966… and so on. continued, to reach 172 quarters for the generations born from 1973.
If they request the payment of their pension without having the duration of insurance [calculée en trimestres] required, their pensions are reduced by applying a discount. Its magnitude depends on the number of quarters they miss either to reach the required insurance period or to reach 67 years of age. The most advantageous solution for the insured is chosen.
For example, if you request payment of your pension at age 62 (twenty quarters missing compared to age 67) but you are “only” ten quarters short of reaching the required insurance period corresponding to your generation, we will apply the discount corresponding to ten missing quarters. Conversely, if you want to leave at age 65 (eight quarters missing compared to 67) but you are missing fifteen quarters, you will be applied the discount corresponding to eight missing quarters.
Redeem up to twelve quarters
All the basic schemes offer you the possibility of buying back certain periods – up to a limit of twelve quarters in total – to artificially supplement your duration of insurance.
The best-known system – but also the most expensive – called “retirement payment”, makes it possible to buy back years during which you have made little or no contribution towards your retirement: years of higher education, calendar years “ incomplete” during which you have validated less than four terms per year, years of expatriation if you have not contributed to the Caisse des Français de l’étranger during this period.
As long as you can redeem “all” your missing quarters, a redemption of quarters can allow you to cancel the discount and leave as of the minimum retirement age – 62 years old today – with substantially the same retirement as that that you would have obtained by working until the end.
Indirectly
However, the yield from this operation is not the same for everyone and it depends on many parameters: age on the date of the purchase, level of professional income, impact of the purchase on the supplementary pension, etc. But it is particularly interesting for those whose terms of payment of the supplementary pension are aligned with those of the basic pension, because a buy-back from the general scheme allows them to indirectly improve the amount of their supplementary pension without having to pay anything to this diet.
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