A compensation measure for delaying the starting age. The pension reform has relaxed the conditions for buying back quarters. The law and the decree published at the end of August on this subject, however, forgot the public service. The government is correcting this oversight via an amendment to the 2024 Social Security draft budget.
Did your professional career only begin after a long university course? You are one of those who will (perhaps) be interested in looking into the issue of buying back quarters. Or more precisely, retirement payments.
For higher education, you can buy back up to 12 terms maximum in order to get closer to a full-rate retirement more quickly. The difficulty is this: the longer you wait before buying back, the more expensive the buyouts are… but you never know in advance, especially in the middle of your career, if these buyouts will really be useful to you.
Retirement: buying back quarters, is it useful and how much does it cost?
Where is the new thing? Before the reform, it was possible to buy back 4 terms of higher studies reduced rate if you took the approach within 10 years of the end of your studies. The reform pushes back the deadline until you turn 40. So, you now have until December 31 of the year you turn 40 to buy 4 reduced study terms.
The amendment extends this advancement of public service pension reform
The decree published on August 22 Official newspaper however, only concerned the retirement of private sector employees. It is in order to ensure equal treatment that the government is presenting this Tuesday, October 24, a amendment to the social security financing bill for 2024. As the government points out in comments on its amendment, the pension reform authorized this buyback during a period which is no longer restricted to 10 years after studies, but which now runs until the age of 40. , and its amendment extends this advancement of public service pension reform.
Scu budget: new use of 49.3 in sight
The amendment has not yet been submitted to the vote of deputies, the examination in plenary session starting this Tuesday, October 24 at 5 p.m. But there is no real suspense: as for the finance bill for 2024, the government will use 49.3 to pass its text. And will therefore very probably retain its own amendments and a selection of amendments from parliamentary groups meeting its criteria.