The Senate voted in favor of an increase in the amount of the retirement pension for women who will continue to work until the age of 64, even having reached 43 annuities under the effect of the terms of maternity and education of children.
The Senate adopted the pension reform on Saturday evening. This incorporates an amendment made by Les Républicains with the approval of the government and which provides up to 5% pension increase for mothers who will retire at age 64 after a full career of 43 years valid earlier thanks to the maternity and/or education trimesters.
How did it work?
Today, the birth or adoption of a child already entitles you to additional quarters. For employees in the general scheme, each child is entitled to four additional quarters for the mother, to which are added four trimesters for the education of the children. In the public service, the total number of these quarters is limited to 2 per child against 8 in the private sector.
But if you continue to work until age 64despite the contribution of these quarters which offered you a full career, a bonus of 1.25% per quarter could soon be granted to you from the age of 63, for a maximum total of 5%. With the backing of the government, the Senate came out in favor of an improved pension for mothers with at least one child who have a full career between 63 and 64 years of age. This measure is supposed to apply from the first child.
According to the calculations of Capitalthe gain will be included between 11.25 euros and 22.91 euros for an additional quarter depending on whether your retirement is 1200euros gross or 4000euros gross. For four more quarters, the financial boost will be between 45 and 91.65 euros.
For a pension of 2000euros gross per month, the pension increase will be between 15 and 60 euros.
At what age can I retire? *
| Legal retirement age ** | — |
| Number of terms required ** | — |
| automatic full rate ** | 67 years old |
* From 1er September 2023, the legal retirement age will be gradually raised by three months a year to reach 64 in 2030, compared to 62 today.
** Source: government pension reform project presented on January 10, 2023.
NB: This is a simplified simulator which presents the general cases. For a personalized simulation, go to the simulator of the retirement info site.
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Who is affected?
According to the rapporteur of the amendment, 130,000 people will be able to enjoy it since the measure is not only aimed at women. Since 2010, parents have been able to share the four quarters granted in return for adoption and education.
Until now, mothers choosing to leave after the legal age (62) had a 10% premium. With this amendment, they will leave with 5% more to complete 2 additional years.
How much did it cost?
Senator LR Ren-Paul Savary, the originator of this amendment, has calculated the cost of 300 million euros per year.
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