The Constitutional Council finally validated the pension reform on Friday. Here is the procedure to follow to estimate the retirement pension that you will be able to have at legal age, term postponed to 64 years.
After a journey full of pitfalls, the pension reform was largely validated on Friday by the Constitutional Council. In particular, it provides for a gradual increase in the legal retirement age to 64 by 2030 and a contribution period increased to 43 years from 2027. In this context, what will be the amount of your full pension at age 64? Simulators exist, but beware of parameters that are not completely updated. MoneyVox explains.
The Info-Retraite.fr simulator
It is the most reliable of all even if it is still necessary to check the update of the new parameters voted within the framework of the reform! Above all, the Info-Retraite.fr simulator is the only one that allows you to force a starting age of 64 (or even 70) and provide an estimate of the monthly pension amount.
Currently, it gives you 3 gross results, with a possible pension amount of 62 years, the current legal age for the vast majority of active people, an amount at the full rate, whose age varies according to the profiles, and an estimate of your retirement age 67, the age of the full automatic rate.
This bad surprise hidden by the automatic full rate 67 years
This simulator can also give you a essential information and still valid: the number of terms already validated since the start of your career. It will thus be easy to calculate the number of quarters that you miss to reach a full career since what has been acquired, the rest with the new law. Example? People born from 1965 will have to contribute 43 years, or 172 quarters, to have a full rate pension. Those born in 1968 will be the first to have to work at least until age 64.
Info-Retraite.fr is an official site offered by Union Retraite, a public interest group (GIP) which brings together the compulsory, basic and complementary pension organisations, from the Cnav to Agirc-Arrco via the CNRACL , Ircantec, SRE or RAFP.
To log in, go to the official Info-retraite.fr website, or to the My retirement account app. You can then use the platform FranceConnect. You will also be asked for your Social Security number.
Use the Info-Retraite.fr simulator step by step
The simulator Am I concerned? by reform
The Info-Retraite.fr website has also posted the call simulator am I concerned? by reform. It will certainly be quickly updated because it had been put online the day after the presentation of the text in January by Elisabeth Borne.
Obviously, all those born after September 1, 1961 are affected by the increase in the legal age of 64 years. It remains to be seen in what proportion and especially with how many quarters remaining to contribute to reach the so decisive age of the full rate.
| year of birth | Legal starting age | Before the reform | After the reform |
|---|---|---|---|
| 1960 | 62 years old | 167 quarters | 167 quarters 41 years, 9 months |
| January 1961 August 1961 | 62 years old | 168 quarters | 168 quarters 42 years old |
| September 1961 december 1961 | 62 years and 3 months | 168 quarters 42 years old | 169 quarters 42 years, 3 months |
| 1962 | 62 years and 6 months | 168 quarters 42 years old | 169 quarters 42 years, 3 months |
| 1963 | 62 years and 9 months | 168 quarters 42 years old | 170 quarters 42 years, 6 months |
| 1964 | 63 years old | 169 quarters 42 years and 3 months | 171 quarters 42 years, 9 months |
| 1965 | 63 years and 3 months | 169 quarters 42 years and 3 months | 172 quarters |
| 1966 | 63 years and 6 months | 169 quarters 42 years and 3 months | 172 quarters 43 years |
| 1967 | 63 years and 9 months | 170 quarters 42 years and 6 months | 172 quarters 43 years |
| 1968 | 64 years old | 170 quarters 42 years and 6 months | 172 quarters 43 years |
| 1969 | 64 years old | 170 quarters 42 years and 6 months | 172 quarters 43 years |
| 1970 | 64 years old | 171 quarters 42 years and 9 months | 172 quarters 43 years |
| 1971 | 64 years old | 171 quarters 42 years and 9 months | 172 quarters 43 years |
| 1972 | 64 years old | 171 quarters 42 years and 9 months | 172 quarters 43 years |
| 1973 | 64 years old | 172 quarters 43 years | 172 quarters 43 years |
Source: Matignon
Whether this simulator does not allow you to simulate the amount of your future pensionit provides you with a very precise theoretical starting age, provided you check your quarters counted before your 20th birthday via Info-Retraite.
Use the simulator Am I concerned? step by step
New things to take into account
It should be noted that as part of the pension reform, many new features will influence the number of quarters to contribute and the future amount of your pension. For example, the law provides for an increase of up to 5% in the amount of the retirement pension for mothers who will continue to work until the age of 64, even when they have reached 43 years of age.
Changes to the long career system have also been made to retire earlier than 64, as well as the revaluation of small pensions with the decried promise of a minimum pension of 1,200 euros.
Pension reform: how much will your small pension increase?