The pension reform was adopted on Monday. In particular, it provides for an increase in the retirement age to 64 years. Here’s what to expect if you turn 50.
2023 is an important year for you, you are going to celebrate your 50th birthday. But will you have to work longer to receive your future pension? Most likely yes. Indeed, the pension reform was adopted by Parliament on Monday after the rejection of two motions of censure following the use of 49.3 by the government. As already provided for in the Touraine reform, you will be able to receive a full pension after having spent 43 years or 172 quarters
In any case, regardless of your contribution period, you can always retire at full rate without a discount at age 67. The measure applies to all withdrawals, future and current.
On the other hand, the legal starting age for receiving your future retirement pension is rising. He passes, in theory, from 62 years to 64 years. But the early retirement system for long careers will in any case allow certain individuals to leave earlier.
According to Prime Minister Elisabeth Borne, four out of ten people will be able to benefit from early retirement and will therefore not have to work until the age of 64.
| year of birth | Legal starting age | Before the reform | After the reform |
|---|---|---|---|
| 1960 | 62 years old | 167 quarters | 167 quarters 41 years, 9 months |
| January1961 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
A retirement simulator put online
If you want to know more about your personal case, consider consulting Info-Retraite.fr. The site of the group of basic and complementary schemes, has posted a simulator am I concerned? by reform. In three steps you can take stock of your situation, even if you are already retired.
Note that if people born in 1960, and who turned 62 last year, are not affected by the pension reform, those born between September and December 1961 will be the first to have to work an additional quarter. The 1965 and 1966 generations are the worst off and will have to contribute three more quarters.
Pension reform: how much will you earn at 64?