EXCLUSIVE. In the long soap opera of the “minimum” pension at 1,200 euros promised by the government, one element is systematically overlooked: the supplementary pension. However, the measure is partly based on the complementary. But how much is an Agirc-Arrco pension for a full career at minimum wage? And is it enough to approach 1,200 euros gross?
” Lie ” ? “Crash”? “Shipwreck”? The promise of a minimum pension of 1,200 euros has been widely commented on, criticized, unraveled… Despite the (voluntary?) inaccuracies of certain members of the government or of the majority during their media appearances, the presentation file of the pension reform did indeed reveal certain important conditions: “With the reform, the retirement pension for a career fully contributed to minimum wage cannot be less than 85% of the net minimum wage, i.e. around 1,200 euros gross per month. A promise that will in fact only concern a handful of retirees? MoneyVox has already detailed the subject…
Small pension: will you be able to take advantage of the “minimum pension” of 1,200 euros?
One aspect remains, crucial to get close to 1,200 euros (gross, before CSG-CRDS): which supplement? The typical example of “an insured person born in 1961 with a full career at minimum wage” retiring at the end of 2023 detailed by the government in the report accompanying its reform is based on two pensions: the basic pension (Cnav) + the complementary (Agirc-Arrco in this case). The basic retirement pension is in this example increased from 748 to 848 euros and the government is counting on an additional 345 euros (1) to reach 1,193 euros after reform. Realistic? Beyond this example, MoneyVox asked Agirc-Arrco to precisely estimate the supplementary pension that a retired person who has completed a full career at the minimum wage would receive…
If you are retiring in 2023…
First estimate of Agirc-Arrco, for “a person born in 1961, having started working at age 20, having had a full career paid at minimum wage, and having liquidated his retirement on January 1, 2023”, a very slightly different example from that of the government.
Without the reform, this person can claim his full pension rights at the start of 2023 after 42 years of career (168 quarters). Result: “We estimate that his gross monthly pension at Agirc-Arrco is around 255 euros “. In gross.
How to explain such a low amount… and therefore so far from the amounts necessary to approach the gross 1,200 euros in total? Clarification of the importance of the scheme currently managing the supplementary pensions of 13 million former private sector employees: “This Agirc-Arrco pension takes into account the solidarity coefficients. Translation: what is more commonly dubbed the ” Agirc-Arrco malus ”, which cuts down your additional 10% for 3 years, unless you wait an additional year before asserting your rights.
Agirc-Arrco supplementary pension: “Will the 10% discount still apply after the reform? »
But even if we erased this penalty, the additional would be around 285 euros. Far, again, from the amount necessary to approach 1,200 euros…
In fact, the typical example detailed by the government in its “Report on the objectives and effects of the pension reform project” sticks close to the euro to the average of a supplementary Agirc-Arrco for pensioners born in 1961either 337 euros (1)but it is a overall average… but former Smic employees mechanically have a smaller pension than a large part of retirees.
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If you are already retired…
In fact, you already know the complementary that you receive each month. The government announces 1.8 million small pensions revalued thanks to the evolution of the contributory minimum.
Pension reform: how much will your small pension increase?
Unless the situation turns around, we should not expect a boost for supplementary pensions, apart from the traditional annual revaluations, of course.
Again, what pension is a former employee entitled to who has completed a full career at the minimum wage level? MoneyVox asked Agirc-Arrco to estimate the pension of a retired born in 1956, having a full career at Smicwhich is therefore not affected by the 10% penalty.
The technical department of the supplementary scheme provided us with the following estimate:
Having started his career at the age of 21, carried out without interruption at minimum wage, full-timethis former private sector employee retired at 62 years old on July 1, 2018. His “gross monthly Agirc-Arrco pension at the time of liquidation” (3) was “256 euros” in 2018. Following the various revaluations of the Agirc-Arrco pension since then, its monthly supplement is now 276 eurosbefore social contributions.
Pension reform: how much will your small pension increase?
(1) Typical case of “Ahida” detailed in this report. Without reform, the additional announced would be 337 euros, and 345 euros after reform due to the 3 months of additional work due to the decline in the legal age and the extension of the required contribution period.
(2) Source: public data from the Agirc-Arrco scheme.
(3) “Agirc-Arrco rights acquired at the minimum contractual rate (ex-Arrco until the end of 2018)”, specifies the regime for former private sector employees.