The pension reform has just been adopted by Parliament following the rejection of motions of censure. MoneyVox presents to you the theoretical timetable for the entry into force of the key points of the text carried by Emmanuel Macron and Elisabeth Borne.
The rejection of motions of censure on Monday by the National Assembly enabled the government to pass its pension reform bill without a direct vote on the text. Pending the publication of the implementing decrees and the promulgation of the law, here is the theoretical timetable for implementation planned by the executive.
theoretical because two appeals are expected in the next few days. First a bill for a shared initiative referendum (RIP) was tabled in the National Assembly. The Constitutional Council will have to judge its admissibility within a month. In the event of a positive opinion, it will then be necessary convince 4.7 million French people aged to vote to sign this RIP.
Then, Mathilde Panot, leader of the deputies of La France insoumise, announced her intention to seize the Constitutional Council. In his sight, certain articles of this reform which could be judged unconstitutional (Senior Index…).
The legal age will change from September 1, 2023
After these thresholds, as of September 1, 2023, the legal retirement age will be gradually raised by three months a year to reach 64 in 2030, compared to 62 today. Precisely, it will be set at 63 years and 3 months in 2027 at the end of the five-year term to gradually reach 64 years old in 2030.
It will then be necessary to justify 43 years of contributions for a full rate pension. According to the terms of the previous Touraine reform, this opportunity should have arrived in 2035. The age at which people can retire without a discount, regardless of their contribution period is maintained for 67 years. The measure applies to all withdrawals, future and current.
| 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
Born in 1961: the tested generation
As shown in the table above, people born in 1960and who turned 62 last year, are not affected by the reform.
But for those born in 1961the situation is more complex: workers who will celebrate their birthday between January and August will be able to exercise their right to retirement from the age of 62, with a contribution period of 42 years or 168 quarters, to obtain a full rate.
But those born between September and December 1961 will have to work an additional term and accumulate 169, or 42 years and 3 months.
Then all employees born between 1962 and 1972 will have to work between 1 and 3 trimesters more than currently expected.
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.
Ns in 1965 and 1966: the big losers
All employees born between 1962 and 1972 who will have to work between 1 and 3 quarters longer than currently planned, but the generations born in 1965 and 1966 – who will therefore be 58 and 57 years old in 2023 – are the big losers of this accelerated movement compared to the Touraine reform which provided for a contribution level of 43 years in 2035.
To reach this new ceiling set by the government, these workers will have to justify three additional quarters.
Reminder, to validate a quarter, you must receive a minimum income over 3 months. In 2023, it will be necessary to receive 1690.50 euros of gross salary for the validation of a quarter (compared to 1585.50 euros a year earlier), this amount being revalued at the rate of the rise in the minimum wage.