This is one of the measures that emerged over the course of the -short- debates on the pension reform: a premium of up to 5% for mothers penalized by the decline in the legal age. The implementing decree was published on Tuesday 22 August. Who will benefit from this boost which, in reality, will only produce its effects in a few years?
Up to 5% more on the basic pension. Either schematically 50euros more each month for a basic pension of 1000eurosgross, knowing that this surcharge only concerns the basic pension (most often paid by Carsat) and not the complementary (most often paid by Agirc-Arrco).
But who will benefit? The LR senators behind this measure estimated during parliamentary debates that 130,000 people each year in the future will be the number of beneficiaries of this new surcharge. Will you be part of it? Here are the conditions, continued publication of the implementing decree.
A premium reserved for mothers?
No. The measure does not exclusively concern women but mothers and fathers of families, even if the Minister of Labor specifies in a press release that this surcharge will benefit, in the future, overwhelmingly women. Because this boost is linked to trimesters validated for maternity, education or adoption.
In future, policyholders, the vast majority of whom are women who, between the ages of 63 and 64, reach the required duration of insurance before the eligibility age and who benefit from quarters of increased insurance duration (MDA) under maternity, adoption or education, will be able to benefit from an additional cost of 1.25% per quarter of basic pension, details the Ministry of Labor in a press release.
Retirement: here is what women will be able to earn more with the 5% surcharge
At what age will the beneficiaries of this premium retire?
This surcharge is a compensatory measure: it concerns exclusively the parents who are victims of the decline in the legal age. In other words: as a mother, will you only reach the full rate at age 65? You are not concerned!
The measure is aimed exclusively at those (and therefore more specifically those) who will have to continue to work between the ages of 63 and 64 because of the decline in the legal age… when they have already validated their full rate. Clearly: parents with maternity, adoption or education terms, who can theoretically leave full rate at 63 but who must work until the legal age, which will reach 64 in 2030.
From when will this surcharge apply?
The decree provides for an application for pensions taking effect from September 1, 2023. But, in fact, this surcharge will only begin to produce its effects when the legal age will have exceeded 63 years, therefore from generation 1965 for retirements in about 5 years or more.
How many additional terms will you have to work from September 1?
How much? 5% or 1.25%?
The rate of 5% is a maximum. To obtain a 5% premium, you will have to be fully victim of the decline at age 64: that is to say, having to wait until you are 64 to retire when you can leave full rate from age 63, thanks to the quarters validated for education or motherhood. The 5% then compensates for a year (or even more) of additional work.
In detail, the premium is 1.25% per additional quarter worked between the age of the full rate and the legal age. So 2.5% premium, for example, for 2 more quarters worked, before the legal age. Cassette…
Example: born in 1966, Mathilde will celebrate her 63 years in 2029. Without the reform, thanks to her quarters validated for reasons of maternity and in respect of the education of children, she could have left full rate at 62 years and 6 months. Due to the decline in the legal age, she will not be able to claim retirement before she is 63 years and 6 months old. It is to compensate for this type of injustice that this measure was voted. But the quarters worked in excess from the age of 63 are counted, so 2 quarters in this case and not 4: Mathilde will thus benefit from a 2.5% bonus on her basic pension.
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.