Nathalie Cheysson-Kaplan indicators this file on pension reform in The particular of March, the Figaro group's wealth month-to-month.
franceinfo: In a phrase, we recall the precept of this reform. For these involved it is going to be essential to work longer, we will probably be inspired to take action with this well-known "pivotal age"
Nathalie Cheysson-Kaplan: It’s the cornerstone of this reform. The retirement age would stay fastened at 62 years however in the event you depart at this age, you’ll systematically have a reduction, whereas as we speak it’s doable to keep away from it as quickly as one has the corresponding required insurance coverage interval to his technology.
Sooner or later regime, this notion of period of insurance coverage disappears in favor of an age situation. It’s only from this new pivotal age that your pension will probably be paid in full. It may very well be set at 65 for the technology born in 1975. Should you depart earlier than, we’ll apply a reduction. Should you depart afterwards, you’ll be entitled to a surcharge.
You've finished your accounting: roughly 30% of the workforce shouldn’t be affected by the brand new system. So who’s going to be? Is it primarily a query of age?
The reform will solely have an effect on generations born after January 1, 1975, that’s, those that will probably be beneath 50 in 2025; they are going to begin contributing to the brand new plan from January 1, 2025. Their retirement will probably be calculated in accordance with the present guidelines for the a part of their profession accomplished earlier than 2025, and in accordance with the principles of the brand new system for the remainder of their profession. Insured individuals born from 2004 would be the first to contribute and purchase all their rights within the new system.
And so, to make this night very clear, those that is not going to be affected by the reform?
It’s the insured who’re lower than 17 years of retirement, that’s to say who had been born earlier than 1975. They don’t seem to be affected by the brand new system however may very well be affected by the financial measures which should be taken by social companions by the tip of April 2020.
Ditto for officers and brokers of particular schemes born earlier than 1980 who can now retire from 57 years, in addition to these born earlier than 1985 who can now retire from 52 years, they won’t be not affected by the brand new regime both. Lastly, an necessary clarification: those that are already retired are in fact outdoors the reform.
The query that everybody is asking and that worries a number of French individuals: will pensions go down?
This isn’t the said goal of the federal government. Nevertheless, with a yield 5.5% decrease than that of present plans, the fee / profit ratio is deteriorating, and it appears apparent that the buying energy of retirees will lower. It’s mathematical.
It’s the technique of calculation within the factors system that can assure, in accordance with the federal government, the quantity of pensions. What is that this calculation?
Every year, because of your contributions, you’ll purchase retirement factors. Your retirement will probably be equal to the variety of factors acquired throughout your profession, multiplied by the service worth of the purpose. This service worth can not lower. However however, the mission doesn’t assure that the ratio between the service worth of the purpose and its buy worth will probably be fixed. Briefly, the danger is that the acquisition worth of the purpose will increase sooner than the service worth and that the yield deteriorates over time.
A topic that was little talked about within the context of the reform: survivor's pensions within the occasion of the demise of the insured. Will there be a change?
Sure, the tactic of calculating survivor's pensions and the situations for granting them will probably be harmonized. There will probably be no means check, however a 2-year marriage situation, if the couple has no kids. As well as, the survivor can solely obtain it from the age of 55. If he’s youthful when his partner dies, he must wait to the touch her.
Lastly, the quantity of the survivor's pension will rely on the quantity of the survivor's pension, for the reason that sum of his retirement and the survivor's pension shouldn’t exceed 70% of the couple's pensions. However once more, don't panic. These adjustments don’t have an effect on present retirees, nor the spouses of these whose retirement will probably be calculated in accordance with the principles of the present system.
