How much do retired French MPs earn? In the midst of a protest against the pension reform, which wishes to push back the retirement age to 64 by 2030, and which should soon be submitted to Parliament, one can wonder about the pensions affected by the deputies themselves. Deputies and senators are automatically affiliated to special schemes created in 1904 and 1905 respectively. by the Office of the National Assembly and entered into force on January 1, 2018.
Currently, “the pension is calculated in proportion to the annuities acquired, within the limit of a ceiling fixed for the year 2023 at 42 annuities, this ceiling evolving gradually until 2033 to reach 43 annuities”. “This is perceived, at the earliest, at 62 years old, that is to say the age of common law”, according to the site of the National Assembly. In fact, they retire more between the ages of 65 and 70.
If they are aligned with the system of the public service, these elected representatives of the Nation depend however on the system of the deputies of the National Assembly. Since the 2018 reform, after 5 years in office, the net amount of the MPs’ pension amounts to 684 euros per month (2023 value). Since January 1, 2020, according to the Assembly’s website, elected officials have contributed at the rate of 10.85% on their parliamentary allowance, or around 770 euros per month.
After two terms in the Assembly, deputies can therefore claim a monthly retirement pension of 1,368 euros. An amount which is actually higher than those received by all French people who benefit, according to the Department of Research, Studies, Evaluation and Statistics (DREES) in its 2022 report “Retirees and pensions”, a pension of 1,400 euros net on average for their entire career.
As Public Senate reports, in the National Assembly, the various pension reforms have also been applied to the retirement pension scheme for deputies. In 2019, the average pension of a deputy was 2,675 euros net per month. According to the latest reform applied since 1 January 2018, the pension scheme for MPs has been aligned with that of the civil service. As a reminder, this is why “for a contribution mandate, open pension rights increased from 1,053 to 664 euros in 2018”. Already in 2019, Jean-Paul Delevoye assured that the pension reform should lead to “the end of parliamentary regimes”.
Concerning the European deputies, who sit in the Parliament of Strasbourg, it should be known that these elected officials have the right to liquidate their rights to retirement at the age of 63, according to the site of the Parliament. Their pension amounts to an amount of 3.5% of their remuneration (approximately 7,300 euros net monthly in 2022) for each full year of office, within the limit of 70%. A cost of retired MEPs which is included in the European Union budget.