In France, there are three levels of social protection that coexist in terms of pensions. You can thus find the basic pension, the complementary pension, also called additional pension, as well as the supplementary pension. The basic pension corresponds to the first level of pensions: it is paid by the pension funds to which the insured person was affiliated. Here are all the details you need to know about the basic pension.
The basic pension refers to the first level retirement pension, which is mandatory. It is thus perceived by any individual who has exercised a professional activity or who has been affiliated to one or more pension funds. The total basic retirement pension corresponds to the addition of all the pensions obtained for each basic retirement scheme into which the insured has contributed during his professional life. To apply for your basic retirement pension, you must contact your pension funds directly.
Depending on your professional activity, you are affiliated with one or more pension schemes. You have also contributed to the pension fund of this or these plans. When you choose to retire, you request the liquidation of your rights. The calculation of your retirement pension therefore depends on several parameters such as the reference income, the rate of liquidation or the duration of insurance. It is revalued once a year according to a rate set by the public authorities. This reassessment is set for October 1st.
