With the pension reform that has just been adopted, future retirees will have to work until the age of 64 instead of 62. However, to benefit from a full pension, it is still necessary to obtain a certain number of quarters of contributions. Indeed, if you have not managed to meet this minimum number of quarters, your retirement will be subject to a discount. For a full rate pension, it will therefore be necessary to reach the age of 67, the age of the automatic full rate. Find out what your retirement rate will be based on the number of quarters you are missing.
To calculate your retirement pension, several parameters come into play. Your average annual income is thus calculated on the basis of your best 25 years of career. The liquidation rate is, for its part, affected by a reduction coefficient determined according to the number of missing quarters. The minimum rate is therefore set at 37.5%. Finally, the duration of insurance and periods recognized as equivalent help to decide the rate of payment of the pension between the legal retirement age and the age of automatic attribution of the full rate. Today, the required insurance period is estimated at 172 quarters for policyholders born from 1973.
In the event that you request the liquidation of your pension without having the required insurance period, you will automatically have to suffer a discount on the total amount of your pension. To calculate the discount, it is necessary to know the number of your missing quarters. When the number of missing quarters is determined, a reduction coefficient applies: it is set according to your year of birth. The discount rate is then equal to the number of missing quarters multiplied by the reduction coefficient according to the following formula: reduced pension rate = pension rate – (reduction coefficient x number of missing quarters).
Discover, in our slideshow, what will be the rate of your retirement according to the number of quarters you are missing.
