Pension reform: what the transition to 64 would change for you


Emmanuel Macron clings to his reform and wants to push back the legal retirement age to 65 by 2031-2032. The consultations will continue until January 6, 2022, before a presentation on January 10. The shift would be made gradually at the rate of four more months per year and would apply from the summer of 2023. With a first generation concerned which would be that born in 1961.

The alternative was submitted by the senators, who propose gradually pushing back the retirement age by three months per year, to reach 64 from the 1967 generation. At the same time, the acceleration of the Touraine reform timetable betting on an extension of the contribution period with 43 years required from the 1967 generation and not with the 1973 generation as initially planned. The reform would apply from January 2024.

Whatever scenario is chosen, the reform would affect all categories of workers who will have to work longer. Whether you are a man or a woman, with a complete or incomplete career, future beneficiary of a long career or early retirement scheme, private sector employee, civil servant or beneficiary of a special scheme, the efforts will affect all cases. The number of assets concerned is approximately one million.

In this case, for a person who has validated his quarters at 62 years old (i.e. between 167 and 170 quarters required) with a full career, he will have to work almost two years longer if he is from the 1966 generation, almost 2 years and a half additional for the 1969 or 1975 generations.

With the other scenario, at age 64, they would respectively have five, ten and seven months less to stay in the workforce. For special regimes (RATP, Police, SNCF, etc.), the legal age, which ranges from 52 to 57, would be gradually pushed back by 3 years.

The match of the savings made by 2030 is almost nil, whether for a departure at 64 or 65 and a contribution period of 43 years, the returns at stake are almost the same, at nearly 1 billion by 2030: 18 billion against 17 billion.

Then, of course, the advantage turns in favor of the age of 65, which pays significantly more, with 32.8 billion in savings in 2035 against 22.1 billion. There remains the maintenance of the departure at 62 years for the disabled or invalids, an important financial stake, of the order of 2 to 3 billion additional euros.