Thanks to phased retirement, you can keep a foothold in active life, while beginning to enjoy certain retirement advantages. Indeed, you continue to work part-time, but you already receive part of your retirement pension. In this context, you therefore continue your contribution and the acquisition of your pension rights until the final liquidation of your pension. What are its rules? How does the fractional pension work?
To receive progressive retirement, you must have reached the age of 60 and managed to accumulate 150 quarters, all mandatory pension plans combined. During your progressive retirement, you will be able to continue to contribute for your permanent retirement and to validate quarters. You will even be able to over-contribute in order to maintain the level of a contribution corresponding to a full-time activity. By working part-time, you will therefore only receive part of your salary, which will be equal to your working time. For 80% work, the same percentage of your salary will be paid.
The pension which is paid during your progressive retirement is calculated according to the basis of the retirement pension received in the event of total liquidation of the rights. The calculation of this pension fraction also takes into account part-time work. Thus, the effective working time must normally be between 40% and 80% of the full time applied in the company. It is therefore not possible for you to work below 40%, nor beyond 80% of this full time. The progressive retirement pension which supplements your salary must therefore be between 20% and 60% of the acquired pension rights.
