Retirement: is the discount final?

When you retire, you can claim two pensions: a retirement pension from Social Security pension insurance, also called basic pension, and a pension from Agirc-Arrco, called additoinal. In order to obtain your basic pension at the full rate, it is essential to meet several necessary conditions, otherwise a discount will be applied to you. Is this final?

Two main scenarios allow you to obtain your full pension. Initially, you can retire at the legal retirement age, raised to 64 as part of the pension reform, and benefit from the full rate if you can justify the required number of quarters. This currently stands at 43 annuities. You can also benefit from the full rate, without any insurance conditions, if you retire at the age set for the full rate, i.e. 67 years old. In these two contexts, no discount will be applied to you.

The amount of your basic retirement pension is directly correlated to the average of your gross salaries for your best 25 years. However, if you retire before age 67 without having contributed the required number of quarters, the 50% rate provided for the full rate is reduced by 0.625 per missing quarter. Within the framework of the supplementary pension, there are two types of reduction: a permanent one and a temporary one. The definitive reduction thus applies when the insured has not fulfilled the conditions for opening rights to the full rate. The temporary reduction of 10% is applied for three years to the amount of the supplementary retirement allowance.