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Pension reform: the retirement age of 64 retained with an extension of the contribution period


Two scenarios were on the table: a postponement of the starting age to 65 or a postponement to 64 accompanied by an acceleration of the extension

It was one of the most anticipated arbitrations on the subject.

This Tuesday, the Prime Minister, Elisabeth Borne, unveiled the main lines of the pension reform during a press conference.

The government has decided to retain a starting age of 64 years, by 2030, against 62 years today.

This postponement will take place at the rate of three months per year in order to reach the age of 64 for people born from 1968.

A change that will start from September 1, 2023. The legal retirement age will therefore be set at 63 years and 3 months in 2027 at the end of the five-year term, then will reach the target of 64 years in 2030.

“The age for canceling the discount will not change,” said Elisabeth Borne.

He will therefore remain at 67 years old.

People retiring at this age will benefit from the full rate, even without having validated the required insurance period.

The 65-year-old scenario ruled out

This decline is accompanied by an acceleration of the timetable for the previous reform on the subject, called Touraine, named after the Minister of Health at the time.

Clearly, the contribution period will be extended: from 2027 - against 2035 in the Touraine reform - you will have to have worked 43 years, or 172 quarters, to obtain a full pension.

Another scenario was on the table - but it was finally ruled out: that of postponing the retirement age to 65.

“These 65 years have never been an end in themselves.

We looked at the different hypotheses that could strike the balance,” explained the Prime Minister.

“I want to underline it, with a legal age of 64 in 2030 and 43 years of contribution, our distribution system will then be in balance”, she still assured.

A choice that should allow the government to offer the support of LRs to the National Assembly.

Source: leparis

All business articles on 2023-01-10

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