Despite its cost for public finances (1.6 billion in 2026), this promise from Emmanuel Macron to have pension reform accepted risks leaving many French people wanting more.
To pass the pill of raising the starting age from 62 to 64 years, the Head of State committed to ensuring that a person who had worked their entire career in the private sector while being paid the minimum wage would receive a minimum pension equal to 85% of the net minimum wage, or 1,200 euros at the time of the reform.
An objective achieved thanks to the revaluation of 100 euros, to 876 euros monthly, of the minimum contributory amount (Mico) - this bonus created in 1983 in order to give a “boost” to the small pensions of private sector employees, self-employed and agricultural employees.
Note that the other schemes also have their minimum pensions: guaranteed minimum (Miga) for civil servants and increased reference pension (PMR) for non-agricultural employees.
Also read: Pension reform: will you lose?
Result, out of more than 630,000 people retiring…
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