what to really have right now their recipients ?
Your rights will not be calculated in quarters but with dots, as is already the case for some plans, such as the supplementary pension of the Agirc-Arrco (ex-employees in the private sector). “Each hour worked will be eligible for points”, could we read it in the original bill. Points of solidarity will be awarded for periods of inactivity sustained : unemployment benefit, sickness, disability and maternity. How does one gain these famous points ? A contribution rate single – with the exception of the independent – had to be put in place to 28,12% up to 120 000 euros of annual income, and then an assessment of non-creative rights to 2,81%. Finally, the whole career will be taken into account, and not the last six months for officials and the 25 best years for the employees.
In fact, two values must co-exist : the purchase value (the amount that you must contribute for the purchase of a retirement point) and the service value (the amount by which you must multiply the number of points acquired during your career to get the amount of your pension). In the bill, it was written that “the acquisition value of the points will be fixed each year by the Board of directors of the Fund, national pension universal”. Same goes for the value of service. “The value of the point will not be able to turn down, this golden rule is enshrined in article 55 of the draft law,” complete the text, indicating the value will be indexed to wages, and not on the rate of inflation. Remains to be seen what will be the indicator, the secretary of State has recognised in the commission that such a tool does not yet exist.
what is the age of the pivot of the pension reform ?
It is one of the ideas put forward in the report Delevoye, unveiled just over a year ago. Very concretely, it involves the creation of a system of bonus malus . An insured person who prior to this terminal age would see his pension affected by a discount. “Upon the entry into application of the system of universal retirement, they [the discount and premium] will be fixed by decree 5 % per year (up to 0.42 % per month) as the current rate of discount and premium”, could we read in the bill.
It was originally to create an age of equilibrium as early as 2022 for the generation born in 1960 to 62 years and four months, to raise it gradually until you reach 64 years in 2027 for the generation born in 1965. The idea has led to a surge in the CGT, generating a real arm-wrestle with the executive in the beginning of the year 2020. The idea of a measure of age (to lengthen the duration of the contribution via an acceleration of the reform Touraine or create an age of balance) was not completely ruled out, as it was discussed in the framework of the conference of funding, postponed indefinitely because of the health crisis.
The draft law provided for the establishment of an age of balance in the future system, as soon 2037 for the generation of 1975. The impact study suggested then set it in a first-time 65 years, for an insured person who is entered in the active life at the age of 22 and who has “validated all his life four quarters per year, which is 43 years” (of years of contributions required in the framework of the reform Touraine). To complete a full career, it will be necessary to validate 516 months in the future system. And after ? Age pivot would increase by one month per generation, if one follows the assumption of the Insee, according to which life expectancy has increased by one and a half months per year. He might as well reach 67 years of age for the generation born in 1999 . The projections of the impact study must be taken with caution, as they depend on the life expectancy. However, this is far from being as linear as we think.
2020, 2021 or 2022… What is the timetable for the reform of the pension ?
This is still the great unknown in the context of the health crisis, especially as the president of the Republic does not seem to decided to put the subject on the carpet in the immediate future, as the folder is potentially explosive. The consultation on the pensions have been pushed back several months . In the summer, Jean Castex had reported to the social partners that he was going to seize the advisory Board of pensions, in order to obtain a new evaluation of the financial situation of pension plans. This assessment was made in mid-October, and the annual report was made at the end of November. However, the executive is far failed to reveal any timetable.
In its initial reform, the government seeks the creation of a pension system is universal, by distribution and by points (read more below). It involves the disappearance of the 42 existing pension systems. A site of magnitude, which implies very long transition periods. Several elements should be put in place quickly. Here are the key dates that were planned in the original project :
December 1, 2020 : implementation of the governance of the future system. January 2021 : first wage increases for teachers. January 1, 2022 : implementation of the new system for the to
