Staggered retirement: how much can you expect to earn with this end-of-career plan?

Staggered retirement: how much can you expect to earn with this end-of-career plan?

Progressive retirement allows employees to work part-time, while receiving part of their basic and supplementary pension, from the age of 60. We take stock of who can benefit from it and to what extent.

Do you want to retire without problems? Phased retirement is for you. It allows the employee to work part-time, while receiving part of his basic and complementary pension. explanations.

At what age can this device be accessed?

From the age of 60. The worker continues to acquire pension rights during the period of reduced activity, taken into account in the calculation of his final retirement.

Who can claim it?

Employees, those with a day package since January, and the self-employed are eligible.

To take advantage of progressive retirement, you must prove at least 150 quarters of validated insurance in all mandatory retirement regimes, and reduce professional activity to a period of between 40% and 80% of the legal or conventional working day, remember the Carsat. .

How is staggered retirement calculated?

To determine the amount of your progressive retirement, a provisional retirement is calculated based on your rights at the time of your request.

Provisional retirement is calculated according to the same rules as a final retirement based on your number of quarters of retirement insurance and your average salary during your best 25 years.

The part of your provisional pension that is paid to you is equal to the difference between 100% and your part-time or reduced-time work.

For example, part-time or reduced to 65% entitles you to 35% of your provisional retirement, specifies the website of the Civil Service. To your calculators!

An example to understand

Sylvie was born in 1961. She will be 60 in 2021 and wants to work 75% of her full time. She adds 156 quarters of retirement (of the 168 necessary for the full rate). Her average annual salary (SAM) is €32,000 and she has accumulated 6,000 Agirc-Arrco points for the supplementary pension. Her current monthly salary is €3,500. She decides to resort to phased retirement.

You will receive 75% of your salary and 25% of your retirement pension:

  • your monthly salary will be 3,500 x 75% = €2,625;
  • your monthly pension will be €1,613.42 (see calculations below) x 25% ≈ €403.36.

In total, Sylvie’s monthly income will be 2,625 + 403.36 = €3,028.36. Progressive retirement therefore makes it possible to cushion a large part of the drop in income caused by the reduction in her working time, for example Retreat at sight on your site.

What are the advantages ?

You continue to contribute towards your retirement as long as you work part-time. When you request your definitive retirement, the amount will be recalculated taking into account these contributions.

Subject to the agreement of your employer, you can also contribute to the pension on the basis of full-time salary for your part-time activity. This allows you to obtain a pension of an amount identical to what you would have received working full time.

How long can you benefit from it?

Progressive retirement is paid to you for at least one year, even if your part-time contract is modified during this year (but you must respect the minimum of 40% and the maximum of 80%). Then you can be reviewed for a period of one year if you change your contract. If you cease your activity part-time and resume it full-time, progressive retirement is cancelled.
During the progressive retirement service, you are asked each year about the duration of your part-time activity.

As a reminder, the transition from phased retirement to full retirement is not automatic. You must notify Carsat and complete a form called a “personal withdrawal request.” His full pension is then recalculated taking into account, in addition, the wages, and therefore the additional quarters, of his part-time activity.

And the complementary Agirc-Arrco?

The conditions to be met and the calculation methods are the same as in the basic plan, except for one detail. If you are missing quarters, your fringe benefits will be reduced by a specific reduction rate for progressive retirement

How to apply?

The application cannot be made online. You must use the Cerfa form 50298*07, which can be downloaded from www.lassuranceretraite.fr.

Carsat specifies that in addition to the application for progressive retirement, you must attach a photocopy of your part-time employment contract (contract in force at the start date of your progressive retirement), a sworn statement certifying that you have no other activity than part-time and, finally, a certificate from your employer specifying the legal working hours in your company.

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