Accumulation of employment and retirement: in which cases can you continue to work?

Thanks to the combination of employment and retirement, some can receive a salary in addition to their pension. What are the conditions ?

For some people, retirement is synonymous with a well-deserved rest . But others feel the need to return to work, to supplement their pension . Thus, in 2019, more than 3% of retirees had had a professional activity. This practice, which is called 'cumulation of employment and retirement', however, involves respect different conditions . With its new reform, the government intends to make the employment of seniors a priority. Thus, the rules that frame return to work after retirement should ease in the coming months. In the meantime, the Foozine team offers you a small summary.

Accumulation of employment and retirement: pay attention to the conditions in force

In France, the older ones can count on a fairly solid protection system to live after the end of their career. And for some, combining employment and retirement represents a great opportunity to supplement their income.

According to the Ministry of the Interior , “Any retiree of the Retirement Insurance of the General Social Security Scheme may resume or continue a professional activity. » Nevertheless, the government also indicates that the accumulation of employment and retirement must be done ' under certain conditions. »

First of all, remember that to receive his basic pension, a worker must stop working . But he can pursue other occupations:

• Activities affiliated with pension plans abroad.
• Volunteering
• scientific and literary activities.
• Jobs that entitle you to housing.

Apart from these activities, we speak of cumulation of employment and retirement. In this case, care should be taken to follow certain rules .

Opt for capped or full accumulation?

If you want to resume work, and benefit from a full employment-retirement combination , here are the two criteria to be fulfilled.

• Getting all of your pensions (basic scheme and supplementary pensions) .
• Be entitled to a full pension. According to social Security , there are two ways to get it. » From the age of obtaining retirement at the maximum rate (also called retirement at 'full rate', 67 years for people born in 1955 or later). Or as soon as you are both 62 years old and have the insurance period necessary to obtain a pension at the maximum rate. »

If you meet these two conditions, you can benefit from combined employment and retirement , and resume an activity at the end of your career.

in revenge, if you do not meet these criteria , you will be able to work again, but with more constraints. This practice is known as capped combined employment and retirement. By combining your pension and your salary, you must not exceed certain amounts :

• Average earned income the last three months of your career.

• Or, an amount set at 1.6 times the SMIC level.

The ceiling retained remains the most advantageous for the pensioner. Nevertheless, if the income obtained within the framework of the accumulation of employment and retirement exceeds this limit, the government specifies that the pension will be reduced . And this 'according to the amount of the excess' .

In some cases, it is also necessary to provide a waiting period before resuming your professional activity , after retirement. if you change employers, you can work immediately. But if you continue your activity in the same company, you will have to interrupt you, for a period of six months . Finally, the pension insurance reminds you that you must inform your pension fund as soon as possible. In other words, you have one month to » send all the information and supporting documents relating to this recovery. »

Source : TF1