Retirement: your retirement age if you are part of the generation after 1973

From now on, people born after 1973 will have to contribute 172 quarters (i.e. 43 years) to have the right to retire. We will explain everything to you.

Since December, the political sphere is in turmoil . In question ? The bill on pension reform . Initially scheduled for December 7, 2022, the presentation of this text by Elisabeth Borne will take place on January 10, at The national assembly . The reasons for this report? The need for the government to dialogue more with the social partners. At the beginning of January, the Prime Minister therefore took the time to receive the trade unions and professional organisations. However, even without this reform, people born after 1973 should expect some changes in their retirement . Here is what awaits you, if you are one of the youngest.

Emmanuel Macron persists and signs

If she meets relative support among the French who are already receiving their retirement, this reform promises to be quite unpopular. Unions such as the CGT and the CFDT thus remain on the defensive to this new bill . And in the street, the challenge of yellow vests already seems ready to ignite even more. But on his side, our President of the Republic again mentioned the age of the end of his career, in the vows pronounced on January 1, 2023.
“This year will indeed be the year of a pension reform that aims to ensure the balance of our system for the years and decades to come. »

However, according to Jérôme Fourquet, expert of the IFOP, this subject is likely to put the government in difficulty . 'Because it is a political subject par excellence that the parties will exploit... But also because all the unions are very opposed to this reform... and that finally, more than 2/3 of the French say they are clearly against it. »

For her part, Elisabeth Borne remains determined, but tempers a little the reproaches addressed by certain commentators on retirement. “I say it clearly: we will not go beyond the 43 years of contribution provided for in the Touraine reform to have a full pension. No one will have to work for 47 or 48 years. The age of cancellation of the discount (…) will not change, it will remain at 67 years old. »

Retirement: the Touraine reform in 2014

You probably know: the reform of the pension system , wanted by Emmanuel Macron , is nothing of a first. In 2014, the government of Manuel Valls had already seen the entry into force of the Touraine reform. Gold this law set the number of quarters assessed at 172 for people born after 1973 . This means that people in this age group will have to justify 43 years of activity career to obtain a full pension.

However, this reform, implemented more than 8 years ago , was meant to be progressive. This implies a gradual increase in the duration of contributions. Also, to see more clearly, we suggest you take stock of your legal retirement age . This depends on your career and the age at which you started contributing.

Leaving at age 65 or earlier

Those who started working younger than the others will have the right to leave at a lower age . This may seem quite right. Indeed, some enter the working life, very everything, while others take the time to do long studies. This situation will therefore give rise to different pension rights .

If your year of birth is 1973 or later, you can expect to retire at age 61. How ? For that you should justify your contributions from the age of 18 . Without a career break, this corresponds to 43 years of work, and thus 172 quarters. This will allow you to receive a full pension. For those who would have started contributing at 19, the retirement age is reduced to 62. Again, this is the time needed to contribute 172 quarters. And this figure does not take into account periods without activities.

Those who started their career at 20 can stop at age 63. They will thus be able receive a full pension , subject to having contributed the required 172 quarters. Unsurprisingly, for people who have contributed since they were 21, the legal age reaches 64 . Again, this applies to people who have not taken a break during their professional career.

Retirement after 65

After secondary education, some young people choose relatively long higher education courses . The goal? Join a specific profession, aim for a better salary or try national competitions. This decision may seem strategic , because it allows you to better prepare for a sometimes very demanding job market.

But doing long studies can also delay the start of your career, and therefore postpone your retirement. To see more clearly, this is the age you can expect to stop working .

Born in 1973 or later, you can retire at age 65, if you have worked full time since you were 22. Here again, this figure does not take into account any career breaks . For those who have pushed up to BAC+5, the professional activity generally does not start until the age of 23. In this case, you will only have contributed your 172 quarters from the age of 66. This is therefore the minimum age required to qualify for a full pension.

Worse, if you had to wait 24 years before join the world of work , you should expect to be able to obtain the full rate only after the age of 67. Indeed, it will take you 43 years of career to accumulate 172 quarters. Finally, if you started contributing at age 25, you could also stop working at age 67. And why so? It is the maximum age required to obtain a full pension .

Whatever your age, keep an eye out for the upcoming pension reform. Indeed, it risks giving rise to interesting discussions in the hemicycle . While the subject may seem distant to some today, it will gain importance as you get older. The government and elected officials must therefore reach a consensus. In all cases, the reform should come into force in the summer of 2023 . In the meantime, let's already wait to discover the bill presented by the Prime Minister.

Source : Planet