10 MAJOR MEASURES OF THE UNIVERSAL PENSIONS BILL
2022-2025
GRADUAL APPLICATION OF THE REFORM, ACCORDING TO THE GENERATIONS
- Before 1975 : Generations not affected.
- From 1975 to 2003 : Superposition of the old / new regime calculation rules from 2025.
- From 2004 : Generations affected by the new rules from 2022.
POINT ALLOCATION SYSTEM: 1 € CONTRIBUTED MUST GIVE THE SAME RIGHTS FOR ALL
- Rights calculated over the entire career (contribution points and solidarity points, included in a single account).
- Exemptions will remain in certain regimes.
62-64 years
LEGAL DEPARTURE AGE SET AT 62
- Temporary suppression of the parametric equilibrium age (who would turn 64 in 2027) pending the conclusions of the social partners (04/30/2020).
- Early departure maintained and adapted for the long careers, the disabled insured, the hardship , the incapacity , and the disability.
REVENUE LIMIT FOR CONTRIBUTIONS SET AT € 120K GROSS ANNUAL (3 PASS)
- Contribution constituting rights up to 3 PASS.
- Solidarity contribution beyond, from January 2025.
2022
EMPLOYMENT-RETIREMENT TRANSITION FLEXIBILITY
- Progressive retirement extended to executives for a day package since the 1 er January 2022.
- Combination of employment and retirement rights generator for insured persons who have acquired their pension at the legal age and at the full rate.
REVERSION
- 70% couple’s pensions
- Without means test .
- Accessible from 55 years. Marriage duration of 2 years minimum .
- Only for surviving spouses of beneficiary insured fi member of the Universal Regime.
SOLIDARITY
- Minimum pension gradually increased to 85% of the minimum wage for a full career in 2025 .
- Allocation of a number of points, fi nanced by national solidarity, for people in a situation of unemployment, sickness, maternity, invalidity .
FAMILY MAJORATION
- Bonus of 5% granted from the first child and for each child (default for the mother).
- 2% additional for large families (3 children and more) – Default: 1% for the father and 1% for the mother.
- Bonus points awarded in the event of interruption of activity for the education of children.
28.12%
CONTRIBUTION RATE
- 90% contribution creating rights and 10% not creating rights.
- Gradual transition to 10, 15, or 20 years old prescribed by ordinance for officials , some liberal professions and farmers .
- Independent : 28.12% until 1 PASS – 10.13% between 1 and 3 PASS.
SPECIAL DIETS
- Gradual extinction former categorical early departures, on a 15 year period .
THE UNIVERSAL REGIME APPLICATION TIMETABLE
December 2020
- Creation of the National Fund of the Universal Regime and establishment of governance
2022
- Entry into the universal system for insured persons born from 2004
- Easing work-retirement transitions
- Minimum pension
2025
- Entry into the universal system for insured persons born from 1975
- Beginning of age transitions
- Beginning of contribution transitions
THE REGULATORY TIMETABLE OF THE BILL
- January 30 to end of April 2020: Funding conference and negotiations on the modalities for returning the system to equilibrium
Document produced in January 2020 by France-Retraite www.france-retraite.fr