If, at the legal retirement age, you have not validated the required number of quarters and decide to apply for your pension, you should be aware that the rate at which your pension is calculated will be permanently reduced. This is called the décote.
The discount depends not only on your age and insurance period at the date of your application for retirement, but also on your year of birth (the reduction coefficient per missing quarter differs according to this date).
Please note: The draft universal pension scheme bill may change these retirement regulations. This content remains valid until the bill becomes law.
Calculation of the retirement décote (reduction)
The retirement décote (reduction)is determined by multiplying the number of missing quarters to qualify for the full rate by the reduction coefficient per missing quarter (variable according to your year of birth).
For example, if you were born in 1956 and choose to retire at 62 years of age when you are 6 quarters short of the 166 required, you will suffer a discount of: 6 x 0.625 or 3.75 points. Your pension will then not be calculated at the full rate, set at 50% under the general scheme, but at the reduced rate of 46.25%.
| Year of birth | Diminution per missing quarter |
|---|---|
| Before 1944 | 1.25 |
| 1944 | 1.1875 |
| 1945 | 1.125 |
| 1946 | 1.0625 |
| 1947 | 1 |
| 1948 | 0.9375 |
| 1949 | 0.875 |
| 1950 | 0.8125 |
| 1951 | 0.750 |
| 1952 | 0.6875 |
| After 1952 | 0.625 |
| Year of birth | Before 1944 |
|---|---|
| Diminution per missing quarter | 1.25 |
| Year of birth | 1944 |
| Diminution per missing quarter | 1.1875 |
| Year of birth | 1945 |
| Diminution per missing quarter | 1.125 |
| Year of birth | 1946 |
| Diminution per missing quarter | 1.0625 |
| Year of birth | 1947 |
| Diminution per missing quarter | 1 |
| Year of birth | 1948 |
| Diminution per missing quarter | 0.9375 |
| Year of birth | 1949 |
| Diminution per missing quarter | 0.875 |
| Year of birth | 1950 |
| Diminution per missing quarter | 0.8125 |
| Year of birth | 1951 |
| Diminution per missing quarter | 0.750 |
| Year of birth | 1952 |
| Diminution per missing quarter |
0.6875 |
| Year of birth | After 1952 |
| Diminution per missing quarter |
0.625 |
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