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What age can you retire ?

 

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The legal retirement age: 62 years

The legal retirement age for employees of the general scheme, i.e. private sector employees, is now 62 years for persons born from 1955 onwards and varies between 60 and 62 years for persons born before 1955.

This is the minimum age at which you can apply for a retirement pension. Check the table below to see at what age you can retire.

Note: the reform of the pension system is scheduled for the second half of 2019. Changes are likely to occur.

You were born…
Legal retirement age
Before July 1951
60 years
Between July and December 1951
60 years 4 months
1952 60 years 9 months
1953 61 years 2 months
1954 61 years 7 months
1955 or later
62 years

The legal retirement age: 62 years

The legal retirement age for employees of the general scheme, i.e. private sector employees, is now 62 years for persons born from 1955 onwards and varies between 60 and 62 years for persons born before 1955.

This is the minimum age at which you can apply for a retirement pension. Check the table below to see at what age you can retire.

Note: the reform of the pension system is scheduled for the second half of 2019. Changes are likely to occur.

You were born…
Before July 1951
Legal retirement age
60 years
You were born…
Between July and December 1951
Legal retirement age
60 years 4 months
You were born…
1952
Legal retirement age
60 years 9 months
You were born…
1953
Legal retirement age
61 years 2 months
You were born…
1954
Legal retirement age
61 years 7 months
You were born…
1955 or later
Legal retirement age
62 years

ATTENTION: reaching the legal retirement age does not always mean you will be entitled to a full rate pension! You must have validated a certain number of quarters. If you have quarters which are not accounted for in your personal history you may receive a décote (reduction) on your pension.

Can I retire before the legal age of 62 years?

There are exceptions which allow some people to leave the workforce before 62 years :

  • People who started working at a very young age: early retirement for a long career
  • Employees whose work deemed strenuous: credits accumulated on their professional prevention account can, under certain conditions, be converted into quarters
  • People with disabilities
  • People who suffer from  a permanent disability due to their professional activity

 

In addition to these special cases, it is also possible to opt for gradual retirement, from the age of 60 onwards, provided that 150 quarters are gathered. This plan allows you to receive part of your pension while working part-time.

If you do not fall into one of these categories and you want to retire before the legal age, you will suffer a reduction in the amount of the pension you will receive later. Depending on your status you must ensure that your resources are organised to fund the time between stopping work and receiving your pension and, especially that your health insurance and health insurance coverage are more comprehensive.

Retirement age to receive a full pension

The legal retirement age is a minimum age. If you do not meet the conditions for a full rate pension, you can postpone your departure date until you reach the automatic full rate age. For employees in the general scheme, this age is set between 65 and 67 years depending on the year of birth (and certain specific situations).
You were born... Legal full pension retirement age
Before July 1951
65 years
Between July and December 1951
65 years 4 months
1952 65 years 9 months
1953 66 years 2 months
1954 66 years 7 months
1955 or later
67 years

Retirement age to receive a full pension

The legal retirement age is a minimum age. If you do not meet the conditions for a full rate pension, you can postpone your departure date until you reach the automatic full rate age. For employees in the general scheme, this age is set between 65 and 67 years depending on the year of birth (and certain specific situations).
You were born... Before July 1951
Legal full pension retirement age
65 years
You were born... Between July and December 1951
Legal full pension retirement age
65 years 4 months
You were born... 1952
Legal full pension retirement age
65 years 9 months
You were born... 1953
Legal full pension retirement age
66 years 2 months
You were born... 1954
Legal full pension retirement age
66 years 7 months
You were born... 1955 or later
Legal full pension retirement age
67 years

The full rate is 50% of the average of the best 25 years of earnings for general plan employees. Note that this rate is only one element in calculating your retirement.

The equation used is as follows :

Average annual salary multiplied by Pension rate multiplied by open brackets Length of insurance under general social security regime divided by Reference period to obtain a full pension close brackets.

Also, even after age 67, the duration of insurance - i.e. the number of validated quarters - is taken into account to define the amount of your pension.

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