Retirement : the French depart later but with a better pension

The retirees enjoy higher pensions, but stop working later than their elders. This is one of the lessons of the last edition of panorama devoted to the retreats

Retirement : the French depart later but with a better pension

The retirees enjoy higher pensions, but stop working later than their elders. This is one of the lessons of the last edition of panorama devoted to the retreats and published by the directorate of research, studies, evaluation and statistics (DREES), attached to the ministry of Health.

● 16,16 million pensioners in France

by the End of 2017, the various French schemes have been paying a pension direct right at 16.16 million people, of which only a small portion was living abroad. Holders of a retirement pension of the secondary law, on the other hand, were $ 4.4 million, all schemes combined. 88% of them were women, and 1.06 million of them were only a derivative right, such as retirement pension.

The number of retirees from law direct has increased 108.000 people in 2017, a growth that remains high (0.7 per cent) but less important than in recent years (+186.000 average between 2010-2015 and +364.000 between 2006 and 2010 of 2.6%). According to Drees, this increase is mainly explained by the pension reform of 2014, as well as by the easing of the conditions of early departure for a long career.

" frameborder="0" scrolling="no" style="border:0;"> "women are the majority among the beneficiaries a direct right because a longer life expectancy: their share has increased in recent years, rising from 50.8% in 2004 to 52.2% in 2017. Retirees do not have to share not also on the territory: the share of retirees over 55 years of age in the population varies according to the departments, ranging from 14% (Seine-Saint-Denis) to over 32% in some departments of the centre of the country.

● age 62 and one month: the age of retirement continues to decline

Confirming the trend observed since 2010, the age at which French people retire continues to decline: it is established, by 2017, at age 62 and 1 month on average. Since 2010, he has thus increased by 1 year and 7 months, an increase that Drees charges for one quarter to the decrease in departures due to retirement before age 60. The reform of the rules of the accumulated employment-retirement has also been able to play in favour of a decline, pushing the employees to extend their career "in the framework of the premium".

The men and women liquidate their pension rights at different ages: - hit careers more fragmented, and lower wages, the women leave as late as 62 years and 4 months, when their male counterparts continue to work to 61 years and 9 months. This gap diminishes, however: established 18 months for the generations born between 1930 and 1935, it amounted to only 10 months for those born in the 1940s.

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It is logical to observe an increase in the number of quarters enrolled in the system, increased from 116 quarters (or 29) for the generation born in 1936, 131 quarters (a little less than 33 years) to that of 1950. The men contribute longer hours than women but the gap is reduced to 39 quarters for the generation of 1932 to 32 quarters for those born in 1950.

● An average pension of 1381 euros gross monthly

by the End of 2017, all plans combined, the average amount of the pension gross direct right for retirees living in France and abroad amounted to 1422 euros gross and 1331 euros net. In total, these data are equivalent to an increase of the pension gross of 2.1% between end-2016 and end-2017, a rate slightly above inflation (1.2 per cent). Out supplement for children, the average pension gross direct right was € 1381 euros gross per month.

For the Drees, this good news is mainly caused by two factors. On the one hand, of "new retirees with careers are more favourable and pensions in average, higher" came to swell the numbers, when retirees older receiving pension less important are deceased during the year. This double movement, called the "effect of noria", has led to the average pension increase. On the other hand, basic pensions have been revalued 0.8%, "according to the inflation experienced", participant of this growth.

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high levels Of inequality can be identified between the pension according to the sexes: "the average pension for women is less than 42% that of men", note the authors. A retired male living in France collects and 1933 euros on average, while a woman touches 1123 euro. Positive Point: this gap is decreasing slowly but surely for the past few years compared to over 50% in 2004. The survivors ' pensions come to mitigate this gap to 29%, without the cancel, however. The presence of more numbers of women on the labour market, as well as their tendency more and more mass to make a complete career have supported this growth.

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In addition, the pensions vary significantly: 31% of pensioners - almost one in four women and one quarter of men - receive a total pension of less than or equal to 1000 euros gross per month. Conversely, 7% of them receive more than 3000 euros gross per month.

● An increasing standard of living

More generally, pensioners have a "median standard of living [...] that is slightly higher than the overall population": indeed, they have often income from assets is higher than the rest of the French, and no longer have children to support. In fact, 6.6 percent of them are poor, a figure that is two times lower than for the population as a whole. "The median standard of living of pensioners living in metropolitan France amounted to 21.930 € (about 1830 euros per month", above the national average, set it to "20.520 euros a year, or about 1710 euros monthly.

Lastly, the pensioners will touch less depending on their place of residence. If the average amount of pensions varies little between the departments of metropolis outside the region francilienne, the pensions in paris are much higher (+40%) than the national average, when they are less high in the Massif central and in the north of the country.

Updated Date: 09 June 2019, 00:00

Kathleen Lees


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