How Much Social Security Will I Get At Age 65?

Social Security

If you were born after June 30, 1951, and you do not yet have the required number of quarters, you can request to benefit, by way of derogation, from maintaining automatic full-rate retirement at age 65, provided that you are in one of the following situations: You were born between July 1, 1951, and December 31, 1955, and have had or raised at least 3 children. In order to devote yourself to the education of at least one of them, you have interrupted or reduced your professional activity and validated as such at least 8 quarters of pension insurance ;

  • You have interrupted your professional activity, for at least 30 consecutive months, as a family carer or a third person with a disabled person receiving the compensatory allowance for a third person at the rate of 80%;
  • You have been, for at least 30 months, an employee or family carer of your child beneficiary of the disability compensation benefit (PCH);
  • You benefit from the status of disabled insured with a permanent disability rate greater than 50%;
  • You are the parent of a disabled child entitled to the disabled child’s education allowance (AEEH) or the person who has assumed his responsibility and you have benefited, as such, from at least one-quarter of insurance free old age.

Retirement age: full rate from the legal retirement age (60 – 62 years) with the number of quarters required

If you are not yet at the age of the full automatic rate but have reached the legal retirement age (i.e. between 60 and 62 depending on your year of birth), you can also retire with a full rate, provided you have accumulated a sufficient number of quarters. The number of quarters required to benefit from a full pension is set each year on the occasion of the 56th birthday of the insured persons concerned. Consequently, the number of quarters required for people born in 1956 will be known during the year 2012. And so on for those born from 1957.

Retirement age: full rate from the legal retirement age (60 – 62 years) without the required number of quarters

If you have reached the legal retirement age (between 60 and 62 depending on your date of birth) and you have not yet accumulated the required number of quarters, you can also claim a full-rate pension, provided that you are in one of the following situations:

  • you are recognized as unfit for work with a degree of incapacity equal to or greater than 50%;
  • you are a beneficiary of a retirement pension after having been a beneficiary of a disability pension;
  • you are a mother who has raised at least 3 children under the age of 16 and you have been employed for at least 30 years and have worked as a manual worker for at least 5 years over the past 15 years;
  • you are a veteran or prisoner of war, former deportee or internee and you meet the conditions of the length of service or captivity.

Early retirement age: full rate before the legal age (60 – 62 years old)

In certain specific situations, you can even retire at a full rate before the legal retirement age. This is referred to as full-rate early retirement. 

This, although modified at the margin by the law of November 9, 2010, continues to apply to the policyholders concerned after the entry into force of the latter. 

You can therefore claim early retirement at the full rate when you find yourself in one of the following situations (non-exhaustive list):

  • You started working before the age of 18 and you have a period of insurance that is at least 8 quarters longer than that required for a full automatic pension;
  • You have the status of the disabled insured person with a permanent disability rate equal to or greater than 80% or that of a disabled worker and you can justify, in both cases, a minimum period of old-age insurance;
  • You suffer from permanent incapacity at least equal to 20%, following an occupational disease or an accident at work resulting in injuries identical to those compensated for occupational disease;
  • You have a permanent incapacity of between 10 and 20% and you can prove that your incapacity is due to your exposure to certain occupational risk factors for at least 17 years, knowing that this causal link must have been validated by a multidisciplinary committee.

How is the amount of the basic pension calculated?

The amount of the retirement pension is determined on the basis of three parameters:    

  • the average annual salary (SAM) calculated on his 25 best years (for insured persons born from 1948)
  • the rate, with a maximum of 50%, determined on the basis of the total duration of his career and his period of insurance under the general scheme
  • the duration of insurance under the general scheme (RG), expressed invalidated quarters. To find out how many quarters to validate, see our article

Additional benefits (for example, an increase for 3 or more children) may increase the amount of the pension. Moreover, the pension paid cannot be lower or higher than a certain amount.

By aamritri

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