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Pensions concern all workers, whether employees or self-employed. He said, pension amount Depends on the number of quarters allowed During career. Despite this, a quarter does not necessarily correspond to 3 months of work. In fact, this number varies depending on the salary received, which itself is proportional to the minimum wage.
So, if the minimum wage increases this year, the threshold for validating the retirement quarter also follows the trend. So, it will be necessary Get more in 2024 to validate additional quarters. What are the implications of this measure? Who are the big losers? We will try to answer these questions in this article.
Minimum wage, income and benchmarks for your retirement
SMIC is the minimum wage that all employees must earn. However, it is also the criterion that determines How many quarters can you validate? For your retirement. In fact, to be entitled to a quarter, you must have earned at least 150 times the total hourly minimum wage.
The problem is that it changes every year. However, the higher it goes, the harder you have to work to qualify for a quarter of retirement. For example, Minimum wage increased by 3.37% In early 2024. Thus, the salary limit for validating a quarter has also increased.
To help you see more clearly, here Summary of Salary Thresholds To validate 4 quarters of retirement in 2024 and 2023:
- 1st quarter: 1747.50 euro gross in 2024 compared to 1690.50 euro in 2023
- 2nd quarter: 3,495 euro gross in 2024 compared to 3,381 euro in 2023
- 3rd quarter: 5,242.50 euro gross in 2024 compared to 5,071.50 euro in 2023
- 4th quarter: 6,990 euro gross in 2024 compared to 6,762 euro in 2023
for Self-employed workersThe amounts are not equal:
- 1st quarter: 310 euros gross compared to 300 euros in 2023
- 2nd quarter: 620 euro gross compared to 600 euro in 2023
- 3rd quarter: 931 euro gross compared to 900 euro in 2023
- 4th quarter: 1241 euro gross compared to 1200 euro in 2023
Note that these figures come from Data from Cnav circulars From December 30, 2022 and January 9, 2024.
Pension: Employees are penalized the most
How does the evolution of the minimum wage affect the pensions of employees depending on their income level? To answer this question, Let’s look at 3 different configurations :
1. Employees who earn more than the minimum wage
If you touch Salary above minimum wage, the change in validity threshold for the quarter of your pension does not affect you. In fact, you will continue to validate your quarters easily without worrying about the minimum threshold.
2. Minimum wages
Increasing recognition levels quarterly It also does not penalize those who earn the minimum wage. for what Quite simply because their salary increased to the minimum wage on January 1, 2024.
3. Precarious workers and students
Those with precarious jobs are the big losers in this story. Indeed, some of their contracts offer salaries higher than the minimum wage, but with fewer working hours. Therefore, they may not reach the required threshold and Allow only 3 quarters on their pension Instead of 4 in a year.
This last scenario actually can reducing their future pension amount.
