The pension reform came into effect on September 1, 2023. The minimum contribution amount (Mico) was increased to a maximum of 100 euros depending on the retiree’s career. 15,000 retirees were able to benefit from an additional 30 euros per month. Those who had already retired were able to get an average of 50 euros. But this concerns only 500,000 retirees. 700,000 other retirees are still waiting. The increase should last until September 2024. And good news for latecomers, they will then be able to benefit with retrospective effect till September 1, 2023, clarifies. capital city.
Increasing trigger threshold
The resource limit to receive Mico was re-evaluated last September and then re-evaluated at +3.4% on January 1, 2024. It reaches 876.13 euros per month for the increased Mico, i.e. those who have contributed enough quarters for the benefit. Full pension. The reduction is 733.03 euros for those who have contributed less than 120 quarters.
Another change in 2024, the threshold to trigger mico, which is indexed to the evolution of the minimum wage, has increased to 57.76 euros per month. Thus, to receive the minimum contribution amount, the total pension (basic and supplementary) must not exceed 1,367.51 euros per month.
A system to support the most common retirees
Other developments are expected, our colleagues clarify. It concerns the Agirc-Arrco supplementary pension for private sector employees. There is currently no system that allows you to receive minimum retirement points in case of low income during your working career. Points are awarded based on contribution. Discussions are ongoing between employers and unions. They want to set up a system to support the most modest retirees. A meeting has been planned on February 22.
From March 1, the Agirc-Arrco supplementary retirement pension will be adjusted according to the new income limit corresponding to the deduction of Common Social Contribution (CSG). This concerns 13.3 million private sector retirees who will see their retirement pensions increase or decrease.
