Paris (AFP)
More and more French people are liquidating their pension with a discount, applied to more than 10% of new retirees in 2018 and even more in the first nine months of 2019, according to the National Old Age Insurance Fund (Cnav).
In 2018, 10.6% of "direct entitlement pensions (were) awarded with a reduced rate", specifies the Cnav in its newsletter Cadrage published on Tuesday.
Without having contributed long enough to reach the "full rate", these ex-active workers left with a discount of 12.2 quarters on average (10.1 for men, 13.5 for women) and a reduced pension in proportion.
The share of "decoters" among new retirees in the general scheme has thus doubled since 2006, when it was only 5.3%, according to Drees.
Its increase has accelerated in recent years, at the rate of about one point per year: 7.8% in 2015, 8.7% in 2016, 9.8% in 2017 and therefore 10.6% in 2018.
The trend continued in 2019, with 11.7% of "reduced rate pensions" from January to September, according to the Cnav.
The contribution period for a full-rate retirement has been extended several times since 1993, going from 150 quarters (37.5 years) to 166 quarters (41 years and 6 months) in 2019, with a target of 172 quarters (43 years) in 2035.
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