Partial claims for entitlements are based on the career the member has accrued up to the date on which their pension through the alternating work-retirement program becomes payable, either on a full-month or on a partial-month basis. The following factors, calculated as of the same date, will apply:
- “TV” (valuation rate for years beyond the member’s best 25): this is calculated based on the member’s age and the time credited to their account as of the date on which their pension through the alternating work-retirement program becomes payable,
- Early-claim, decrease, or rate reduction factor: this is calculated as of the date on which the member’s pension becomes payable,
- The current “IVSC” (Corrected wage variation index, used for entitlement claims) on the date on which the member’s pension becomes payable. The amount of the member’s entitlements will then be updated at the upward adjustment rate for pensions set forth by article R6527-48 of the French transport code,
- Social security ceiling (ceiling for the 1st and 2nd salary brackets as of the date on which the member’s pension through the alternating work-retirement program becomes payable),
- Number of “a” days as set forth by article R6527-40 d of the French transport code.
You can refer to informational guide “Retiring through the alternating work-retirement program (as from January 1st, 2019)”.