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How will my pension be calculated when I claim the remainder of my entitlements?

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The following will occur when you enter full retirement:

  • Your total career length and salaries will be counted toward the pension entitlement in connection with your first partial claim (with no change to the factors listed above),
  • And you will claim the remainder of your entitlements not claimed through the alternating work-retirement program. This will be calculated using the same basis of your total career. When you claim the second portion of your entitlements, the following factors, which are calculated on the date of your claim for this second portion of your entitlements, will apply:
      • “TV” calculated on the effective date for this claim
      • Rate reduction, calculated on this same date
      • Current “IVSC” on the effective date for this claim
      • Social Security ceiling
      • Number of “a” days as set forth by article R6527-40 of the French transport code.

Once the first portion of the member’s entitlements has been updated and the remainder of their entitlements has been claimed, each portion will be assigned a weighting factor which will be used to perform the final calculation of their pension:

  • The first portion of the member’s entitlements, which they will have claimed through the alternating work-retirement program and will have been updated as above on the effective date for the remainder of their entitlements, will be weighted using a pro rating factor corresponding to the ratio between the number of days paid under the alternating work-retirement program for the period beginning when their pension through the program became payable and the date they entered full retirement, and the total number of days in that same period;
  • The second portion of the member’s entitlements, calculated as above, will be weighted using a pro rating factor that is equal to the difference between 100% and the percentage assigned to the portion of their entitlements that was claimed through the alternating work-retirement program.

You can refer to informational guide “Retiring through the alternating work-retirement program (as from January 1st, 2019)”.

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