An employee with a net salary at the end of the activity of 29,600 euros will be relatively spared. Indeed, since he started working at age 18, he will have accumulated more than 172 quarters of contribution. He can therefore hope to retire at full rate from age 62, while receiving just over 65% of his last salary. That's about 1,600 euros net monthly.
Officials are also doing pretty well, with an estimated replacement rate of 60.10% if they retire at age 62. Even if he leaves before having acquired the 172 quarters necessary to receive his full pension.
A manager who earns 66,400 euros a year and entered the labor force at 21 can expect to earn almost 47% of his last salary. Or nearly 2,597 euros per month just for the basic scheme. He will miss eight quarters of contribution and will have to work two more years to leave at full rate.
Unsurprisingly, those who study the longest and earn the most are the least well off. As a result, executives will only receive 22.44% of their last retiree. Having entered the workforce at age 24, they will indeed miss 19 quarters of contribution, which, through the mechanism of the haircut, will plummet their future pension.
The penalty is even more severe for consultants, who will receive only 18.72% of their last income, ie only 1.048,50 euros monthly. Same punishment for doctors and lawyers who started working late. It is true that the self-employed generally pay less social charges than employees.
This partly explains the low pension they will have in retirement, in return, they perceive for the same budget of remuneration, a net income more important than the employees. It is therefore fundamental for them to use part of this gain to set up an earlier contribution to an additional funded plan like the Madelin contracts ( here our comparator of Madelin contracts ).
And it is not the help to buy quarters for years of study, which should help them better digest the efforts they will have to concede. "This is a totally hypothetical investment at this age," said Marc Darnault, consulting firm Optimaretraite.
An astonishing point, however, notes this expert: "the draft law stipulates that, for insureds born after 1973, the required insurance period will remain at 43 years". But young people are not fooled, they know it well: the Hollande reform is not the first nor the last. Many other towers await them before their retirement in 2050.

Retirement: 9 mistakes not to commit

In order to fully and serenely live retirement, especially financially, here are some pitfalls to avoid.

Mistake 1: Be satisfied with the retirement of mandatory plans

Compulsory schemes, with the Basic Social Security pension and those provided by the supplementary schemes (Agirc, Arrco for employees), no longer cover the needs of retirees, the average replacement rate being of the order of two. third of the last activity income for non-managers, barely half for executives, and less for non-salaried workers. The erosion of the replacement rate, defined as the ratio between the amount of retirement (all plans combined) and that of the end-of-career salary, should continue with the decline in the number of contributors for a retiree.
To improve one's standard of living at retirement, one has to build up a regular income supplement. And the products are not lacking: the PERP (popular retirement savings plan) open to all, retirement contracts Madelin reserved for non-salaried workers or the Perco (Group retirement savings plan) within the framework of the company . 
These solutions, dedicated to the preparation of the retirement, bring a lifetime income while benefiting more taxes in phase of formation of savings but foresee few clauses of unblocking of its savings before the retirement age.
Classical life insurance and the PEA are also solutions for savers who want to keep their savings open.

Mistake 2: Going to the last minute

It's never too early! When it comes to retirement savings, the equation is simple: the earlier you start, the less important your savings effort will be. The introduction of regular payments is to be preferred. Saving over a period of 30 years the total saving effort to provide will be less important than if you save for 10 years because the amounts paid have had more time to make "small".

Error 3: Neglecting the tracking of his retirement record

It is advisable to inform your pension funds at least four to six months before the date you have chosen for your departure in order to avoid any problems during the constitution of your file. Errors made by the pension funds or by the employer (s) are frequent. Last June, the report of the Court of Auditors pointed out that the error rate of calculation of the pensions of the general scheme in 2015 was 1 in 13. It is in this sense recommended to check his "individual situation report" sent every five years from the age of 35, and to report any errors. It is the same for your "global individual estimate", which you receive the year of your 55 years then every 5 years. The figures given have no value

Error 4: Forgetting to declare oneself

Often, the mistake is to think that the retirement is automatically recorded by the administration and the services concerned. In fact, to collect your pensions, you have to make the request yourself. This approach consists of completing specific forms (online or by correspondence) requesting the liquidation of your rights from all the funds to which you have contributed throughout your professional life. Of course you can get help from a counselor. And it is recommended to keep track of the documents transmitted.
As a reminder, pensions are paid from the month following the filing of your application. If you wait until you have stopped your activity to apply, it will be as much lost income because there is no retroactivity.

Error 5: Making mistakes in the number of annuities

Getting a full pension requires a minimum number of contribution annuities that are often difficult to remember after a lifetime of work. On this point, the pension reform of 2010 established a new scale taking into account the lengthening of the contribution period. This is now in a range of 40 years (160 quarters for persons born in 1948 or earlier) to 43 years (172 quarters for persons born in 1973). With the exception of certain professions that benefit from specific schemes, it is also appropriate to have reached the statutory minimum retirement age. However, under the pension reform, this floor will soon change to 62 years from 1 January 2017 - against 60 years now.

Error 6: Being a retired tenant

It is recommended that you own your principal residence as soon as possible in order to remove the "rent" and "repayment of credit" items from your retiree's budget. Your pension will be net of any charge, apart from those related to the operation of housing. Being a landlord will also allow you to consider the resale of your home and the acquisition of a much cheaper, the placement of the remaining can then provide you with additional income.

Mistake 7: Forgetting the survivor's pension

Like retirement, the reversion in the event of the death of the spouse is not automatic. You have to apply to the CNAV (National Pension Insurance Fund) and supplementary pension funds.
For the CNAV (basic scheme of employees), however, the reversion is subject to the fact of being at least 55 years old and not to exceed a ceiling of resources corresponding, for a single person, to 2080 times the hourly Smic in force at the 1st January (20,113.6 euros in 2016). The maximum amount of the survivor's pension is equal to 54% of the pension enjoyed by the insured.
For supplemental pension plans, the terms and conditions of age may differ from one fund to another, but there is generally no means test to receive reversion.

Error 8: Work without pay or remuneration

In the first years after starting a business, you often do not pay yourself. Disadvantage: you do not contribute for your retirement. It is therefore advisable to pay you the minimum wage that allows you to validate four quarters per year. Thus, to validate a quarter in 2016, it suffices to collect a salary subject to a contribution representing 150 times the amount of the Smic, or 1,450.50 euros gross monthly (5,802 euros gross for four quarters). As a reminder, it is possible to validate only four quarters per year. In addition, the company manager may subscribe to a PERP or a Madelin retirement contract if his status so permits.

Error 9: Do not pay attention to periods worked abroad

If you work in a country with which there is no bilateral agreement with France on old-age insurance, your period of expatriation, even if you contribute in your host country, will not be taken into account. your French retirement. To avoid losing your quarters abroad, it is strongly recommended that you take out insurance with the Caisse des Français de l'étranger (CFE). It ensures the continuation of the rights to the basic scheme and, through the payment of contributions (employer and employee), the Arrco and Agirc supplementary schemes through CRE (Expatriate pension fund) and Ircafex (for executives).