As a result of negotiations during the last pension reform, the increase in small pensions comes into full force as of this Wednesday, October 9.
At the beginning of September, the general director of the National Old-Age Insurance Fund (CNAV), Renaud Villard, indicated that the second wave of revaluation of “small pensions” planned within the framework of the pension reform would affect “850,000 people”.
Specifically, it is an increase in the minimum contributory amount (Mico) that allows retirees from the general Social Security old-age regime who have contributed with low salaries to receive a minimum amount of basic pension. If your basic pension is lower, it is increased to the level of this minimum. The 2023 reform established that this amount must reach at least 85% of the net SMIC, for an employee who has completed a full career in the SMIC.
Thus, on September 25, Mico beneficiaries received an average of 600 euros for the retroactivity of this revaluation over 12 months.
This Wednesday, October 9, the monthly pension increased by 50.94 euros will therefore be the one that the 850,000 retirees affected by this reform will receive.
The minimum contribution benefits insured people who have contributed for low income throughout their career and who meet the conditions for a full pension. Therefore, they must have reached full retirement age, that is, 67 years. Or have reached the required minimum retirement age, that is, between 62 and 64 years depending on your year of birth, in addition to having contributed the required number of quarters, that is, between 166 and 172.
Source: BFM TV
