2024-01-14 17:11:51
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Pensions concern all workers, whether they are employees or self-employed. That said, the amount of pensions depends on the number of quarters validated during a career. Despite this, a quarter does not necessarily correspond to 3 months of work. In fact, this number varies depending on the salary received, which is itself proportional to the minimum wage.
Therefore, if the minimum wage increases this year, the threshold for validating retirement quarters also follows the trend. Therefore, it will be necessary receive more in 2024 to validate an additional quarter. What are the effects of this measure? Who are the big losers? We will try to answer these questions in this article.
The minimum wage, income and benchmark for your retirement
The SMIC is the minimum wage that all employees must receive. However, it is also the criterion which determines how many quarters you can validate for your retirements. Indeed, to be entitled to a quarter, you must have earned at least 150 times the gross hourly minimum wage.
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The problem is that it changes every year. However, the higher it goes, the harder you have to work to validate a quarter of retirement. For example, the minimum wage increased by 3.37% at the beginning of 2024. Thus, the salary threshold to validate a quarter has also increased.
Calculation of the retirement amount – Photo credits: iStock
To help you see more clearly, here is a summary of salary thresholds to validate 4 quarters of retirement in 2024 and 2023:
- 1 quarter: 1747.50 euros gross in 2024 compared to 1690.50 euros in 2023
- 2 quarters: 3,495 euros gross in 2024 compared to 3,381 euros in 2023
- 3 quarters: 5,242.50 euros gross in 2024 compared to 5,071.50 euros in 2023
- 4 quarters: 6,990 euros gross in 2024 compared to 6,762 euros in 2023
Pour self-employed workersthe amounts are not the same:
- 1 quarter: 310 euros gross compared to 300 euros in 2023
- 2 quarters: 620 euros gross compared to 600 euros in 2023
- 3 quarters: 931 euros gross compared to 900 euros in 2023
- 4 quarters: 1241 euros gross compared to 1200 euros in 2023
Note that these figures come from data from Cnav circulars of December 30, 2022 a you January 9, 2024.
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Pensions: employees most penalized
How does the evolution of the minimum wage affect employees’ pensions depending on their income level? To answer this question, let’s look at 3 different profiles :
1. Employees who earn more than the minimum wage
If you touch a salary above the minimum wage, the change in the validation threshold for the quarters of your pensions does not impact you. In fact, you will continue to easily validate your quarters without worrying about the minimum threshold. Blurred French pay slip with a calculator, a pen, money in euros and a magnifying glass – Photo credits: iStock
2. Minimum wages
Raising the quarterly validation level does not penalize those who receive the minimum wage either. For what ? Quite simply because their salary followed the increase in the minimum wage on January 1, 2024.
3. Precarious workers and students
Those who have precarious jobs are the big losers in this story. Indeed, some of their contracts offer a salary above the minimum wage, but with few working hours. Therefore, they might not reach the necessary threshold and only validate 3 quarters on their pensions instead of 4 in one year.
Read Minimum wage: here’s how much you could receive thanks to the increase on January 1, 2024
This last scenario could actually reduce the amount of their future pensions.
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