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For whom, when and how much exactly? Everything you wonder about that minimum pension of 1,500 euros


1. Will the minimum pension now be increased to EUR 1,500 net or gross?

Crucial there is the wording of the coalition agreement. That literally speaks of “direction 1,500 euros net. “Translated: we try to land as close as possible. How much it will be exactly, there is less clarity about that.

For example, MR chairman Georges-Louis Bouchez spoke yesterday of 1,580 euros gross, which could mean a net minimum pension of around 1,450 euros. SP.A chairman Conner Rousseau has not contradicted that figure in recent days. If you only rely on the sum of 1.2 billion euros that the government is making available for the pension reform, it will not be much higher.

By way of comparison: today a single employee with a full career of 45 years receives a minimum pension of 1,291.69 euros (gross is equal to net for that amount, ed.). For a single civil servant, this is 1,392.95 gross euros per month.

2. When will that higher minimum pension arrive?

“There will be no tomorrow”, Rousseau emphasized in “Today” on One. The government has not yet specified when. In any case, the coalition agreement mentions a “gradual” increase.

The various government parties indicate that they must be close to that target of 1,500 euros net by the end of the government period – the end of 2024.

(Read more below the video)

3. What requirements must you meet in order to receive that minimum pension?

The condition for receiving the full amount is a full career of 45 years. Those who have an incomplete career will see that amount decrease proportionally as he or she has worked fewer years. With a minimum pension of 1,500 euros for a full career, someone who has worked for 30 years will therefore only receive 1,000 euros.

You must have at least a career of 30 years to be eligible for a minimum pension at all

You must also have at least a career of 30 years to be eligible for a minimum pension at all. That was already the case today, but the government writes in the coalition agreement that an extra condition will be added: from those 30 years you will have to have worked effectively for a number of years (read: certain assimilated periods such as illness or forms of career break may no longer be count in). How many years that must be and which assimilated periods no longer count, the government parties still have to fight it out among themselves.

4. How many pensioners already receive a minimum pension?

Overall, about a third of the roughly 2.3 million retirees in our country today receive a minimum pension.

For people who have worked as an employee throughout their career (the so-called “pure employees”) this is slightly more than a fifth, for the self-employed three quarters. Among civil servants, the share of people with a minimum pension is a lot lower: their pension is higher for most.

By the way, not all of those people receive a full minimum pension. Only about half of them have a full career of 45 years.

5. Are there also changes on the way for other pensions?

Yes, that’s how the coalition agreement states it pension ceiling for the highest pensions will rise proportionately in proportion to the increase in the minimum pension. Furthermore, the government wants the pension accrual for the self-employed in the future to align with that of the employees.

For blue-collar and white-collar workers, the conditions of the second pension pillar – these are the group insurance policies and pension funds that companies sometimes offer – aligned. The return on those supplementary pensions must also increase.

And the pension bonus comes back: if you work longer than when you can take early retirement, you will be able to accrue more pension rights.

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