December 8, 2021

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Same contributions, same work, why is the amount different?

A comparison of two Social Security checks never provides reliable data: it is hardly possible Find two identical quantities Retirement, even if the same duties are performed and access is granted with the same number of years of contributions. Let’s try to understand why.

We answer the question of a Money.it reader who writes for us:

“good morning,

On April 1, 2022, with 41 years, 10 months of Contributions seniority and 59 years of Contributions, I will retire with a unilateral boycott by the organization I work for.

Also on April 1, 2022, with 41 years and 10 months of subscription seniority but 65 years of age, my colleague will also retire with a unilateral boycott.

Given that we are framed at the same legal/economic level, I ask if our pension allowance will be the same amount as well?

Thanks.”

Pensions with the same contributions

The answer to your question is no Two Social Security checks They will be different. Your colleague will receive a higher pension even for the same rating and the same number of years of paid contributions.

To influence the amount of the allowance, at least with respect to the contribution part of the pension (contributions paid as of January 1, 1996 if the worker has not had at least 18 years of contributions paid on that date, starting on January 1, 2012 if the worker has accrued It has 18 year subscriptions on December 31, 1995), and it is Age of Reach.

For the contribution part of the pension, in fact, A is applied to the contribution amount shift factor It is more appropriate the higher the retirement age. For her female colleague, who entered with the age of 65, a coefficient of 5.220% will be applied when transferring the pension while for her, 4.399%, who reaches the age of 59 (a difference of just under 1 percentage point).

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What I don’t understand is the requirement to retire from office for him, at the age of 59, because the public administration compulsorily places employees who have reached the retirement age the right to early retirement at the age of 65.. Voluntary office retirement, on the other hand, is available to employees who are at least 62 years old. years and those who have accrued requirements to access early retirement but only if there is a redundant condition.

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