It is targeted at people between 60 and 65 years old who have not been in paid work either for health reasons or because they were carers. A full-age pension is payable from the age of 60 on, subject to 161 quarters of contributions in 2009 (to be increased until 2012 by one quarter each year). However, since 2005, several special schemes have been integrated or linked to the Social Security pension scheme in order to standardize the French retirement system. Faced with an unrelenting protest over proposed changes in France’s generous pension system, officials withdraw a move to raise the full-benefit retirement age to 64 from the present 62. But … The average pension this year stands at 1,400 euros per month ($1,500 per month) once taxes are deducted. Proposals to change the French pension system have provoked mass strikes across France, bringing some parts of the country to a virtual standstill. France’s pension system is made up of. FR; EN; Up until late 2017, France's Social Security system had a separate scheme for self-employed workers not involved in agriculture. The easy bit: Employees in the private sector are part of the general pension system. That would replace France's current system, which has 42 different pension … The quality of pension systems available to workers varies greatly across the globe. This minimum pension (Allocation de Solidarité aux Personnes Agées or Minimum vieillesse in French) is the first level of the first pillar of the French pension system.It is a non-contributory pension introduced in 1956. In November, a report commissioned by France's Prime Minister Edouard Philippe concluded that, under the existing system, the country's pension deficit could be … The Social Security Financing Law for 2018 eliminated the Régime Social des Indépendants (RSI) and these workers' compulsory Social Security coverage is now provided by the general scheme. The pension system, like universal health care, is part of the generous welfare state that was created after World War II, and many in France are … President Emmanuel Macron wants to introduce a universal points-based pension system. THE CURRENT PENSION SYSTEM. The Netherlands has the best system, while the U.S. isn't even close to … But that average masks differences across 42 different pension systems. As in other countries, France’s basic pension system is based on people that work paying for the people that are retired. That ratio is now 1.4 to 1 and in a few years’ time it will be 1 to 1 simply because people are living longer. a basic public first pillar financed on a pay-as-you-go basis, a mandatory occupational system as second compulsory pillar and; voluntary occupational and personal arrangements; Private retirement income in France is almost entirely based on the two compulsory pay-as-you-go systems. Pension system design. All French retirees receive a state pension. In the 1960s there were 4 workers for every retired person.