On Friday, the ministerial cabinet approved a draft law that puts in place a part-time pension system in the public sector pension regime. An employee qualified to retirement (early, or at the legal age), who wishes to pursue a reduced professional activity, will be able to obtain, as of age 60, up to 50% of the retirement pension to which he is entitled.
To benefit from this new legislation, the employee must have been employed up to 80% during the last full 12 months preceding the month of retirement. The worker must also reduce his/her work so as not to exceed 50% of a full-time occupation.
This reduced activity will allow the worker to build up pension rights for his/her career from the date of the part-time pension to that of the full pension.
The part-time pension is a new opportunity to organize the end of a career, alongside other existing possibilities such as time credit retirement, or career breaks, Minister Daniel Bacquelaine says. “Because it will encourage quite a few workers to pursue a professional activity with a reduced schedule, this reform will also contribute to raising the employment rate of older people,” he added.
The entry into force of the draft law provisions has been set at 1 July 2019.