A transfer of 700 euros comes in addition to the pension for 1 million pensioners

2024-08-14 05:00:23

Paying it forward will be good for the budget.

It’s the good news of summer. Expected for several months, a large transfer will soon arrive in the bank accounts of many retirees, in addition to the regular pension received every month. An amount of around 700 euros which affects more than one million people. This is not a special boost from the government or anything else, but a late application of pension reform. Changing the starting age from 62 to 64 is a financial decision that takes a long time to make.

Last year, an increase in minimum pensions was actually approved. This measure is to benefit 1.7 million retirees from September 1, 2023. However, when they received the money at the beginning of October, many of those who benefited were shocked and did not see that the pension was high more than. A mistake? Supervision? Never. In fact, it is an administration that cannot identify at the time the people affected by this increase, or to calculate the new amount that should be given to them. The result: more than a million retirees did not receive the promised amount.

After months of work, the National Old Age Insurance Fund (CNAV) will finally pay the right amount to eligible families within a few weeks. And it will even pay, in a way, all the extra money you should have received last year through the benefits of the minimum contribution. The monthly increase will be of the order of 50 to 60 euros, indicates CNAV Linternaute. Therefore, due to availability, between 600 and 720 euros will be transferred at once, in addition to the pension. The organization explains that, if this applies to the pension for the month of September, it is paid only on Wednesday October 9. So you will have to wait a little longer before receiving the money.

The beneficiaries of this reform are generally people who have worked all their lives earning a salary close to or equal to the minimum wage throughout their career. Also, you must have contributed at least 120 quarters to be entitled to this increase in pension.