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This minimum pension (French: Allocation de solidarité aux personnes âgées) is the first level of the first pillar of the French pension system. The ASPA is a monthly benefit paid to low-income seniors, whether or not they are former employees. It is not a retirement pension: it is financed by the State, not by social contributions.
All the schemes of basic and supplementary pensions in France work on the method of distribution. The schemes redistribute every year, in the form of pensions paid to retirees, contributions received that year from the assets. If the rules of the various pension plans in France correspond to different concepts, they are based on common principles.
Plans to scrap pension reform [ edit ] On 23 July 2024, following the victory of the New Popular Front in the 2024 French legislative election , La France Insoumise proposed to scrap the pension reform plans in a vote, receiving support from the National Rally .
The third is to "improve the pensions of the most disadvantaged." [6] The result of the system would increase the retirement age of many jobs in France. The 2019 French pension reform plan follows the prior pension reforms in 1993, 2003, 2010, and 2013, but is far more comprehensive in that rather than adjusting the system.
The purpose of these two 1980s-era programs was "so that there was no way you could 'double dip' into both a federal pension and Social Security," explains Jill Schlesinger, CBS News business analyst.
Existing recipients of the minimum pension are not automatically transferred to the ASPA, but may do so on request. In its 2012 annual report, the Service d'Allocation de Solidarité aux Personnes Âgées (SASPA), managed by the Caisse des dépôts et consignations , counted 70,827 recipients of the ASPA on 31 December 2012 (against 71,490 in ...
Protests over pension reforms have roiled France in recent months, but demonstrations have been kept largely at bay at one of the country's glitziest events, the Cannes Film Festival. On Sunday ...
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