Can we still benefit from early retirement?
Verified 01 January 2023 - Directorate for Legal and Administrative Information (Prime Minister)
No, no, no. It is no longer possible to apply for the special allocation from the National Employment Fund (FNE), known as early retirement-redundancy, since 10 October 2011.
Only dismissed employees who were already in receipt of the allowance at that date continue to receive it until the end of their entitlement.
The amount of the special allowance is calculated as follows:
- 65 % of the reference salary, up to €3,666 per month,
- 50% of this salary above, up to €7,332.
The minimum amount of the allowance shall be €32.79 per day.
The allowance shall be paid at the latest until the age at which the beneficiary is automatically entitled to a full retirement pension. This age varies according to the beneficiary's date of birth, under the following conditions:
Year of birth | Retirement age automatic full rate | Insurance period required for to receive a full pension |
|---|---|---|
1954 | 66 years and 7 months | 165 quarters (41 years and 3 months) |
1955 - 1956 - 1957 | 67 yrs | 166 quarters (41 years and 6 months) |
1958 - 1959 - 1960 | 67 yrs | 167 quarters (41 years and 9 months) |
1961 - 1962 - 1963 | 67 yrs | 168 quarters (42 years) |
1964 - 1965 - 1966 | 67 yrs | 169 quarters (42 years, 3 months) |
1967- 1968 - 1969 | 67 yrs | 170 quarters (42 years and 6 months) |
1970 - 1971 - 1972 | 67 yrs | 171 quarters (42 years and 9 months) |
1973 and beyond | 67 yrs | 172 quarters (43 years) |