AFP news
The French expatriates will pay more from January 1, 2011 redemption of quarters spent abroad for their retirement because of a change of scale provided by Article 72 of the Finance Act Social Security (Social Security Budget Act) in 2010.
The current schedule, the French far enjoyed from abroad, will be aligned with the redemption of years of study, which is financially less favorable, information including the daily Le Monde echoed Tuesday .
Redemption of quarters from the National Insurance old age (CNAV) reduces the effect of the discount on the amount of their pension or advance their age of retirement by increasing their annuities. The French expatriates
dependent on the law social situation where they are, but they can if they wish, contribute to the Social Security Fund for French Nationals Abroad (CFE). On
about 2 million French expatriates, about 100,000 are members of the fund, half of which (46,820) pay into the pension scheme, according to figures from the CFE.
The redemption price of a quarter spent abroad will increase in proportion of which varies depending on the age of the insured and its income level.
Thus, a French 50, whose annual income exceeds 35,352 euros, payable in approximately 2010 1,400 euros to buy back a quarter abroad, while the same would cost over 3,000 euros for a semester.
Another change must affect expatriates. A draft decree submitted by the management of Social Security to the CFE which reveals on its website, plans to increase from 15.9 to 16.65% contribution rate to the voluntary pension insurance.
The draft decree, whose signature is expected before the end of the year, replaces the condition of French nationality by a condition of membership for five years prior to a compulsory insurance scheme French disease.
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