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Direct pension

Applying for a Pension

  • When to apply for a pension
    • I already have a CAR pension
      • If you completed procedures with Agirc-Arrco during 2023, CMRC has been informed. Service Retraite will contact you, depending on the requested effective date and after receiving of your records and your supplementary retirement points, to respond finally to your request.
      • If you have not yet requested your supplementary pension rights, the pension request must be made to Service Retraite who will give you the application form and the list of supporting documents to provide.
    • The supplementary pension application file must be submitted during the calendar quarter during which you wish to benefit from payment of your pension.
    • Please note: if you are under 65 years old and have resumed professional activity, you can submit your request for supplementary retirement after you cease all activity or compensation.
    •  
    • I'm not yet retired
      • If you have completed procedures with Agirc-Arrco during 2023, CMRC has been informed. Service Retraite will contact you, depending on the requested effective date and after receipt of your records and your supplementary retirement points, to respond finally to your request.
      • If you have not yet requested your basic and supplementary pension rights, a single procedure will allow you to claim these rights from CAR and CMRC.
    • This request can be made by mail (form can be collected from Service Retraite)
    • To find out more about this procedure

Conditions

Activity Conditions
  • Opening rights
Age Conditions
  • Legal retirement age
    • The legal retirement age remains set in the Principality at 65.
    • However, the pension can be paid prematurely without reduction before this age.
  • Early pension before age 65
    • To benefit from an early pension, it is imperative to have ceased all professional activity and not to receive compensation for illness, accident at work or loss of employment.
      • From the age of 55: This advantage is reserved for a mother who has actually raised at least three children, for eight years, up to their sixteenth birthday.
      • Between 60 and 65 years old: This possibility is open to any person meeting the minimum duration of activity conditions.
  • Pension from age 65
    • The pension can be awarded even in the event of continuation of one or more professional activities.

Cessation of Activity

  • Early pension before age 65
    • To be able to apply for a supplementary retirement pension, you must, on the same date, have ceased all professional activity and not receive compensation for illness, accident at work or loss of employment.
    • If your last activity allows you to benefit from a right to unemployment compensation that you have not yet claimed, you will no longer be able to combine this benefit and the payment of your supplementary retirement pension.
  • Pension from age 65
    • You do not have to have stopped working in order to receive your CMRC supplementary retirement pension.

Effective Date of Retirement

  • I already have a pension from CAR
    • When all conditions are met (including cessation of activity in the event of a request for early retirement), you can submit your pension request:
      • If the application is submitted in the current calendar quarter, the effective date is the date all conditions are met
      • If the request is made after the current calendar quarter, the effective date will be the first day of the calendar quarter in which you made the request.
    • Depending on the day the pension application is submitted and to avoid losing retirement rights, you should complete/submit your file before March 31, 2024 or during the month of your cessation of activity or compensation.
    • Provided that your file has been submitted on time, your retirement can start:
      • January 1, 2024
      • The day after your cessation of professional activity (NB : for activities in Monaco, we take into account the administrative exit date which does not necessarily correspond to the physical exit)
      • The day after the last compensated day
      • The day you are removed from Pôle Emploi
    • In all other cases, the starting point will be set on the first day of the calendar quarter in which the application is submitted.

Calculation

  • How is the supplementary retirement pension calculated
    • Its amount depends on the number of points acquired on the eve of the pension effective date.
    • The amount of your supplementary retirement pension is determined by the number of retirement points acquired during your employed activity in the Principality.
    • The following are thus taken into account:
      •  Points acquired from Agirc-Arrco for Monegasque periods prior to January 1, 2024 and which were transferred by Agirc-Arrco to CMRC
      • Points acquired from CMRC for periods of activity, or similar, from January 1, 2024
    • The amount of your retirement pension is calculated as follows:
    • Monthly retirement = number of points x annual value of the point / 12
    • The annual value of the point is €1.4960 as of January 1, 2024.
    • Please note: No increase in the amount of the pension is applicable, including in the event of liquidation of rights after age 65.

Payment

  • Payment terms
    • The pension is paid by transfer to the beneficiary's bank or postal account:
      • If resident in Monaco, France or Italy, at the end of each calendar month, payment takes place on the first working day of the following month.
      • If resident outside the three previous countries, at the end of each calendar quarter.
    • In the case of a direct pension, the pension can be transferred to a joint account in the name of both spouses.
  • General Payment Conditions
    •  
      • If resident in MONACO, FRANCE or ITALY, you will be required to provide, according to the terms specified at our request, every two years, a life certificate.
      • If resident outside these countries, the obligation to provide either a life certificate or a certificate of existence will be carried out every quarter, according to the terms specified individually by the Retirement Pensions Verification Service.
      • When it comes to a life certificate, this document must be issued by a competent authority (Consulate, Town Hall, Police, Doctor) on the dates indicated.

Accumulation Employment Retirement - Additional Activity

  • Additional activity before age 65
    • After your retirement effective date, you can supplement your pension with partial or episodic professional activity that is only of a supplementary nature.
    • If you wish to resume a supplementary activity, you are required to declare this to the Service Retraite. In order not to run the risk of suspension of your pension, ask the Service Retraite for the relevant information.
    • In the event of resumption of activity, you will be required to contribute, throughout the duration of your activity, under the same conditions as before your pension took effect, without these contributions giving rise to the acquisition of additional points increasing the amount of the pension.
    • The authorised remuneration ceiling is set at: €11,681.28 for 2024. It can be prorated for the year of liquidation of retirement rights and the year of your 65 years.
    • Subject to compliance with this ceiling, the following activities are considered as additional activities:
    • Additional Activities
    • Important: The following situations do not allow you to benefit from the payment of an early pension, regardless of the level of remuneration earned from this activity:
    • When the retiree:
      • Carries out management, direction or management activities on behalf of a commercial company
      • Employs staff as part of a non-salaried activity
  • Additional Activity after 65 years
    • If you wish to continue or resume an additional activity after age 65, no special conditions apply.
    • Vous continuerez à percevoir votre pension de retraite complémentaire complète. 
    • In the event of activity in Monaco, you will be required to contribute, throughout the duration of your activity, under the same conditions as before your pension took effect, without these contributions giving rise to the acquisition of additional points increasing the amount of the pension.

Contact Service Retraite

  • Service Retraite
    • Pension Reception
    • Monday to Friday from 8.30 a.m. to 12 noon without appointment
    • Flor-Offices - Ground floor - 10, rue Princesse Florestine
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    • Telephone Reception - Monday to Friday from 8.30 a.m. to 12 noon and from 2 to 5 p.m.
    • Tel. : (+377) 93 15 49 59
    • retraite@caisses-sociales.mc