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Bonus benefit

The bonus benefit is an allowance paid annually by CMRC, in the form of a bonus. This benefit is in addition to the supplementary retirement pension already paid by AGIRC-ARRCO, according to a calculation method set out in the law. The people who can benefit from it are those who retired before 31 December 2023, and receive a CAR and AGIRC-ARRCO pension for their salaried activity in Monaco.
Conditions
  • Condition of Rights
    • For beneficiaries of a direct CAR pension:
    • To benefit from the bonus, the applicant must have retired from CAR and AGIRC-ARRCO.
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    • For beneficiaries of a CAR survivor's pension (surviving spouses and orphans):
    • You have been receiving an AGIRC-ARRCO survivor's pension since before 1 January 2024: 
    • To benefit from the bonus, the applicant must receive a survivor's pension from AGIRC-ARRCO before January 1, 2024.
    • The right to bonus opens:
      • Either on January 1, if the applicant also benefits from a CAR survivor's pension on this date
      • Or on the effective date of their CAR survivor's pension, if it is set after January 1, 2024
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    • You will receive an AGIRC-ARRCO survivor's pension after 1 January 2024 following the death of your spouse who had a pension from this organisation:
      • Either on January 1, if the applicant also benefits from a CAR survivor's pension on this date
      • Or on the effective date of their CAR survivor's pension, if it is set after January 1, 2024
    • Surviving spouses and orphans who would be entitled to an AGIRC-ARRCO supplementary pension survivor's pension after 1 January 2024 will receive this benefit from the date on which they receive both CAR and AGIRC-ARRCO survivors' pensions.
Application for bonus benefit
  • How to Make My Application
    • If you are eligible, you will receive an application form directly from May 2024.
    • This will be sent to you by post or e-mail, depending on the contact option you have chosen.
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    • Documents to Provide: 
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    • 1- Application Form for a Bonus Benefit:
    • The form must be returned to the Service Retraite, duly completed and signed:
      • confirming that you receive an Agirc-Arrco retirement pension
      • specifying:
        • for beneficiaries of a direct pension: if you had the status of "executive" or "assimilated manager" during your career in Monaco
        • for beneficiaries of a survivor's pension: if your spouse had "executive" or "assimilated manager" status.
    • Important: Do not return the form until you have the supporting documents required for your application to be processed.
    • You can send your complete application to us until October 2025.
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    • 2- Supporting Documents:
    • The form must be accompanied by supporting documents for each of these subjects:
      • To prove the status of Agirc-Arrco retiree: a certificate of receipt of a supplementary retirement or survivor's pension from the ARRCO, AGIRC, or AGIRC-ARRCO schemes;
      • To prove status as a "manager" or "assimilated manager", if applicable: proof of status as a manager if you receive a direct pension from AGIRC-ARRCO or your spouse's status as a manager if you receive a survivor's pension from this organisation.
    • You are only asked for these supporting documents once at the time of your application. It will not be necessary to submit them every year.
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    • Good to Know: If you are having difficulty logging in to your AGIRC-ARRCO Personal Space to obtain your supporting documents, you can contact the organisation:
      • by telephone on 0970 660 660 from Monday to Friday from 8:30 a.m. to 6 p.m. (non-surcharged call)
      • or by making an appointment at the Nice Retirement Advice Agency: 16, rue Paul Déroulède 06000 NICE (open from Monday to Friday from 8:30 am to 12 noon and from 1 to 4:30 pm).
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    • How to Send My Benefit Application: 
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    • 1- From Your Member’s Personal Space
    • You can send the form with supporting documents from your Personal Space on the website of the Monaco Social Security Funds:
    • https://www.en.caisses-sociales.mc/home/employee/online-services/my-personal-account/personal-account
    • Menu Procedures > Send documents > Benefits > Retirement > Bonus benefit
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    • 2- By Post
    • You can also send us your complete application by post to the following address: 
    • Caisses Sociales de Monaco
    • Service Retraite
    • 11 rue Louis Notari
    • 98000 MONACO
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    • Reminder: Your complete application must be sent to CMRC within a maximum of 18 months from the date the form is sent by Service Retraite. No application may be submitted beyond this period.
Calculation
  • How Is the Number of Bonus Points Calculated
    • To calculate the amount of the bonus benefit, a number of bonus points is determined, in the first year, from:
      • The amount of your CAR pension(1)
      • Your non-executive /executive equivalent or executive status, during your career in Monaco.
    • The number of bonus points is calculated as follows:
      • If you have benefited from “non-executive” status throughout your career in Monaco:
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      • If you have benefited from “executive equivalent” or “executive” status during your career in Monaco:
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    • (1) For the calculation of the annual amount of your CAR pension, only points acquired from employers who have contributed to AGIRC-ARRCO for periods of salaried or equivalent activity in Monaco before January 1, 2024  are taken into account.
    • Points linked to activities carried out as a non-permanent CHPG agent or as an agent of the State or the Municipality are not taken into account.
  • How Is the Amount of the Bonus Calculated
    • Each year, the amount of the bonus is calculated as follows:
    • (Number of bonus points) X (Number of months of receipt of the CAR retirement pension during the reference year) (1) X (Monthly bonus point value)
    • The monthly value of the bonus point is set annually by Ministerial Decree. For the year 2024, it is set at 0.006675 euros.
    • It corresponds to:
    • (1) Pour le premier exercice, qui s’achèvera le 30 septembre 2024, le nombre de mois de perception de la pension de retraite CAR correspond à la période de janvier à septembre 2024 et est plafonné à 9.
Payment
  • Payment Arrangements
    • The supplementary retirement pension enhancement benefit is paid annually before November 30 following the end of the financial year.
    • Exceptionally, the first payment – which concerns the year 2024 – may be made during the year 2025 if the examination of the applications submitted requires it.
    • The bonus benefit is paid, by transfer, to the same bank or postal account as that used for the CAR pension.
    • Each payment of the bonus benefit is final. Any reassessment of the amount of the benefit that may occur on the basis of new supporting documents will only take effect for the future.
Contact the Retirement Service
  • Retirement Service
    • Retirement 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 44 82
    • bonification@caisses-sociales.mc