Throughout the period of affiliation of an insured person to a pension scheme, his/her contributions and the contributions of his/her employer are paid into an individual retirement account. The balance of his/her account is referred to as “retirement savings”. It may be paid as a lump sum or as a pension.
The Patrimonia Foundation has decided not to implement the change made to the retirement age of women in accordance with the OASI until the end of 2028. The statutory retirement age for Patrimonia’s insured members is thus 65 years (men) and 64 years (women) until 31 December 2028. Consequently, women born in 1961, 1962 and 1963 will have the option of retiring at 64 years of age with no reduction in their pension benefits or waiting until 65 years of age to receive a considerable increase in these benefits.
Lump sum option
An insured member who is not disabled may request payment of all or part of his/her pension capital as a lump sum. He/she must make a written application prior to his/her retirement by completing the form provided for this purpose.
Calculation of the retirement pension
The amount of the retirement pension is calculated as a percentage of the retirement savings accrued at the age of retirement. The percentage that is applied, called the “conversion rate”, is determined by the Board of Trustees. It will be 6.0% in 2025. It is applied to the entire capital of the insured member (compulsory and supplementary portions).
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