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Social benefits

Social benefits for retirees

Granted in the form of five benefits:

  • Supplementary benefit to the minimum retirement pension
  • Single benefit paid on the death of the retiree
  • Exceptional old age benefit
  • Benefit for the retiree's spouse
  • Complementary health benefit

Just one of each of these benefits is granted based on the highest pension:

  • in the case where each of the spouses has a pension paid by the CAR, or
  • when a single person benefits from two pensions (direct and reversionary).

 

  • Supplementary benefit to the minimum retirement pension
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    • Eligibility conditions
    • Receiving a retirement pension paid by the CAR:
      • earned solely through periods of salaried employment in Monaco or equivalent periods relating to this employment that have covered at least 37 and a half years or 450 months or more;
      • paid on the basis of less than 775 points.
    •  
    • Amount
    • The benefit amount is equal to the point value multiplied by the difference between the number of paid points and 775 points.
    •  
    • Upper income limit
    • The maximum supplementary benefit is granted when the annual income during the reference period, increased by twelve monthly benefit payments, was less than the corresponding value of:
      • 990 points for a single person
      • 1440 points for couples
    • If the income, supplemented by the minimum retirement pension monthly benefit payment exceeds this limit, these monthly payments will be adjusted as a result.
    •  
    • Sending the application
    • The questionnaire is automatically sent to potential beneficiaries.
    • The benefit application (or its renewal) must be submitted before the 31 October of each year or the entitlement lapses.
    •  
    • Payment
    • The supplementary benefit to the minimum retirement pension is paid at the same frequency as the payment of arrears for the CAR pension.
  • Death benefit
    • Provided in the event of a retiree's death, this is granted:
      • to the surviving spouse who is not divorced or legally separated, or
      • failing this, to the children.
    • Provided that these beneficiaries can claim a reversionary or orphans' pension.
    • To be admissible, applications for the Death Benefit must be submitted within 12 months of the date of death. The benefit is payable from the day of death.
    •  
    • Amount
    • The benefit amount corresponds to a quarter of the annual pension received by the deceased retiree, without being greater than one and a half times the value of the basic salary.
  • Exceptional benefit
    •  
    • Eligibility conditions
    • Receiving a retirement pension paid by the CAR:
      • earned solely through periods of salaried employment in the Principality, and
      • paid on the basis of at least 35 points.
    • Residing in Monaco or the Alpes-Maritimes region.
    •  
    • Amount
    • The maximum amount of the benefit is set annually by Ministerial Decree and is granted for a retirement pension of 360 points. It is proportional to the number of points for pensions of between 35 and 359 points.
    •  
    • Upper income limit
    • Total income over the 12 reference months cannot exceed the upper limit set by Ministerial Decree.
    • The income to be taken into consideration is defined as the total income of the single person or couple.
    •  
    • Sending the application
    • The questionnaire is automatically sent to potential beneficiaries.
    • To be admissible, the benefit application must be submitted before the 31 October of each year or the entitlement lapses.
    •  
    • Granting/Payment
    • It is granted to the retiree once a year. It is paid in the final quarter of the relevant calendar year.
  • Spouse benefit
    •  
    • Eligibility conditions
    • Receiving a retirement pension from the CAR paid based on at least 60 points and normally lives in the household with their spouse.
    •  
    • Amount
    • This varies proportionally:
      • with the number of calendar months during the financial year concerned where the granting conditions have been met,
      • with the number of retirement points that the beneficiary has, up to 360.
    • Its maximum amount is set by Ministerial Decree.
    •  
    • Upper income limit
    • Total income over the 12 reference months (benefit included) cannot exceed 1440 times the value of the retirement point.
    • The income to be taken into consideration is defined as the couple's total income.
    •  
    • Sending the application
    • The questionnaire is automatically sent to potential beneficiaries.
    • To be admissible, the benefit application must be submitted before the 31 October of each year or the entitlement lapses.
    •  
    • Granting/Payment
    • It is granted to the retiree's spouse once a year. It is paid in the final quarter of the relevant calendar year.
  • Complementary health benefit
    • Eligibility conditions
    • Having been in receipt of a direct retirement pension from CMRC for an effective or assimilated period of at least two hundred and forty months.
    • Have actually subscribed to a complementary health contract.
    •  
    • Amount
    • The amount is fixed by Ministerial Order. 
    •  
    • Granting/Payment
    • The total resources during the twelve months of reference do not exceed:
      • 990 times the value of the CAR pension point for single people,
      • 1440 times the value of the CAR pension point for couples.
    • The resources taken into consideration are the total income of the household.
    •  
    • Sending the application
    • The questionnaire is automatically sent to potential beneficiaries.
    • To be admissible, the Allowance application must be submitted within three months of the date of issue of the form, otherwise it will be inadmissible.
    •  
    • Granting/Payment
    • Awarded once a year to a retired person.