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Compensatory Allowance

Conditions
  • Rights and Age Conditions
    • The right to the compensatory allowance is open to people who meet the following conditions:
      • Are 65 years old at the time of application (legal retirement age).
      • Have exercised a salaried activity in Monaco.
      • Do not have sufficient contribution time to be eligible for payment of a CMRC retirement pension.
      • Have rights acquired from ARRCO, AGIRC or AGIRC-ARRCO for periods of salaried activity in Monaco.
      • To ensure that you are in fact affected by this situation, you can consult the conditions for entitlement to a CAR direct retirement pension on the dedicated page or contact the Retirement Service.
    • This is a personal right. The insured's heirs cannot request the benefit of the compensatory allowance in the event of death.
Compensatory allowance  application
  • How to Make My Application
    • An application to benefit from the compensatory allowance must be made to the Retirement Service.
    • You can contact the Retirement Service to obtain the application form, as well as the list of supporting documents to provide.
    • An application for allowance can only be taken into account if it is presented after the age of 65.
Calculculation
  • How is the Amount of the Compensatory Allowance Calculated
    • The amount of the allowance is calculated as follows:
    • (Number of AGIRC-ARRCO points)  X (CMRC annual point value) X (Multiplier coefficient)(1)
    • (Number of AGIRC-ARRCO points) calculation of the compensatory allowance, only points acquired from AGIRC-ARRCO, relating to periods of salaried activity in Monaco before January 1, 2024 are taken into account
    • (1) The multiplier coefficient is set by Ministerial Decree and depends on the age of the applicant.
Payment
  • Payment Arrangements
    • The compensatory allowance is made as a single payment.
    • It is paid by transfer to the bank or postal account of the beneficiary
    • or to a joint account opened in the name of both spouses.
    • From the date of this payment, the supplementary retirement points which had been acquired by the applicant, for a period of activity or similar, are no longer effective.
Contact the retirement service
  • Service Retraite
    • Retirement Reception
    • Monday to Friday from 8:30 a.m. to 12 noon without appointment
    • Flor-Offices - Ground floor - 10, rue Princesse Florestine
    •  
    • 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