Monaco Pension Guide: Regime Général, AGIRC-ARRCO, Retirement Age 2026
Monaco's pension system follows the French model closely. The regime général provides the basic state pension, complemented by the AGIRC-ARRCO supplementary scheme. The standard retirement age is 62 (gradually increasing to 67). Here is how pensions work in Monaco in 2026.
Monaco's pension system is integrated with the French social security framework. The regime général (Caisse de Sécurité Sociale de Monaco) provides the basic pension, while AGIRC-ARRCO provides the complementary pension. Contributions are mandatory for all employed individuals. Self-employed individuals contribute to the Sécurité Sociale des Indépendants (SSI) equivalent. The system is a pay-as-you-go (répartition) model. Social contribution rates →
Real-world example: An employee retiring at 62 with 35 years of contributions and average salary of €5,000/month would receive: regime général pension approximately €1,300/month (50% of average indexed salary), plus AGIRC-ARRCO complementary pension approximately €1,500/month. Total state + complementary: approximately €2,800/month (56% replacement rate). Adding private savings or a voluntary pension plan could increase this to €3,500-4,000/month. Personal income tax →
State Pension System (Regime Général)
- Retirement age: 62 for early retirement (with sufficient contributions), 64-67 for full rate (âge du taux plein), gradually increasing to 67 by 2030
- Minimum contribution period: Approximately 43 years (172 trimesters) for full-rate pension at age 62 (under 2026 rules)
- Pension formula: 50% of average annual salary (SAM — Salaire Annuel Moyen) of the best 25 years, capped at the social security ceiling (PASS)
- Cost-of-living adjustment: Pensions are indexed annually based on inflation
The replacement rate for the regime général alone is approximately 25-50% of pre-retirement income depending on career length and salary level. The system faces similar demographic pressures as the French system.
Complementary Pension (AGIRC-ARRCO)
The AGIRC-ARRCO system provides a points-based supplementary pension for all private-sector employees:
- Coverage: Mandatory for all employees — both executives (cadres) and non-executives (non-cadres)
- Points system: Contributions purchase points during working years. At retirement, points are converted to pension using the point value (valeur de service)
- Contribution rate: Approximately 7-8% of salary (employee + employer) on earnings up to 8 times the PASS
- Pension at retirement: Points accumulated × current point value = annual complementary pension
The AGIRC-ARRCO pension typically provides 20-30% replacement rate, bringing the total (regime général + complementary) to approximately 50-70% of pre-retirement income for full-career workers.
Pension Taxation
- Non-French Monaco residents: 0% tax on all pension income — state pension, complementary pension, and private pension payouts are completely tax-free
- French nationals in Monaco: Pension income is subject to French income tax at progressive rates (0-45%) under the 1963 treaty, plus CSG/CRDS at 9.2% and 0.5%
- Lump sum withdrawals: Any lump sum pension payments follow the same tax treatment as regular pension income
For non-French Monaco residents, the 0% tax on pension income is a significant advantage, especially compared to countries like the UK, US, or France where pension income is fully taxable.
Private Pension Schemes
Monaco offers private pension and retirement savings products through the French-style assurance-vie and PER (Plan Épargne Retraite) frameworks:
- Assurance-vie: French-style life insurance / investment product with tax advantages on withdrawals (after 8 years)
- PER (Plan Épargne Retraite): Retirement savings plan with tax-deductible contributions for French taxpayers (less relevant for non-French Monaco residents)
- International plans: Monaco-based banks and insurers offer international pension and wealth management products
Can expatriates receive Monaco state pension?
Yes. Individuals who have contributed to the Monaco social security system can receive the state pension even if they live outside Monaco or France. EU social security coordination rules apply for EU residents. Pension payments are made to foreign bank accounts.
Can I transfer my foreign pension to Monaco?
There is no specific mechanism for transferring foreign pension rights to Monaco. EU coordination rules allow aggregation of contribution periods across EU/EEA member states. Non-EU pension transfers depend on bilateral social security agreements. Monaco-resident non-French nationals typically maintain their home country pension rights.