Call Us + 33 1 84 88 31 00

Article L224-3 of the French Monetary and Financial Code

Payments into a retirement savings plan that has given rise to the opening of a securities account are allocated to the acquisition of financial securities offering sufficient protection for the savings invested and appearing on a list established by regulation, taking into account the financial management procedures of the plan. Payments into a retirement savings plan which has given rise to subscription to a group insurance contract, the performance of…

Read More »

Article L224-4 of the French Monetary and Financial Code

I.-Rights accrued under the retirement savings plan may, at the request of the holder, be liquidated or redeemed before the due date referred to in article L. 224-1 in the following cases only: 1° The death of the holder’s spouse or their partner in a civil solidarity pact; 2° The disability of the holder, their children, their spouse or their partner in a civil solidarity pact. This disability is assessed…

Read More »

Article L224-5 of the French Monetary and Financial Code

On the due date mentioned in article L. 224-1 : 1° The rights corresponding to the sums mentioned in 3° of article L. 224-2 are issued in the form of a life annuity; 2° The rights corresponding to the other payments are delivered, at the choice of the holder, in the form of a capital sum, paid up in one go or in instalments, or in the form of a…

Read More »

Article L224-6 of the French Monetary and Financial Code

Individual rights in the process of being built up may be transferred to any other retirement savings plan. The transfer of rights does not entail any change in the conditions for their purchase or liquidation as provided for in this sub-section. The costs incurred in connection with such a transfer may not exceed 1% of the rights acquired. They are null and void at the end of a period of…

Read More »

Article L224-7 of the French Monetary and Financial Code

Holders are provided with regular information on their rights, in accordance with the conditions laid down by regulation, particularly with regard to the value of rights currently being built up and the procedures for transferring them to another retirement savings plan. Holders of a retirement savings plan receive detailed information specifying, for each asset in the plan, the performance gross of fees, the performance net of fees and the fees…

Read More »

Article L224-7-1 of the French Monetary and Financial Code

Everyone is entitled to free information about the retirement savings products they have subscribed to during their lifetime. The online service mentioned in III of article L. 161-17 of the Social Security Code provides access to this information at any time. A directory is created for the management of this information, which is made available by the managers under the conditions provided for in article L. 132-9-6 of the Insurance…

Read More »

Article L224-8 of the French Monetary and Financial Code

Unless otherwise stipulated, the terms and conditions for the application of this chapter are specified by decree in the Conseil d’Etat. For the application of this chapter, the provisions applicable to retirement savings plans opened in the form of a group insurance contract whose execution is linked to the cessation of professional activity are also applicable to retirement savings plans opened in the form of a contract whose purpose is…

Read More »

Article L224-9 of the French Monetary and Financial Code

The company pension savings plan takes the form of a collective company pension savings plan, covered by sub-section 2 of this section, or a compulsory pension savings plan, covered by sub-section 3 of this section. A company which has had a company savings plan as referred to inarticle L. 3332-1 of the French Labour Code in place for more than three years shall open negotiations with a view to setting…

Read More »

Article L224-10 of the French Monetary and Financial Code

The company pension savings plan provides that from the fifth year prior to the maturity date mentioned in article L. 224-1, the holder may contact the plan manager by any means in order to obtain information on his rights and on the savings redemption procedures appropriate to his situation and to confirm, where applicable, the pace of financial risk reduction as part of an allocation mentioned in the third and…

Read More »

Contact a French lawyer now

Contact a French Business Lawyer

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.

Useful links

You have a question in French Business Law?

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.

All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.