Title VII: Salary funds.

Collective agreements concluded in application of Title III of Book I may provide for the creation of employee funds to finance productive investments or operations aimed at reducing working hours and creating jobs. The convention or agreement creating the fund and providing for payments must be approved by the competent administrative authority.

The sums paid in must remain unavailable for at least five years. They are made available to the employee or his beneficiaries, at their request, in the event of redundancy, invalidity corresponding to classification in the second and third categories provided for in article L. 310 of the Social Security Code (1), death or retirement of the employee as well as in the event of voluntary departure from the company….

Decrees in the Conseil d’Etat shall set out the procedures for applying this Title, in particular the procedures for approving the agreements referred to in Article L. 471-1 and the procedures for using the sums collected.