Chapter IV: Retirement savings plans

The financial securities referred to in the first paragraph of Article L. 224-3 of this Code are : 1° The assets, units or shares listed in 1°, 2°, 2° bis, 2° ter, 3°, 4°, 5°, 7°, 7° ter, 7° quater and 8° of article R. 332-2 of the Insurance Code ; 2° Shares in commercial companies mentioned in 6° of the same article; 3° The shares referred to in 9°…

Each year, the manager of the retirement savings plan within the meaning of Article L. 224-8 provides the holder with: 1° Identification of the holder and, where the retirement savings plan is covered by article L. 224-9, of the company ; 2° The value of the rights being built up at 31 December of the previous year, as well as changes in this value since the plan was opened and…

For the application of the third and fourth paragraphs of Article L. 224-3, the savings allocations that gradually reduce the financial risks for the policyholder allow investment in assets that are suitable for a long-term horizon. They guarantee a gradual reduction in the proportion of high-risk or intermediate-risk assets and a gradual increase in the proportion of assets with a low-risk investment profile, as the policyholder’s planned liquidation date approaches….

The liquidation or early redemption of rights in the cases mentioned in I of article L. 224-4 takes the form of a single payment which, at the option of the holder, relates to all or part of the rights likely to be liquidated or redeemed.

The retirement savings plan sets out the conditions under which the holder may choose how to receive the sums referred to in article L. 224-5.

For the application of the fourth paragraph of article L. 224-6, in the event that the transfer right of the mathematical reserves or the shares of the diversification reserves exceeds the proportion of the assets representing them, the plan may provide for this transfer value to be reduced accordingly, without this reduction exceeding 15% of the value of the holder’s individual rights relating to commitments expressed in euros. These provisions…

Pursuant to Article L. 224-7-1, the reporting obligations defined in Articles L. 132-9-6 of the French Insurance Code, L. 223-10-5 of the French Mutual Code and L. 312-21-1 apply to unliquidated contracts, regardless of when they were opened, relating to the following retirement savings products: 1° The products mentioned in 1° to 7° of I of article L. 224-40 ; 2° Retirement savings products whose contributions are subject to income…