Chapter IV: Supplementary provident and pension contracts taken out by associations

The association draws up an annual budget which includes, in particular, the annual budget for each plan drawn up in accordance with 1° of article R. 144-14. Each popular retirement savings plan provides that the financing of the association’s activities relating to the plan is ensured, in addition to any entry fees paid to the association by members of the plan, by deductions made by the insurance company from the…

The dissolution of the association or its cessation of activity as a popular retirement savings group in respect of a plan subscribed by it is pronounced by the general meeting of the association convened on an extraordinary basis. In this case, the resolution relating to this dissolution or cessation of activity sets out the conditions under which the association’s tasks in respect of each plan are taken over by another…

I. – When the association signs a single plan, the Board of Directors may act as the Supervisory Committee. A separate supervisory committee is formed within six months of the association signing a second plan. This committee shall adopt its own rules of procedure. The Board of Directors acting as the Supervisory Committee or the Supervisory Committee meets at least once a year, when convened by its Chairman or by…

The supervisory committee of a people’s pension savings plan: 1° Each year, draws up the plan’s budget, specifying in particular the conditions and limits under which the supervisory committee may incur expenditure in excess of the amounts provided for; 2° Issues an opinion on the report on the actuarial balance and the administrative, technical and financial management of the plan provided for in III of article L. 144-2 ; it…

A member of the Supervisory Committee is responsible for examining the plan’s accounts. In this capacity: 1° He/she prepares the Committee’s deliberations on matters relating to the plan’s accounts; 2° He/she submits to the Committee proposed audit assignments for the plan’s accounts; 3° He/she monitors the expert appraisal assignments decided by the Committee pursuant to 3° of article R. 144-14, and presents the conclusions of these assignments to the Committee.

The Supervisory Committee carries out an actuarial study of the plan when it deems it necessary to assess the risks likely to affect the plan. In particular, this study shall cover : 1° The fees and commissions charged, for whatever reason and on whatever investment medium; 2° The structure and demographic prospects of the plan; 3° The investment policy, the structure of the plan’s investments and the match between these…

The Supervisory Committee’s reasoned opinion on the insurance undertaking’s report provided for in III of Article L. 144-2 also includes a mention of any changes made during the past financial year to the composition or operation of the Supervisory Committee or to the remuneration of its members. The report of the insurance company’s statutory auditor(s) on the annual accounts of the plan and on the performance of their duties in…