Chapter II: Scope of collective bargaining

The collective agreement determines the conditions and limits under which the time savings account may be credited with time or money at the initiative of the employee or, for hours worked in excess of the collective time limit, at the initiative of the employer.

The collective agreement defines the terms and conditions for managing the time savings account and sets out the conditions for using, liquidating and transferring rights from one employer to another.

For acquired rights, converted into monetary units, which exceed the highest of the amounts set by decree in application of article L. 3253-17, the collective agreement establishes an insurance or guarantee scheme.

The collective agreement provides that the rights allocated to the time savings account are used, in whole or in part: 1° To contribute to the financing of retirement benefits which are of a collective and compulsory nature determined within the framework of one of the procedures mentioned inarticle L. 911-1 of the Social Security Code. In this case, the rights corresponding to an employer’s contribution in time or money benefit…