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Article L3334-14 of the French Labour Code

The sums or securities held in members’ accounts are held until retirement. However, in certain cases linked to the participant’s situation or project, these sums or assets may exceptionally be released before retirement.

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Article L3334-15 of the French Labour Code

Without prejudice to the cases of early release provided for in article L. 3334-14, the sums or values registered in the participants’ accounts are paid out in the form of a life annuity acquired for valuable consideration. However, the agreement establishing the collective retirement savings plan may stipulate the terms and conditions for delivery in capital or conversion into an annuity of these sums or values, as well as the…

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