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Article L1237-9 of the French Labour Code

Any employee who voluntarily leaves the company to receive an old-age pension is entitled to a retirement allowance. The rate of this allowance varies according to the employee’s length of service with the company. The method of calculation depends on the employee’s previous gross remuneration. The rate and method of calculation are determined by regulation. Each employee may only receive one severance or retirement payment. The indemnity is awarded on…

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