Subsection 2: Remuneration

The proportion of the remuneration received by the child, the amount of which may be left at the disposal of the child’s legal representatives, is set by the committee referred to in article R. 7124-20.

The Commission shall rule on any request made by the contracting parties prior to any performance.

In the cases set out in 3° and 4° of article R. 7124-23, the notification specifies the fraction of remuneration allocated to the constitution of the lump sum. This notification recalls the obligation imposed on the employer by article R. 7124-35. This fraction relates to the salary and remuneration received by the child in accordance with articles L. 7123-6 and L. 7123-12 to L. 7123-16.

The authorisation given to the child’s legal representatives, pursuant to article L. 7124-9, to make exceptional emergency deductions from the child’s savings may be withdrawn at any time if it appears that the sums already deducted have not been used in full for the purpose for which they were intended. Withdrawals are authorised by the Chairman of the Board. Such deductions may only be authorised in the exclusive interest of…

The payment to the Caisse des dépôts et consignations provided for in the second paragraph of article L. 7124-9 is accompanied by a declaration from the employer stating the child’s marital status, place of residence and the names of the child’s legal representatives.

The Caisse des dépôts et consignations will open a deposit account in the name of each of the minors concerned, to which the payments made by the employers will be credited. The rate and method of calculation of interest on the deposit account are set in accordance with article L. 518-23 of the French Monetary and Financial Code. This rate may not be lower than the legal interest rate for…

Before 31st March each year, Caisse des dépôts et consignations sends the account holder or his/her legal representative, by any means, a document showing the outstanding deposits and the interest they have generated for the previous year. When the child reaches the age of majority, Caisse des Dépôts et Consignations will send the child, by any means that provides a date certain for its receipt, the balance of the child’s…