The plan rules set out the terms and conditions under which the employer is to bear the costs of managing the plan. The list of costs that must be borne by the employer is specified by decree.
The collective company pension savings plan may be set up in the form of an inter-company plan under the conditions set out in Chapter III of Title III of Book III of Part Three of the French Labour Code.
Where a collective company pension savings plan has been set up, all employees of the company are entitled to benefit from its provisions. However, a seniority condition may be required. This may not exceed three months. A collective company pension savings plan may provide for default membership by the company’s employees, unless the latter advise otherwise. Employees are informed of this clause under conditions laid down by decree. A former…
The transfer of individual rights from a collective company pension savings plan to another pension savings plan before leaving the company is only possible up to a limit of one transfer every three years.
The rules of the collective company pension savings plan determine the conditions under which employees are informed of its existence and content. If the plan is not set up by virtue of an agreement with the employees, the employer shall send the list of the names of all the employees to the plan manager. The manager informs each employee by name of the existence of a collective company retirement savings…
The collective company retirement savings plan must be able to receive the payments mentioned in 1° and 2° of article L. 224-2, made in cash. The plan must also be able to receive sums from the compulsory payments mentioned in 3° of the same article by transfer from another retirement savings plan. For each voluntary payment mentioned in 1° of article L. 224-2, including the part corresponding to the additional…
The plan rules set out the list of assets to which payments may be allocated. Where this list includes assets other than units in the company mutual funds mentioned in article L. 214-164, the plan rules provide for the setting up of a supervisory committee made up of representatives of the company and, at least half, representatives of the plan members. The procedures for appointing members are set out in…
The plan’s supervisory committee, which meets at least once a year, is responsible for ensuring that the plan is properly managed and that the interests of plan members are represented. Every quarter, the plan manager informs the supervisory committee of the performance of the assets to which payments have been allocated and of the various charges levied. When the plan gives rise to the subscription of a group insurance contract,…
A compulsory retirement savings plan may be set up using one of the methods mentioned inArticle L. 911-1 of the Social Security Code.
The compulsory retirement savings plan is set up for the benefit of all employees of the company or for one or more categories of employees, provided that these categories are constituted on the basis of the objective criteria mentioned in 4° of II of article L. 242-1 of the Social Security Code. The compulsory retirement savings plan may also be set up as an inter-company compulsory retirement savings plan under…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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