From 1er October 2019, 3 new retirement savings products are proposed with a view to eventually replacing the current arrangements (Perp, Perco, Préfon...). An order to that effect has been issued in Official Journal of 25 July 2019 followed by a decree to the Official Journal of 1er August 2019.
a company pension savings plan reserved for certain categories of employees, it will take over from the present so-called contracts
rule 83
(generally for executives and managers).
In addition, a 3e individual savings products, on the other hand, will be marketed in the form of a securities account or an insurance contract, the purpose of this new product being to succeed the current contracts People's Retirement Savings Plans (Perp) and
Madelin
(liberal professions).
These savings devices that are launched from 1er October 2019 will also provide the opportunity for savers who currently have a retirement savings product (Perp,
Madelin
, Perco, Prefon,
rule 83
...) to transfer their savings to these new products. It will also be possible to carry out a collective transformation of the old products, within the framework of the company or within the framework of the subscribing associations.
FYI
These savings can be released before retirement in the event of accidents of life but also for the purchase of his main residence.
And, when they retire, savers will have the choice of liquidating those savings into annuities or capital.
Reminder
The fundamental principles of this reform were set out in the Law of 22 May 2019 on Growth and company Transformation (the
covenant law
):
portability of acquired rights on individual products;
more flexible exit arrangements for annuities or capital;
opening up all retirement savings products to insurers, asset managers and supplementary occupational pension funds.
