MIL OSI Translation. Government of the Republic of France statements from French to English –
Source: Republic of France in French The French Republic has issued the following statement:
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As of October 1, 2020, you can no longer subscribe to one of the old retirement savings products because they are no longer marketed. These are the popular retirement savings plan (Perp), the Madelin contract for the self-employed, the collective retirement savings plan for employees (Perco), and the Préfon for civil servants. You had already opened one of these plans, what does that change? What other retirement savings plan can I subscribe to?
You can choose to keep your old plan already open or to transfer it to a new PER (retirement savings plan) that has existed since October 1, 2019. The PER takes 3 forms:
the individual PER which follows the Perp and the Madelin contract;
the collective enterprise PER which succeeds the Perco;
the mandatory company PER which succeeds the article 83 contract (group life insurance contract taken out by a company for the benefit of some of its employees).
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.