Retirement and employee savings
PER obligatoire (mandatory company retirement plan)
The defined-contribution workplace retirement plan for a category of employees.
Overview
The mandatory PER covers an entire category of employees defined by the employer and pays out as a life annuity.
The mandatory PER succeeds the « article 83 » contracts. The employer sets it up for an objective category of employees (managers, salaried directors). Employer contributions are deductible for the company and exempt from social charges within limits; employee contributions are deductible from taxable income. At retirement, exit is as a life annuity taxed as a pension, a lump sum being possible only for very small annuities.
How it works
Contributions
Employer and employee, by category
Management
During working life
Retirement
Life annuity
Key points
Strengths
- Employer contributions exempt from social charges, within limits
- Employee contributions deductible from taxable income
- Guaranteed build-up of a retirement supplement
- Deductible expense for the company
Points to watch
- Paid out as a life annuity (lump sum only for very small annuities)
- Compulsory for an objective, collective category of staff
- Annuity taxed as a pension at retirement
- Little flexibility: capital unavailable
Who it is for
Salaried directors organising the pay of their category, and the managers who benefit, who need to factor it into the analysis of their wealth. The exemption from social charges comes at the cost of unavailable savings and an annuity exit.
Worked illustration
Example based on assumptions
Assumptions: a senior executive is covered by a mandatory PER funded by an employer contribution of 8% of salary. On a €75,000 salary, the contribution comes to €6,000 a year, exempt from social charges within legal limits. At retirement, this capital will be converted into a taxable life annuity. The amount of the annuity depends on age and the tables in force.
Regulatory information
This sheet is a general information document of a commercial nature. It constitutes neither personalised investment advice, nor a recommendation, nor a solicitation, and it is not a key information document. Any decision requires a prior analysis of your situation by a duly authorised professional. Investments carry a risk of capital loss. Past performance is no guide to future performance. Taxation depends on each person's situation and may change.
Savings unavailable until retirement or for five years, except in the cases provided by law. Unit-linked investments carry a risk of capital loss. The tax advantage on entry is matched by taxation on exit, depending on the exit method chosen. Annuities are taxed as pensions.
Complaints and mediation
Any complaint may be sent to ASTERALE, 4 allée Django Reinhardt, 94110 Arcueil, France, or to sebastien.bailly@asterale.fr. Failing a satisfactory reply within two months, you may refer the matter to the competent mediator. For financial investment advice: the AMF Ombudsman (Médiateur de l'AMF), 17 place de la Bourse, 75082 Paris Cedex 02 (www.amf-france.org/fr/le-mediateur). For insurance broking and intermediation, banking and payment services intermediation and property transactions: ANM Conso, 2 rue de Colmar, 94300 Vincennes (www.anm-conso.com, contact@anmconso.com).
Information sheet updated on 6 October 2026. Download the sheet (PDF)
Book a meeting
The first meeting, of about an hour, is used to check whether this scheme has a place in your wealth.