To date, releasing the money from an employee savings plan is not always easy. But a new pattern has been introduced and few people know about it. Yet millions of people are affected.
With the end of the year approaching, it’s time for businesses to take stock and do the accounts. Then, generally in the spring, those who have achieved a good financial result pay into employee savings. Two systems allow it to be stored: the PEI (Inter-company Savings Plan) and the PEE (Company Savings Plan). The first is used by more than 430,000 companies in France. And there is change.
The PEI is specifically designed for companies with fewer than 250 employees who do not wish to create their own internal plan. The vast majority of new companies equipping themselves today are VSEs (very small companies) which go through a PEI, because its implementation is simplified (adherence to an already existing plan at the level of a branch or a financial organization).
If you have a PEI, you probably also have a PER Collective (or PERCO), because these two products are almost systematically offered together by banks to cover both medium-term savings and retirement. And this brings us to the conditions for releasing the amount you have in this savings account, normally blocked for 5 years. Until now, it was possible to recover all or part of the capital (tax-exempt) without delay in the event of breach of contract, death, disability, over-indebtedness or domestic violence.
Among the three new reasons added recently, only one is added to the list of those that allow funds to be recovered at any time. This is the case where you are a “caregiver”. Generally, this means that you must reduce or stop your activity to care for a dependent loved one. You can make the request at any time as long as you meet the conditions (proof of caregiver leave or assistance provided to a dependent relative).
As a useful reminder, a caregiver is a person who provides regular, frequent and non-professional help to a loved one who is losing their autonomy (due to age, disability or illness). 9.3 to 11 million French people are considered caregivers, or around 1 in 6 French people! And, among employees, around 20% of workers (1 in 5) are now caregivers. Estimates from relevant bodies indicate that this figure will increase to 25% by 2030.
