Do you want to recover the money placed in your company savings plan? This is possible in certain very specific cases.
Do you know what a company savings plan, or PEE, is? This is a collective savings scheme that a company offers to its employees in order to help them build up savings while benefiting from tax advantages. All employees of a company can therefore benefit from it, but it is sometimes necessary to have at least 3 months of seniority. In companies with fewer than 250 employees, the manager is also affected by the system. The PEE is funded by the employee’s payments but also by the sums coming from participation, the value sharing bonus (PPV), or the bonus from the company valuation sharing plan (PPVE).
According to legal provisions, the sums are unavailable for a period of 5 years from each payment. But there are exceptions which allow the amount to be withdrawn, in whole or in part, before this deadline. Thus an employee can ask to recover this money if he marries or enters into a civil partnership, upon the birth or adoption of a third child, if he separates with custody of at least one child, in the event of disability, death of his partner, termination of the employment contract or even if he wishes to create or take over a business. Another common situation, the PEE can be released to buy housing, carry out energy renovation or to restore it after a natural disaster.
However, there are also much lesser known situations. Thus an employee can ask to recover the money from their PEE to buy a clean vehicle or a new pedal-assisted cycle. And that’s not all: an employee also has the possibility of releasing the sums present in their PEE in the event of over-indebtedness.
The Minister of SMEs Serge Papin announced at the beginning of January that the government wanted to extend this possibility, within the limit of 2,000 euros, to the most modest households. This is currently only a proposal and has not yet been definitively adopted. It must be debated in the coming weeks in the National Assembly.
