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Ending of the employment contract

Early redemption in case of ending of the employment contract.

According to French law

Deadline: None

Eligible schemes: PEE (company savings plan) / PEG (group savings plan) / PEI (inter-company savings plan)

Supporting documents to accompany the redemption request

Trigger event date: employment contract end date

  • Copy of certificate of employment
    • Or Statement from the employer confirming the contract has been terminated
    • Or Statement of eligibility for retirement if this gives the employment contract end date

Trigger event date: term of office end date

  • Statement from company that serving as a corporate office was not combined with an employment contract

And

  • Record of removal from post issued by decision-making body
    • Or Record of non-renewal of term of office issued by decision-making body

Trigger event date: term of office end date

  • Confirmation self employment has ended from French social security contributions collection agency (URSSAF) or self-employed welfare body RSI
    • Or Certificate of the Delegated National Fund for the Social Security of the Self-employed
    • Or Acknowledgement of removal from the Trades and Companies Register (RCS) or skilled trades register (Répertoire des Métiers) or from the Delegated National Social Security Fund for the Self-employed.

Trigger event date: term of office end date

  • Acknowledgement of removal of unremunerated spouse/civil partner from the Trades and Companies Register (RCS) or skilled trades register (Répertoire des Métiers)

Trigger event date: term of office end date

  • Deed of sale of the company shares

And

  • Amended company articles

Et

  • Copy of marriage certificate in the family register (livret de famille) or issued by a local registrar
    • Or Copy of birth certificate issued by a local registrar recording the PACS civil partnership

Additional information

Conditions

Release, whether in full or in part, takes the form of a single payment. One release cannot therefore be phased or paid in instalments.

Release is possible regardless of the circumstances surrounding the end of the employment contract, be it dismissal/redundancy, resignation, the end of a fixed-term contract (CDD) or termination of a permanent contract of employment (CDI), or taking retirement.

Excluded events

  • Transfer from one company to another within a group of companies with no termination of the employment contract
  • Ending of a term serving as a corporate officer while an employment contract continues to run
  • When a fixed-term contract (CDD) is followed by a permanent contract of employment (CDI) with a continuous contractual relationship between the account holder and the employer
  • Maternity, adoption or parental leave

Questions / Answers

Strictly speaking, retirement is not grounds for release.

However, by extension, taking retirement is a situation where a contract of employment ends, and as such, a situation where early release is possible.

By submitting a statement of eligibility for retirement giving the employment contract end date, a retired person can release holdings of assets in a company savings plan (PEE) or a collective retirement savings plan (PERCO), retirement being the usual end date of the latter. However, the holder cannot request a new release of holdings of assets in a company savings plan by submitting evidence of the end of the contract of employment if it has previously been requested supported by a statement of eligibility for retirement.