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
No, only the assets held with the employer where employment is ceasing can be released.
Yes, if supporting documents are provided.
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.