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What is the difference between my Collective PER and my Mandatory PER?

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What is the difference between Collective PER and Mandatory PER?

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The two savings plans are perfectly complementary and aim to help you build up savings for your future retirement with the help of your company.

Here's what's different:

  • The obligatory nature :

    • in the case of the Mandatory PER , all employees concerned are obliged to join it and contributions are obligatorily and automatically paid (except under certain conditions).

    • The Collective PER is open to all employees but remains optional (you are not obliged to place your bonus or make payments on it).

  • Payment conditions :

    • For the Mandatory PER : the “ compulsory contributions ” paid by your employer are not conditional on the achievement of objectives or the results of the company.

    • For the Collective PER : your profit-sharing and participation bonuses which contribute to it are subject to the achievement of objectives.

  • Power sources :

    • The Mandatory PER is mainly funded by compulsory contributions which correspond to fixed and regular amounts, paid by your employer. ⚠️ Contribution from your employer is not possible within the framework of a Mandatory PER and premiums can be paid under certain conditions. You can also make personal payments.

    • The Collective PER is mainly funded by your profit-sharing bonuses , participation bonuses, unused rest days as well as your employer's contribution and personal payments.

  • The output mode :

    • For the Mandatory PER , you can release your savings mainly in the form of an annuity (as an exception, you can withdraw as capital the sums from personal payments, as well as the sums from compulsory contributions in the case where the annual annuity is less than 1200 €).

    • As part of a Collective PER , you can choose to take out your savings in the form of an annuity and/or capital.

  • Release case: you can release your savings when you acquire your main residence for your collective PER . On your compulsory PER, you cannot release the sums from compulsory contributions for this reason.

  • Number of available funds : The Mandatory PER being an insurance contract, it offers access to more investment funds , in particular funds in euros.

  • Additional options : The Mandatory PER being an insurance contract, it includes in its contract a “ floor guarantee ” and a “ beneficiary clause ”.