Company pension savings plans: growth continues in the third quarter of 2017
Contributions to Company Pension Savings Plans1% during the first nine months of 2017 to 1,870 million Euros. Voluntary payments accounted for 60 million Euros of this figure -3.2%).
Benefits paid over the same period were 1,525 million Euros, an increase of 10.0%.
The net inflow of funds was 345 million Euros over the first nine months of 2017.
At the end of September 20172, Company Pension Savings plans covered 4.3 million insured parties (+6.6% over one year) and their value was 56.1 billion Euros, up 4.2% over the year.
1A company pension savings plan is a pension insurance mechanism, put in place by a company for its employees to assist them in preparing for retirement. The plan guarantees payment of an income for life, thus offering future retirees additional protection. Employees can make voluntary individual payments in addition to the contributions payable by the employer and the employees.
2The statistics are for companies governed by the French Insurance Code (direct business). The value corresponds to the mathematical provisions. Benefits are for all contracts, in both the saving phase and the pay-out phase.