The retirement savings plan is more successful than expected

The Ministry of Economy and Finance is delighted with this while the debate still hovers over the reform of the pension financing system. The retirement savings plan (PER) was born with the Pacte law four years ago. It now totals seven million customers and 80 billion euros in assets. Initially, the services of the Minister of the Economy, Bruno Le Maire, posted a target of three million subscribers and a total investment of fifty billion euros.

The PER is a long-term savings product. Payments are free and cannot be recovered before retirement age, except in exceptional cases such as the purchase of a principal residence or well-defined life accidents such as disability, over-indebtedness or the end of rights. unemployment insurance.

When the hour of retirement strikes, two options are possible: a capital outflow or an outflow spread over time in the form of a regular annuity. The younger the client is when the plan is opened, the more risky the investments are to ensure a better return in the long term, but it is not the saver who bears the risk, it is the insurer who manages the product. The final capital is therefore guaranteed.

Success at all levels

The Retirement Savings Plan benefits from the concerns of the French around the system. This product foreshadows what French-style pension funds could be, a system that the government would like to see emerge but that the public authorities have difficulty in assuming.

Despite the debates, this recent dynamic around the Retirement Savings Plan concerns both company PERs and individual formulas… success is at all levels. This opens the way for supporters of a dose of capitalization in the financing of the system, and a strong reaction from opponents.