You are a company

Funding your employee benefit obligation

Funding your employee benefit obligation

With a CNP Assurances plan, you can fund and therefore effectively manage your "IFC" employee retirement indemnity obligation. Under certain conditions, the annual sums you choose to pay into the plan may be tax deductible up to the amount of your retirement indemnity obligation. If you wish, we can perform an actuarial calculation of your obligation to help you determine the appropriate amount to pay into the plan. 

CNP Assurances supports you, allowing you to focus on your core business

We will measure and manage your retirement indemnity obligation. Our experts perform an actuarial analysis and determine the appropriate amount to pay into the plan. You decide whether you wish to pay the entire amount or not. The analysis is performed regularly at your request.

With CNP Assurances, you benefit from the expertise and financial strength of company that has been a member of the Caisse des Dépôts group for 160 years.

Why do you need a retirement indemnity funding plan?

The advantages for your company:

  • The retirement indemnity funding plan allows you to outsource all or part of your obligation: under certain conditions, you can deduct your plan payments from your taxable income.
  • The financial income generated by investing the amounts paid into the plan (4.10% gross in 2013) are not taxable for your company and therefore reduce your funding requirement.
  • We manage the sums you accumulate on your plan based on your forecast employee retirement schedule. 

Social and tax impacts of retirement indemnities for your employees:

Elective retirement:
  • Other than in the case of an employment preservation plan: the lump-sum retirement indemnity is liable to income tax, social security charges and the CSG/CRDS social levy.
  • In the case of an employment preservation plan: the indemnity is not liable to income tax. Exemption from social security charges is limited to a maximum of twice the PASS (Social Security Annual Ceiling). Exemption from CSG/CRDS is limited to the amount of the statutory or contractual severance pay.
Forced retirement:
  • For amounts less than ten times the PASS: the indemnity is exempt from income tax, social security charges and CSG/CRDS up to a certain limit.
  • For amounts higher than ten times the PASS: the indemnity is exempt from income tax up to a certain limit. However, it is included in total compensation for calculating social security charges and is liable in full for CSG/CRDS.