Paris, 18 September 2014
Responsible for coordinating the insurance pool since 2007, CNP Assurances has won a new contract to fund the Suez Environnement group's pension obligations in France through a supplementary, points-based pension plan (known as an "L441" plan).
The plan will be co-insured and will cover pension obligations of more than €300 million and almost 15,000 Suez Environnement employees.
Magaly Siméon, head of CNP Assurances' Social Protection and Services business unit commented: "We are delighted in this mark of confidence from a partner as important as Suez Environnement. Employee pension issues are becoming increasingly complex and it is crucial for us to support our partners over the long term to protect the pension savings of their employees and retirees and to offer them our end-to-end solutions."