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The collective retirement savings plans (plan d'épargne pour la retraite collectif) were introduced by François Fillon in 2006. They are company plans that enable employees to get tax credits when they contribute to these funds. Employee contributions are strictly regulated.
According to the Institut national de la statistique et des études économiques (National Institute of Statistics and Economic Studies), in 2007 there were 9.6 million disabled people living in France. [4] In 2023, 140,000 people with disabilities aged 16 and older are living in specialized institutions. [5]
In 2018, Social security paid out €470 billion in social benefits, equivalent to 20% of France's GDP of €2,353 billion. [1] Its main expenditure is on benefits for the sickness branch of the general scheme (€198.3 billion) and benefits for the old-age branch of the general scheme (€126.3 billion).
If you subtract 23.8% from the average Social Security benefit for a true comparison of buying power, American retirees collect $1,359 per month to French retirees’ $1,630.
The employment risk. It consists of unemployment benefits, aid to reinsertion and professional rehabilitation, and early retirement, accounting for 7% of benefits. The risk of poverty and exclusion. It is taken in charge by 80% by the minimum income (RMI), and accounts for 2% of benefits.
The U.S. approach to retirement is also influenced by the availability of various retirement savings plans, such as 401(k)s and IRAs, providing people with additional means to support themselves ...
In France employees of some government-owned corporations enjoy a special retirement plan, collectively known as régimes spéciaux de retraite.These professions include employees of the SNCF (national railways), the RATP (Parisian transport), the electrical and gas companies (EDF and GDF) which used to be government-owned; as well as some employees whose functions are directly related to the ...
France is planning to toughen unemployment rules by restricting the period when jobless citizens receive welfare payments, Prime Minister Gabriel Attal said on Wednesday. President Emmanuel Macron ...