#2015-1702Social Security Financing Law for 2016
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law outlines the financial arrangements for France’s social security system for the year 2016, focusing on both revenue and expenditure. It aims to manage the social security deficit by adjusting debts and enhancing the financial balance of various social security branches.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Adjustment of debt by transferring 23.6 billion euros to CADES
- Focus on reducing the social security deficit
- Funding of social security through borrowing
Obligations
What this law requires
Transfer social security branch deficits (Maladie, Famille, Vieillesse) to CADES according to the established reprise schedule, respecting the annual cap of 10 billion euros and total cap of 62 billion euros
Report the patrimonial situation of mandatory basic social security schemes and related organisms as of December 31 each year, including assets, liabilities, and capital accounts
Finance the net debt of social security (capitaux propres négatifs) primarily through borrowing managed by CADES and ACOSS
Manage the deficit reduction of basic social security branches (Maladie, Famille, Vieillesse) and FSV, with deficits from 2012-2018 eligible for CADES reprise
Modify the debt reprise schedule for 2016 onwards as proposed in PLFSS 2016, allowing CADES to finance the entire remaining deficit balance while respecting global ceiling limits