#94-678Law on Complementary Social Protection of Employees
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The law LOI no 94-678 establishes provisions for complementary social protection for employees in France, aligning national regulations with European directives pertaining to mandatory complementary retirement schemes and the functioning of related institutions. It outlines the legal framework for retirement institutions, their obligations, and the structure for employee participation, as well as collective and individual insurance operations within a regulated environment. Key stipulations include the requirement for mandatory adherence and adherence to regulations by institutions, alongside the maintenance of social objectives.
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Key Changes
- Renaming of sections in the Social Security Code to reflect the new regulations regarding complementary retirement and social protection.
- Alteration of references and articles in existing codes to align with the new institutional structure of retirement schemes.
- Provisions regarding the eligibility and compliance timeline for existing institutions and their agreements.
Obligations
What this law requires
Complementary retirement institutions must implement retirement schemes established through extended and broadened national inter-professional agreements in accordance with Title I provisions of Book IX of the Social Security Code.
Complementary retirement institutions that are members of federations must participate in compensation of operations conducted by other member institutions within the federation.
Before signing an adhesion bulletin or subscribing to a contract, the mutual benefit institution must provide the adhering employer with the applicable regulations, proposed adhesion bulletin or contract proposal, and all related annexes.
Adhering employers must pay contributions at the agreed times.
Adhering employers must accurately respond to all written questions posed by the mutual benefit institution regarding the group to be covered, including company activities, group size, and sociodemographic characteristics.