To supplement the basic pension, the supplementary pension is managed by so-called “complementary” pension funds. It is thus added to the basic pension paid by the general social security system. In France, three levels of social protection coexist in terms of retirement, whether it is the basic pension managed by distribution, the supplementary pension or the supplementary pension. Is supplementary pension compulsory?
The supplementary pension is paid to the insured according to the pension fund on which he depends. Each socio-professional category thus has a supplementary old-age scheme and its own pension fund. Each insured person is automatically affiliated to the supplementary pension fund corresponding to his plan and socio-professional category. To receive it, you must cease all professional activity, meet age and career conditions, but also apply for Agirc-Arrco pension liquidation, for private sector employees.
The supplementary pension is compulsory. It works on a points system. Therefore, the contributions paid for the supplementary pension are converted into pension points. Each employee thus accumulates points in an account opened in his name: the number of points acquired and the value of the points, set by the pension scheme, therefore make it possible to determine the amount of the supplementary retirement pension to which the insured can claim. The calculation of his supplementary pension is then based on three elements, the contribution base, the point calculation rate and the value of a point.
