In France, companies can implement a PERO (Plan d’Épargne Retraite Obligatoire), a collective pension savings plan designed to help employees prepare for retirement through regular employer contributions.
At MIA Assurances, we help businesses set up tailored PERO schemes aligned with both legal obligations and social protection strategies.
What is the PERO?
The PERO is a mandatory pension savings plan established by the employer. It enables the company to contribute financially to its employees’ future retirement in a structured and tax-efficient way.
Contributions are made on a monthly or quarterly basis, based on the plan agreement. The structure typically includes:
- A fixed employer contribution for all eligible employees
- An optional matching contribution (if applicable)
- Specific eligibility or vesting rules (e.g. seniority, position)
Key benefits for the employer
- Full compliance with French social and labor law
- Enhances the company’s employer value proposition
- Allows tax and social security exemptions on contributions
- Encourages loyalty and long-term retention among employees
What happens at retirement or if the employee leaves?
The savings invested in the PERO are locked in until retirement, except in specific early release situations (e.g. death, disability). At retirement, the accumulated savings can be withdrawn as a lump sum or converted into an annuity, depending on the contract.
If the employee leaves the company before retirement, the plan remains active. The savings can either stay invested or be transferred to another retirement account.
How MIA Assurances supports you
Our team assists you in:
- Designing a plan aligned with your HR and budgetary goals
- Selecting a suitable insurance provider (e.g. Abeille, Generali)
- Ensuring full legal and regulatory compliance
- Communicating clearly with your teams in both French and English
The PERO is more than just a pension plan. It’s a strategic tool to secure your employees’ future while reinforcing your position as a responsible employer.