PEE - Plan d'Epargne Entreprise (Employee Savings Scheme)

OPTIONAL SCHEME A COMPANY MAY ADOPT ON ITS OWN INITIATIVE

The P.E.E. is the core of a company's employee savings scheme. It was legally instituted in 1967 and is entirely optional. It is easy to manage whatever systems are already in place.

Objective
To enable employees to build up capital through company support and tax exemptions and manage it in the best conditions by collective administration.

Eligible employers
Any employer, whatever the legal status and number of employees.

Beneficiaries
Employees
Any employee can join an Employee Savings Scheme. It is entirely optional. A maximum length of service may be required but may not exceed six months.

Funding
Employee payments.
These have an annual upper limit which is a quarter of the gross annual salary. The annual minimum cannot exceed € 160

Employer participation.
The employer may make extra payments within the limit of three times the employee contribution and of € 2 300 per year.Management costs are a compulsory minimum participation.The participation payment system is highly flexible and must be related to the employees' savings system. It can be, e.g.:

•  fixed rate;
•  proportionate or inversely proportionate to the amounts paid by employees;
•  variable according to the chosen types of investment.

Other sources.
The P.E.E. savings scheme can also be funded by profit shares and bonuses.

For further information, please contact us!