Skip to Main content Skip to Navigation
Book sections

France: Promoting Funded Pensions in Bismarckian Corporatism?

Abstract : Following the Bismarckian social insurance tradition, the post-war pension system of France has been characterized by occupational fragmentation, its strong reliance on pay-as-you-go financing, and by the direct involvement of employers and trade unions in their management. Generous benefits offered a combination of statutory public pension and mandatory occupational pensions, initially crowding out any funded private pensions. However, pension reforms that promoted retrenchment both in the two pay-as-you-go-financed statutory public and occupational pension schemes since the 1990s have resulted in the gradual development of funded private pensions. In recent years, the governance of mandatory occupational schemes has been harmonized and inequalities between different occupational categories have been reduced. While the regulatory framework governing voluntarily funded plans (both occupational and personal pensions) has been largely unified, access to these schemes remains mostly limited to high-skilled employees.
Document type :
Book sections
Complete list of metadata

https://hal-sciencespo.archives-ouvertes.fr/hal-02190240
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Monday, July 22, 2019 - 11:49:25 AM
Last modification on : Friday, July 2, 2021 - 1:59:53 PM

Identifiers

Collections

Citation

Marek Naczyk, Bruno Palier. France: Promoting Funded Pensions in Bismarckian Corporatism?. Bernhard Ebbinghaus. The Varieties of Pension Governance: Pension Privatization in Europe, Oxford University Press, pp.89 - 118, 2011, 9780199586028. ⟨hal-02190240⟩

Share

Metrics

Record views

85