Accéder directement au contenu Accéder directement à la navigation
Pré-publication, Document de travail

Complementing or Replacing Old-Age Insurance? The Growing Importance of Funded Pensions in the French Pension System

Abstract : The French pension system has for long been characterised by its very low reliance on funded pensions, which have almost become a taboo subject since the Second World War. While other countries have often complemented statutory pensions with funded occupational pension schemes, in France, the social partners have put in place an encompassing network of supplementary pension arrangements financed on a pay-as-you-go (PAYG) basis. The generosity of these schemes and their defence by trade unions and part of the business community has considerably limited the room for expansion of funded pension schemes. However, the role played by these supplementary PAYG schemes has significantly changed over the last two decades. First, the gradual harmonization of rules within the different schemes and their compliance with EU social security regulations are leading to their quasi “first-pillarization”. Second, similar to statutory pensions, these schemes have also undergone gradual retrenchment and will offer reduced replacement rates. As a result, the development of pension savings has been implicitly promoted, although more on a voluntary basis than on a compulsory one. Despite a unification in the regulatory framework governing funded – occupational and personal – pension plans, access to these schemes remains mostly limited to high-skilled workers.
Type de document :
Pré-publication, Document de travail
Liste complète des métadonnées

Littérature citée [81 références]  Voir  Masquer  Télécharger

https://hal-sciencespo.archives-ouvertes.fr/hal-02190258
Contributeur : Spire Sciences Po Institutional Repository <>
Soumis le : lundi 22 juillet 2019 - 11:59:07
Dernière modification le : vendredi 2 juillet 2021 - 13:59:53

Fichier

2010-naczyk-palier-wp.pdf
Fichiers éditeurs autorisés sur une archive ouverte

Identifiants

Collections

Citation

Marek Naczyk, Bruno Palier. Complementing or Replacing Old-Age Insurance? The Growing Importance of Funded Pensions in the French Pension System. 2010. ⟨hal-02190258⟩

Partager

Métriques

Consultations de la notice

61

Téléchargements de fichiers

175