How to recover your employee savings?

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The lifeblood of companies, workers have a lot to do with the success of a company.

It is therefore normal that in case of good performance, they receive their share of the pie.

This is the purpose of employee savings schemes.

That being said, the operation of these accounts is supervised and access to the sums invested is restricted.

Unless you can justify an exceptional situation, your money is then unavailable for several years.

A long-term vision

Any company with 50 or more employees is required to set up a participation mechanism in order to redistribute part of its profits to its teams.

Each year, at the end of the financial year, employees are therefore informed of the amount that is theirs by right.

At that time, they then have 15 days to request the payment of part or all of this premium, otherwise the money will be blocked for five years, or even eight in the absence of a participation agreement.

The optional incentive scheme, which corresponds to a bonus proportional to the company's results or performance, follows the same logic of immediate payment.

And, failing that, blocking for at least five years, and sometimes much more.

In either case, the sums concerned are generally placed in specific portfolios.

It can then be a company savings plan (PEE), group (PEG) or inter-company (PEI), or even a product dedicated to your old age, like the old Perco (plan of savings for collective retirement) and its successor, the PER (retirement savings plan).

Otherwise, the participation agreement may provide for placing part of the money in a blocked current account of the company.

Emergency cases

If the blocking of these funds in the medium or long term potentially makes it possible to earn interest, it can also become a financial brake in the life of the workers.

This is the reason why the legislator has provided for certain cases of early release.

Topping the list, most tragedies that arise in your personal or professional life allow you to get your funds back before the due date.

This is obviously possible when you or your spouse or PACS partner dies or is the victim of a disability (children's infirmity is also taken into account).

Likewise, your over-indebtedness and the expiration of your unemployment insurance rights also give you access to your money.

On the other hand, situations of divorce, separation and dissolution of a PACS with the custody of at least one child, as well as the termination of the employment contract, are only taken into account in the context of PEE, PEI, PEG and the blocked account for participation, while they are excluded by the products dedicated to retirement.

On the side of happy events, only the acquisition of a main residence allows you to draw in your pot every time.

If the Perco and the PER have nothing to do with births and unions, classic employee savings plans also allow you to increase your budget in the event of marriage, conclusion of a PACS and birth from the third child, as well as for the creation or takeover of a business.

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The novelty: domestic violence

Running away from a violent companion implies having certain financial resources.

During the Grenelle against domestic violence organized in November 2019, it was decided to use employee savings as a boost to allow victims to move away from their attacker.

Pursuant to a decree published in

of June 6, 2020, employees can release their money in advance in the event of violence committed by their spouse, their partner, their PACS partner or their ex-companion.

However, the victim must first have obtained a legal protection order prohibiting the person responsible from entering into contact with her or her relatives.

Unblocking is also possible as soon as legal proceedings relating to this violence are underway.

• Business

• Saving

• Employees

• Rights