Without knowing it, you may have been benefiting from a nest egg for years.
Life insurance in the event of death, bank accounts and even forgotten retirement savings indeed represent billions of unclaimed euros!
This is called dormant contracts, a scourge that suits the business of market players but greatly penalizes individuals.
Several successive measures have therefore aimed to reverse the trend.
The law of February 26, 2021, supplemented by a decree of June 25, 2021, specifically addresses unliquidated retirement agreements.
And, good news, a new information obligation has applied in this area since July 1, 2022. Decryption.
Unsuspected subscriptions
According to a 2018 report by the Prudential Supervisory and Resolution Authority (ACPR), the watchdog of the insurance and banking sector, supplementary pension contracts not settled by their beneficiaries represent some 10.6 billion euros spent year.
That said, we can partly explain it by the fact that we often work later and later, knowing that the funds saved in this context can only be recovered once you retire.
Thus, the figure drops to 5.4 billion euros unclaimed past 65 years, against 1.8 billion beyond 70 years.
Nevertheless, this represents a hell of a sum in waiting!
However, among the main causes of this phenomenon, the authorities have highlighted the lack of identification of policyholders and their dependents.
In the explanatory memorandum to the parliamentary text which resulted in the law of February 26, 2021, we can thus read that “the number of undelivered envelopes can reach 90% for certain organizations for insured persons over 70 years old”.
And to add: "The problem is particularly important on collective contracts with compulsory membership, which are subscribed not by individuals but directly by companies and whose beneficiaries are not always aware of the existence".
To compensate for this shortcoming, the legislator has therefore decided to improve worker information.
Overview in one click
Before the harmonization carried out in 2019 through the creation of the retirement savings plan, the PER, and its collective versions, many financial products could be contracted by companies for the benefit of their employees.
Do you think that one of your former bosses could have taken out a Madelin contract, a Perp, a Perco, a Pere or one of the so-called article 83 and article 39 devices?
Since July 1, 2022, legislation has given you the means to check the status of your rights at any time!
From now on, all employees, whether retired or still working, can consult the list of all their current supplementary retirement savings contracts in just a few clicks, whether they have been taken out individually or collectively.
Simply connect to your personal space on the official info-retraite.fr platform, or via the mobile application My retirement account, to access the new online service “My retirement savings contracts”.
Our "RETIREMENT" file
For their part, the insurance organizations are required to provide an updated list of their agreements once a year to the GIP Union Retraite, the public interest group in charge of this service.
According to Drees, the statistical institute of the Ministry of Health, there were 14.3 million supplementary retirement contracts at the end of 2020.
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The role of employers
Collective retirement savings contracts are not always well identified by workers,
especially
when they are taken out at group level.
This is why the law of February 26, 2021 now requires all employers to provide each departing employee with a complete summary of the sums and securities saved or transferred within the company.
This report serves as a reminder of the beneficiary's rights on the occasion of the remittance of his balance of any account.
Similarly, this document must specify how to obtain the liquidation or transfer of the funds concerned.
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