Skip to Main content Skip to Navigation
Book sections

The French Mandatory Occupational Pension Scheme: History and Properties of a Point System

Abstract : This chapter deals with the French PAYGO mandatory occupational pension scheme for the private sector workers (AGIRC-ARRCO), one of the world’s oldest pension point systems. In a first section, we trace the history of the setup of this system which relies on a particular mode of governance (joint administration by trade union and employers’ respective representatives). The second section is dedicated to the analysis of the tax distortion properties of the calculation rule of this defined contribution supplementary pension system. We also discuss the similarities with the German and Swedish pension systems. Weakened by the 2008 economic crisis, this jointly administered French supplementary pension scheme had to undergo a severe adjustment in “emergency mode” (Turner, Social security financing: Automatic adjustments to restore solvency, Washington, DC: AARP Public Policy Institute, 2009), in October 2015. We detail this agreement and show how it restores medium term balance and enacts the principles of sustainable governance.
Document type :
Book sections
Complete list of metadata

https://hal.archives-ouvertes.fr/hal-02521185
Contributor : Valorisation Service <>
Submitted on : Friday, March 27, 2020 - 11:57:31 AM
Last modification on : Monday, March 29, 2021 - 11:30:05 AM

Identifiers

Citation

Frédéric Gannon, Florence Legros, Vincent Touze. The French Mandatory Occupational Pension Scheme: History and Properties of a Point System. Marta Peris-Ortiz; José Álvarez-García; Inmaculada Domínguez-Fabián; Pierre Devolder. Economics Challenges of Pensions Systems: A Sustainability and International Management Perspective, Springer International Publishing, pp.211-233, 2020, 978-3030379117. ⟨10.1007/978-3-030-37912-4_10⟩. ⟨hal-02521185⟩

Share

Metrics

Record views

380