The Minister of the Economy announced on Sunday that the Retirement Savings Plan (PER) system had crossed the thresholds of more than 100 billion euros in assets and 10 million holders at the end of 2023, results which exceed expectations .
Resulting from the 2019 Pacte law, the PER is a savings tool to prepare for retirement. Payments are free but cannot be recovered before retirement, except in exceptional cases such as the purchase of a main residence or well-defined life accidents (disability, over-indebtedness, expiry of unemployment insurance rights, etc.).
At the end of professional life, two options are possible: a lump sum payment or a monthly annuity. At the end of 2022, the PER totaled 80 billion euros in assets and more than 7 million French people had subscribed to one.
Outstandings reach 102.8 billion euros
As of December 31, 2023, based on data made available by all professional federations marketing PERs, more than 10 million people already benefit from a PER and the outstanding amounts on these PERs reach 102.8 billion euros, indicates Bercy in a press release, welcoming results which exceed expectations.
This dynamic concerns both corporate PER, collective (23.4 billion euros of outstanding) and mandatory (19.5 billion euros of outstanding), as well as individual PER (59.9 billion euros of outstanding and more than 3.69 million holders), details the press release.
A success for the French
Instead of the numerous products (PERP, Madelin, article 83, PERCO), with heterogeneous and complex operating rules, the new PER is a particularly attractive product which offers numerous advantages, highlights Bercy.
The Minister of Economy and Finance Bruno Le Maire, quoted in the press release, hailed a success for the French who now have a savings product adapted to prepare for their retirement. But it is also a success for our companies which need long-term investments to support them through major transitions.
Reproduction forbidden.