Purchasing power: MPs want to encourage the payment of RTT


The National Assembly on July 6. Le Figaro

An amendment proposes to align the tax and social regime for the purchase of RTT days with that of overtime.

The National Assembly is preparing to examine the amending finance bill, the second drawer of measures for the purchasing power desired for the government to deal with inflation. Presented from this Thursday in front of the hemicycle, this text will be examined by the deputies with a notable amendment concerning the takeover of RTT, indicates the daily Les Échos.

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The amendment, tabled by deputies of the presidential majority, proposing an alignment of the social and tax system for RTT redemptions with that of overtime, at least temporarily. Because currently, overtime benefits from an exemption from employee social security contributions and income tax, which is not the case with the purchase of RTT.

Aligning the two schemes would allow, according to the deputies, to strengthen the purchasing power of employees who have RTT, according to the deputies. The Minister of the Economy Bruno Le Maire for his part declared himself open to proposals relating to the “valuation of work» and in particular to «proposals on overtime and on the possible redemption of RTT“, during the presentation of the bill on purchasing power, Monday. A position confirmed by the services of Bercy, contacted by Le Figaro.

A measure already defended by Valérie Pécresse

This proposal, carried by deputies of the majority, is also defended in a different wording by the elected LRs. The right-wing candidate for the presidential election, Valérie Pécresse, had also made it one of her hobbyhorses during the campaign.

This proposed a more drastic measure, namely “convert the RTT into salary without limit, exempt from employer contributions“. “You know that today, you can convert your RTT into wages, but companies still pay employers’ contributions so they have no interest in buying them back. They must redeem 110 which is worth 100“, had then developed Valérie Pécresse, explaining that”a lotof French people did not all take their RTT and would appreciate being able to convert them into salaries.

Employees benefiting from RTT (15% of private sector employees) are overwhelmingly executives, who can already negotiate a buyback of days – but this negotiation is carried out on a case-by-case basis with the employer, if no collective agreement has not been signed in this regard. However, at this stage, few studies exist on the number of days off that employees do not take and “lose” for lack of redemption.

For the defenders of the measure brought to the Assembly, the current system is not enough of an incentive for employers and deserves to be softened in terms of cost. This measure, if adopted, would not, however, be permanent: it would only concern RTTs obtained during the period from January 1, 2022 to December 31, 2023. Time to pass the bulk of the wave of inflation.


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