Pension funds

A pension funds (or funds of retirement) is a Fonds of investment specific to the Retraite by capitalization.

Operation

Such funds:
  • is fed by contributions of employers and/or employees,
  • holds and manages a Financial credit wallet of (actions and obligations in particular),
  • is intended to get a Life annuity with the employees concerned starting from their retirement.

Establishment

In certain countries (in particular Anglo-Saxon but also, more recently, in Eastern Europe), the Undertaken S, Public administrations and free lances pour obligatorily a part or the unit of the contributions of retirement on pension funds. In others, the retirement by capitalization either does not exist, or functions only starting from voluntary contributions with of the obligatory system by distribution.

The pension funds have the role to collect and place immense quantities of money (sufficient to finance the retirements of million people). They thus have an important economic weight and are very present in the capital of the companies and on the Financial markets.

Various alternative reflections start to question the part played by the enormous sums managed thus by the pension funds: in order to remunerate the cotisants, these funds began to accumulate substantial benefit out of purse or active various. In fact, the Volatilité to which they would contribute on the Financial markets and the little of case which they would make of the social consequences of their movements considered Spéculatif S would increase the pressure on work.

A reflection can be committed on this individual saving, in particular on the tax conditions offered for very left the sphere known as " collective and solidaire" of these amounts: to gradually leave a does saving complementary to the mode by distribution (which itself besides is favoured fiscally) have to be encouraged by an tax incentive? The collective Budget does it have to support a disengagement of what some consider the interpersonal Solidarité?

One estimated into 1999 that more than 37% of the capital of the companies of CAC 40 was then held by Anglo-Saxon pension funds.

See too

  • Épargne reprocesses

External bonds

Zh-classical: 年金

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