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Pensions In France
Pensions in France fall into five major divisions; * Non-contributory minimum pension *Mandatory state pension provision (first pillar) *Mandatory occupational pension provision (second pillar) *Voluntary private collective pension provision (third pillar) *Voluntary private individual pension provision (third pillar). Non-contributory minimum pension This minimum pension (''Allocation de Solidarité aux Personnes Agées'' in French) is the first level of the first pillar of the French pension system. The ASPA is a monthly benefit paid to low-income seniors, whether or not they are former employees. It is not a retirement pension: it is financed by the State, not by social contributions. It is a "social minimum", like the RSA (revenu de solidarité active). Since January 1, 2006, it has replaced the multiple components of the minimum old-age pension or the '' "Minimum vieillesse" '' in french. This pension is paid by the CNAV, the Caisse Nationale d'Assurance Vieillesse, th ...
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Social Pension
A social pension (or non-contributory pension) is a stream of payments from state to an individual that starts when someone retires and continues in payment until death. It is a part of a pension system of most developed countries, specifically the so-called zero or first pillar of the pension system, which is a part of state social security system. The social pension is different from other types of pension since its eligibility criteria do not require former contributions of an individual, but citizenship or residency and age or other criteria set by government. History The need for a social pension comes from the times of industrial revolution, when the new economic system boosted the mobility of workers, but loosened ties between family members, whose solidarity was protecting people from personal economic deprivation. This, along with impractical voluntary thrift and insurance, resulted in many workers retiring without any source of income. The first step in forming cash tra ...
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Profit Sharing
Profit sharing is various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company's profitability in addition to employees' regular salary and bonuses. In publicly traded companies these plans typically amount to allocation of shares to employees. The profit sharing plans are based on predetermined economic sharing rules that define the split of gains between the company as a principal and the employee as an agent.Moffatt, Mike. (2008) About.com Sharing Rule' Economics Glossary; Terms Beginning with S. Accessed June 19, 2008. For example, suppose the profits are x, which might be a random variable. Before knowing the profits, the principal and agent might agree on a sharing rule s(x). Here, the agent will receive s(x) and the principal will receive the residual gain x-s(x). Profit-sharing tends to lead to less conflict and more cooperation between labor and their employers. History Profit sharing has been common ...
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Pensions In France
Pensions in France fall into five major divisions; * Non-contributory minimum pension *Mandatory state pension provision (first pillar) *Mandatory occupational pension provision (second pillar) *Voluntary private collective pension provision (third pillar) *Voluntary private individual pension provision (third pillar). Non-contributory minimum pension This minimum pension (''Allocation de Solidarité aux Personnes Agées'' in French) is the first level of the first pillar of the French pension system. The ASPA is a monthly benefit paid to low-income seniors, whether or not they are former employees. It is not a retirement pension: it is financed by the State, not by social contributions. It is a "social minimum", like the RSA (revenu de solidarité active). Since January 1, 2006, it has replaced the multiple components of the minimum old-age pension or the '' "Minimum vieillesse" '' in french. This pension is paid by the CNAV, the Caisse Nationale d'Assurance Vieillesse, th ...
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Jean-Pierre Thiollet
Jean-Pierre Thiollet (; born 9 December 1956) is a French writer and journalist. Primarily living in Paris, he is the author of numerous books and one of the national leaders of the European Confederation of Independent Trade Unions (CEDI), a European employers' organization. Career He attended school in Châtellerault, before his studies in Poitiers classes préparatoires aux grandes écoles and his degrees in Parisian universities ( Pantheon-Sorbonne University, University of Paris III:Sorbonne Nouvelle, Paris-Sorbonne University). In 1978, he was admitted to Saint-Cyr (Coëtquidan). During the 1980s and till the mid-1990s, he was a member of a French Press organization for Music-hall, Circus, Dance and Arts presided by a well known journalist in France, Jacqueline Cartier, with authors or notable personalities as Pierre Cardin, Guy des Cars, and Francis Fehr. From 1982 to 1986, he was victim of illegal wiretaps (organized by the French President François Mitter ...
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2010 French Pension Reform Strikes
The 2010 pension reform strikes in France were a series of general strikes and demonstrations which occurred in France throughout September and October 2010. They involved union members from both the private and public sectors protesting in cities, including Bordeaux, Lille, Lyon, Marseille, Paris, Toulouse, Montpellier and Strasbourg, against a proposal by the French government to raise the normal retirement age for public pensions from 65 to 67 and early reduced pensions from age 60 to 62, which the Assemblée nationale has approved, while temporary pre-crisis taxes cuts are maintained for the benefit of the richest individuals and companies, and top government officials are subject to an ongoing corruption inquiry. Those who object to the changes say the poorest will be most affected by them. The strikes have led to a reduction in public transport services, motorway blockages by lorry drivers and disruption to oil deliveries to refineries leading to a national fuel shortage. ...
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Retirement Age
This article lists the statutory retirement age in different countries. Background In some contexts, the retirement age is the age at which a person is expected or required to cease work. It is usually the age at which such a person may be entitled to receive superannuation or other government benefits, like a state pension. Policymakers usually consider the demography, fiscal cost of aging, health, life expectancy, nature of the profession, supply of labor force, etc. while taking the retirement age into account. The increase in life expectancy is used in some jurisdictions as an argument to increase the age of retirement in the 21st century. Retirement age by country and region Many of the countries listed in the table below, are in the process of reforming the retirement ages (see the notes in the table for details). The ages in the table shows when an individual retires if they retire/have ret