|
|
France considering private pension funds.
- Article from:
-
Business Insurance
- Article date:
-
January 13, 1997
- Author:
-
|
Copyright informationCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The French Parliament will deliberate in Jan. 1997 on regulation that allows contributions by private employers and employees to private pension funds. The proposal sets a 5% share of an employee's total gross salary to such funds in aid of government pensions. An employer contribution of 4% of payroll will not be classified as taxable income if total state and private contributions fall below 164,620 francs ($30,932).
PARIS - Both houses of France's Parliament are scheduled to hold a second round of deliberations this month on a bill that would permit private-sector employers and employees to contribute to private pension funds.
Under the proposal introduced in the lower house of ...