French Monetary and Financial Code
In forceIndividual rights in the process of being built up may be transferred to any other retirement savings plan. The transfer of rights does not entail any change in the conditions for their purchase or liquidation as provided for in this sub-section.
The costs incurred in connection with such a transfer may not exceed 1% of the rights acquired. They are null and void at the end of a period of five years from the first payment into the plan, or when the transfer takes place from the due date mentioned in article L. 224-1 of this code.
Individual rights relating to company pension savings plans to which the employee is a compulsory member are only transferable when the holder is no longer required to join the plan.
Where the retirement savings plan gives rise to membership of a group insurance contract, the performance of which is linked to the cessation of professional activity, the contract may provide for the transfer value to be reduced under conditions and limits set by regulation, in the event that the transfer right of the mathematical provisions exceeds the proportion of the assets representing them.
Individual retirement savings plans giving rise to subscription to a group insurance contract whose performance is linked to cessation of professional activity and company retirement savings plans provide for the conditions under which the subscribing association or company may change manager at the end of a notice period which may not exceed eighteen months.
