Individual profit-sharing bonus: Indicate your choice to Natixis from May 6 to May 27 2021

As recently announced, the conditions to trigger profit sharing (financial leverage and achievement of performance criteria) have been met, meaning that individual bonuses can be paid to eligible Institut Pasteur employees. Since Thursday May 6, beneficiaries have been able to indicate their choice of payment to Natixis. You have until 5pm on Thursday May 27 to indicate your choice.

 

Three payment options available to eligible employees

We would remind you that the full profit-sharing amount is divided equally among eligible employees, regardless of pay level but pro-rated for presence during the 2020 financial year.
Natixis indicated the exact amount of the individual bonuses to eligible staff via their personal site from May 6.
 
Staff have three options to choose from for the payment of their individual bonus:

Receive the profit-sharing bonus directly (minus deductions for the General Social Contribution (CSG) and the Social Debt Repayment Contribution (CRDS)) by transfer to a bank or post office account. If this option is chosen, the bonus is treated as taxable income

Invest the full amount (minus the CSG and CRDS contributions) in a mutual fund under the Institut Pasteur Company Savings Plan, managed by Natixis. If the option of investing the bonus is chosen, the amount will not be treated as taxable income but it will be tied up in the employee's Company Savings Plan for five years (except in cases of early release provided for by law).

Unlike with voluntary payments to the Company Savings Plan, the Institut Pasteur does not make a matching employer contribution for the profit-sharing bonus if it is paid into the plan.

Or combine the two solutions – Company Savings Plan and direct payment

 

 

Schedule for indicating your choice

 

In practice:
· Eligible employees should indicate their choice directly to Natixis Interépargne, the financial intermediary and manager for the Institut Pasteur's Company Savings Plan (PEE).

· Eligible employees will need a personal Company Savings Plan account that has been finalized and is up to date to be able to indicate their choice (https://www.interepargne.natixis.com/). They will need this account even if they choose to receive the bonus directly.

Stage 1.     CHECK/FINALIZE/CREATE YOUR COMPANY SAVINGS PLAN ACCOUNT

·    If this has not been done, it is of the utmost important that all eligible employees check their personal information (email address, cell phone number and bank details/IBAN) on their personal Natixis site and update it if necessary.

·   For those who do not yet have a Company Savings Plan account or have not yet finalized their account, Natixis sent the necessary information (email sent on April 26-27) allowing them to log in and provide the information needed to finalize their account.

 

  Stage 2. INDICATING YOUR CHOICE, , from Thursday May 6 to Thursday May 27 (by 5pm)

•    On May 6, all those eligible for the profit-sharing bonus will receive an email from Natixis to their Pasteur email address or personnal email address. This will allow them to see the exact amount of their bonus on their personal Company Savings Plan site.
•    You can indicate your choice from Thursday May 6 to Thursday May 27 (by 5pm).
•    You should indicate your choice online, on the secure Natixis website, on your personal saver site.

Please note that if you have not indicated your response by May 27 at 5pm, in accordance with applicable legislation, the profit-sharing bonus will automatically be paid into your Company Savings Plan, into the most secure investment fund. 

 

Help and support

 

•    Natixis will be holding a Teams meeting on Tuesday May 4 at 1.45pm (in French) to help employees set up or update their personal Company Savings Plan site. To attend the meeting on your computer or via the mobile app, click here.

•    To find out more about the profit-sharing scheme and the results of the performance criteria, or to check out the frequently asked questions (FAQ), head to the relevant Webcampus pages, which contain detailed information on the topic.

•    There is also a dedicated Webcampus page with details about the Company Savings Plan. Here, in particular you will find the presentation given by Natixis during the Teams meeting on May 4.

•    All the information on the topic is available on Webcampus in French and English (click on the flag on the top left to change language if necessary).

 

Your contacts

If you need any additional information, please contact your HR administrative manager or your local HR contact.

•    You can contact the Natixis Interépargne teams from Monday to Friday, 8.30am to 6pm, on 02 31 07 74 00 (Fructiligne, no surcharge – multilingual call center agents)

•   Personal saver site on Natixis Interépargne

•   A smartphone app (Apple and Android), "Mon épargne salariale" (My Company Savings Plan), is also available to consult your account and perform online transactions.