Company Savings Plan: three new reasons to justify early release of funds

Three new reasons have been added to the existing justifications and conditions for early release of funds in the Company Savings Plan (PEE): energy-related renovation projects, a new clean vehicle purchase or work as a carer. Read on to find out more. 

With its Company Savings Plan (PEE), the Institut Pasteur offers an employee savings scheme to all employees who have completed at least three months' service. This optional scheme enables you to save in a tax- and social security-efficient way, with the Institut Pasteur's help.  

 
Three new accepted reasons for early releas

 

 

Three new accepted reasons for early release In theory, the money invested in the Company Savings Plan is only available after five years. But there are several specific situations in which you can legally withdraw the money invested in advance without incurring a penalty tax. A recent decree published on July 5, 2024 introduced three new accepted reasons for early release:
 
•  If you carry out energy-related renovations to your primary residence mentioned in articles D.319-16 and D.319-17 of the French Building and Housing Code (mainly insulation of the roof or external walls or installation of a heating or hot water system based on a renewable energy source)

•  If you purchase a clean vehicle that meets one of the following two conditions:

   o a vehicle that, under article R. 311-1 of the French Highway Code, is in one of the following categories – M1, vans, powered two wheelers or motor-powered tricycles and quadricycles – and uses electricity, hydrogen or a combination of the two as its sole source of power;

   o a bicycle with pedal assistance, as long as it is purchased new, within the meaning of article R. 311-1 of the Highway Code.

•  If you are in a situation where you or your spouse or civil partner is acting as a carer to a relative as laid down in articles L. 3142-16 and L. 3142-17 of the French Labor Code.

 

Practical details

 

 

To request early release, you should contact Natixis Interépargne, the financial intermediary and manager for the Institut Pasteur's Company Savings Plan:

•    via your personal site on the Natixis Interépargne website or via the mobile app in the section "Vos opérations" (Your transactions) then "Remboursement" (Refund) ;

•    via the interactive voice server (+33 (0)2 31 07 74 00) ;

•    by letter to Natixis Interépargne, enclosing the completed reimbursement slip.

Server code: by telephone (or on the website if needed), the Institut Pasteur company number is 5590

Early release of funds is subject to certain conditions. The event justifying the request must have occurred after the date on which the decree came into force (on or after July 7, 2024) and within a 6-month period. The request must be made no more than 6 months after the purchase of the clean vehicle or receipt of the first invoice from the company completing your energy-related renovation project. Requests for early release of funds related to caregiving can be submitted at any point; the 6-month rule does not apply.

In all cases, supporting documents must be provided, such as the purchase order or invoice for the new clean vehicle or the invoice for insulation work.

 
Other reasons for early release of funds

 

 

These three new reasons related to the green transition have been added to the list of a dozen situations that were already recognized as justified reasons for early release of funds in the Company Savings Plan before the five-year deadline. To see the full list, go to one of the following pages: the dedicated ePasteur page, the HR FAQ or your Natixis Interépargne personal site.

 
A guide to the employer contribution

 

 

The Institut Pasteur helps you save by topping up any voluntary payments into the Company Savings Plan with a gross contribution of up to €600 per annum per employee.
 
Your employer's contribution is calculated as a percentage of your payments, as explained below:

•  60% of the first €400 paid in the year, or a maximum of €240

•  40% for any subsequent sums 
 
To receive the maximum employer contribution, you must therefore invest at least €1,300 each year in voluntary payments in one or more installments between January 1 and December 28. 
 
Management fees are paid by the Institut Pasteur.
 

Find out more

 

 

You can find out more about these options:

•  via the dedicated space on ePasteur

•  or from Natixis Interépargne, our financial intermediary and the manager of the Institut Pasteur's Company Savings Plan