It is simply a savings provided by certain companies to their employees. Its functioning is based on the participation and the profit-sharing established by the State.
Companies with 50 or more employees are directly involved because participation is mandatory in this type of structure. Participation involves involving employees of the company within the company in order to increase productivity against a return in the form of employee savings.
The contribution collected is considered as an income so taxable, it can be recovered by any employee within a period of 15 days. It is quite possible to leave this savings aside and recover it whenever you want. Unfortunately, placing a savings plan on a blocked account pays no interest.
Unlike participation, the incentive is not mandatory for companies. It is a premium proportional to the results of each employee. All employees can not enjoy it. The incentive can be recovered quickly but leads to a loss of benefits or placed on a salary savings plan blocked for a period of 5 years.
There are 2 types of employee savings plans, namely the Company Savings Plan (the savings are blocked for at least 5 years except in exceptional cases) and the Group Retirement Savings Plan (savings remain on a blocked account until retirement except in exceptional cases).