Tuesday, November 18, 2014

The government wants to eliminate pensions hat – The Obs

The government wants to eliminate pensions hat – The Obs

PARIS (Reuters) – The government wants to eliminate pensions “hat” supplementary retirement benefits some business leaders said Tuesday the French Minister of Economy, Emmanuel Macron

“We need a tougher policy,” he said, when he was asked about retirement hat the former CEO of France Telecom, Didier Lombard, during the session of questions to the government to National Assembly.

“I asked with (Finance Minister) Michel Sapin a mission of the General Inspectorate of Finance is done for, in connection with services (Minister Social Affairs) Marisol Touraine, we can find a real solution to remove the cap pensions and replace them with a common law, “he said.

The chamber held in the evening that the removal of pensions cap would not “say anything” and felt that the abuse, if any, were very rare.

“I do not think it is legal since each company may pay as she hears is taxation to manage it, “said the vice president of MEDEF, Geoffroy Roux de Bezieux on LCI.

” There is a code that was set up, the AFEP-MEDEF Code, which now tops a percentage of salary that retirement, “he said in reference to the corporate governance code for listed companies. “There is a very high tax that has been added, social contributions, income taxes, so we have to stop there.”

“You can not manage a company on abuse. If we make the law for abusing 0.01% (…, this is a way to manage a company which is absurd, “he has said.

The Minister of Economy noted for his part that the state had consistently voted against “all remuneration hat” in the boards in which it operates, as well as in the general meetings of shareholders.

Philippe Varin, former head of PSA Peugeot Citroen, had given last year to enjoy his retirement hat that had controversy when the automobile group met with great difficulties.

More recently, Emmanuel Macron s ‘was moved by the amount of the pension cap Mestrallet, CEO of GDF Suez, which the state is a shareholder, without going back on a decision that had been validated in the past by the state.

( Jean-Baptiste Vey and Gregory Blachier)

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