Article 83 of the General Tax Code CGI, which deals with contributions deductible from taxable income. In practice, it refers to pension contracts with mandatory contributions.
Pension agreement art. 83 allows employees to receive an additional pension through capitalization. This collective life insurance agreement with mandatory contributions is concluded by the company for the benefit of all or part of its personnel. In the long term, it provides employees with an additional pension payment in the form of a life annuity.
from October 1, 2020 pension contract art. 83 is no longer concluded.
Although contributions under this type of contract are still possible. It has been replaced by mandatory PER.
PACTE Act
In 2019, the PACTE Act created three new retirement savings plans: individual PER (PERIN), collective PER (PERECO) and obligatory PER (PERO). They coexist with older pension schemes (PERCO, Madelin, Article 83, PERP, etc.) which are destined to disappear as they can no longer be sold as of October 1, 2020. However, contributions under old pension contracts remain possible; they can also be converted or transferred to new ones PER.
Pension plan with mandatory contributions
Pension agreement art. 83 is a mandatory contribution plan, which means that only the contribution rate and not the benefit amount is fixed in the contract. Thus, the level of severance pension is not determined.
Its financing includes the share of the employer and the employee.
Contributions under the agreement are paid to individual personal accounts and placed in financial instruments - the Euro fund (Fond Euro) or in units of account (Unité de compte) provided for by the agreement. The rights corresponding to these contributions are finally acquired by the employee, even if the latter changes companies.
In addition to mandatory payments, the employee can make individual and additional payments (VIF) under his pension contract art. 83.
Art. 83. Social and tax benefits
Contract art. 83 offers tax and social benefits for the employee and his company.
An employee can deduct his or her employer's contributions from taxable income within certain limits.
A company can deduct employer contributions from its taxable income.
The employer and employee receive an exemption from employer social contributions paid into the art pension scheme. 83, subject to certain conditions.
In addition to increasing your retirement savings, IRAs and VIFs also provide tax deductions.
Source https://www.previssima.fr/question-pratique/quest-ce-que-le-regime-article-83-retraite.html
English 
Русский 
Français 