New GMP retirement setup for 2016

The GMP retirement is the minimum retirement contribution for executive officers (“cadres”). The GMP is based on the equivalent of a virtual minimum salary. This minimum salary is only used for the calculation of the retirement contributions and the retirement benefits.

The GMP retirement is based on a monthly salary of 3 549,24 €

On the 1st of January the GMP retirement contributions will be of 816,84 €. It will be based on a virtual minimum salary of 42 590,88 € per year (3 549,24 € per month).

The GMP is the “Garantie Minimum de Point” which translate as Minimum Retirement Benefit.




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