Unlike mandatory contributions to social security and supplementary pension bodies, pension savings are optional. As its name suggests, retirement savings is an investment in the long term, which can be designed in various forms.
The goal of retirement savings can be very different depending on the contracts entered . In some cases, retirement savings are expected to provide additional an annuity at the time of cessation of employment. But retirement savings can also be a means of protecting his family against a decline in resources in the event of death, and becomes part of a succession optics.
Retirement Savings used as a means to organize the succession occurs at death of the account holder. Thus, it for this reason is called "contingency contract" or "pure onctrat death." The subscriber does not touch anything while living, but uses retirement savings to avoid a drop in income to his family if he should disappear.
When retirement savings is seen as a way to get forward the payment of an additional pension , it is called a "contract in case of life" or "investment contract." The annuity can be paid in small monthly installments or all at once. The date fixed for the beginning of the payment is most often the date of retirement of the subscriber, but it may well occur at some other time. In principle, a retirement savings "when life provides no payment for death of the account holder, but in fact, this type of investment is often coupled with a cons-insurance: if death, the relatives of the subscriber will receive the money instead.
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