Details.
Collective, optional supplementary retirement savings contract for local elected officials receiving an office allowance. Savings are converted into a lifetime annuity or, when the annual annuity without reversion is 1,320 EUR or less, potentially into a single annuity payment. The contract includes benefits in case of invalidity or death before annuity liquidation, optional transfers, exceptional surrender in specified circumstances, and annuity reversibility options of 50% or 100%.