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“Universal” time savings account: what this CET could change for you in the months to come

JobAdvise Editors by JobAdvise Editors
September 27, 2022
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The universal time savings account would really be UNIVERSAL

In other words, all employees could benefit from a CETU. It must be said that to date, we are far from the mark. The latest figures from the DARES published in 2017 and relating to the subject (admittedly, they are dated but still) identify only 7% of employees with days off in a time savings account. So a perfectly unfair device as the CFDT has been claiming for years.

“The CFDT has been talking about a universal time savings account for a while. It’s the idea that, during your career, you can have time available for a personal project, to be with loved ones, to retrain, have a collective associative project, or even take time off. That working time can be modulated at certain times in one’s career, because one can have both the aspiration and the need”, details the secretary general of the CFDT, Laurent Berger on the airwaves of France Inter in May 2022.

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For this union, making the CET universal would repair an injustice. It proposes to go further by providing employees with 5 days off on their CETU. And this, from the first hiring. There is no doubt that this idea will resurface during the discussions announced by the end of the year on the subject with the social partners.

The universal time savings account would become PORTABLE

Clearly, portability would allow you to carry your CET under your arm if you change employers. In fact, this is already the case with the existing CET. Except that everything depends on the convention or collective agreement governing the operation of the CET. Emmanuel Macron would therefore like the CETU to be more easily transferable.

The universal time savings account would be MONETIZABLE

Currently, you can fund your CET with time or money. And according to your needs, you have later days of absence or a salary supplement. You can even convert all or part of your available balance on your CET into employee savings. So nothing new under the sun? Well yes, because these options are only theoretical. In fact, here again everything depends on the terms of the convention or collective agreement. The idea would therefore be to make this monetization more fluid.

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