Summary
1. Overtime
The principle of the time savings account: you buy back days of leave, which you can use later. Time can be turned into money or allow you to accumulate rest days.
The account can be funded by:
Note: the week of paid vacation is not convertible into money, it can only be used in the form of time.
2. More money
You can also set aside certain forms of compensation:
- bonuses ;
- the 13th month;
- your raise or top-up to your base salary;
- interest.
3. A good alternative to pension plans
If you wish, the time savings account allows you to redeem old-age insurance contributions. You can bring forward your retirement date or supplement existing contributions.
4. Employee savings
You can use your account to turn time into money that goes into salary savings.
5. A guarantee
Your CET cannot be lost. If your company goes bankrupt, you keep all your accrued rights. They are also insured in the event of receivership or judicial liquidation. In some cases, they can be transferred if you change employers.
In the event of termination of the employment contract, you can request payment from your time savings account.