Delegation of Management Agreement: Funding of Education, Liquidation and Servicing of Temporary Education Annuities and Disability Annuities
December 23, 2024, 4:26 p.m.
Ministry of Economy and Finance
The Ministry of Economy and Finance in France has announced a new delegation of management agreement for the funding of education, liquidation and servicing of temporary education annuities and disability annuities.
Key Points of the Agreement:
- The agreement has been concluded with the Caisse Nationale d’Assurance Vieillesse (CNAV).
- The agreement sets out the terms and conditions for the delegation of management of these annuities to the CNAV.
- The agreement is effective from January 1, 2025.
Temporary Education Annuities and Disability Annuities:
- Temporary education annuities are granted to the children of insured persons who have died or become disabled.
- Disability annuities are granted to insured persons who are permanently disabled.
Funding of the Annuities:
- The annuities are funded by contributions from insured persons.
- The CNAV will be responsible for collecting and managing these contributions.
Liquidation and Servicing of the Annuities:
- The CNAV will be responsible for liquidating (calculating and paying) the annuities.
- The CNAV will also be responsible for servicing the annuities, which includes making payments to beneficiaries and managing any changes in circumstances.
Benefits of the Agreement:
The delegation of management agreement is expected to improve the efficiency and effectiveness of the management of temporary education annuities and disability annuities. It will also allow the CNAV to leverage its expertise in managing annuities to provide a high level of service to beneficiaries.
Additional Information:
The text of the delegation of management agreement is available on the website of the Ministry of Economy and Finance.
FAQs:
- Who is eligible for temporary education annuities and disability annuities? Temporary education annuities are available to children of insured persons who have died or become disabled. Disability annuities are available to insured persons who are permanently disabled.
- How are the annuities funded? The annuities are funded by contributions from insured persons.
- Who is responsible for managing the annuities? The CNAV is responsible for managing the annuities, including liquidation and servicing.
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economie.gouv.fr a new article on 2024-12-23 16:26 titled “Convention de délégation de gestion – Financement de l’instruction, la liquidation et le service des rentes temporaires d’éducation et des rentes viagères pour handicap”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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