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12/ Feb

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Labour law

Monegasque Supplementary Retirement Fund (CMRC): regulatory texts

The regulatory texts (Sovereign Orders and Ministerial Orders) implementing Law no. 1.544 of 20 April 2023 establishing the "Caisse Monégasque de Retraite Complémentaire" (CMRC) were published in the Journal de Monaco no. 8673 of 15 December 2023, no. 8676 of 5 January 2024, no. 8681 of 9 February 2024.

According to the Government, from 1 January 2024, this new scheme will affect around 168,000 employees of the Principality.

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Conditions for reconstituting compensated periods of interruption of work for the purpose of validating pension rights

  • Ordonnance Souveraine n° 10.366 du 1er février 2024 setting the conditions for reconstituting periods of interruption of work for which compensation is paid with a view to validating said periods of compensation for the purpose of awarding pension points, as provided for by Articles 15 and 16 of Law no. 1.544. Interruptions of work before the age of 65 for the following reasons: 1) illness, accident, maternity, paternity, adoption or invalidity compensated by the Caisse de Compensation des Services Sociaux (CCSS); 2) temporary and involuntary deprivation of employment in the Principality compensated by a) the general contractual scheme, pursuant to Ministerial Orders no. 74-418 of 23 September 1974 and no. 79-508 of 7 December 1979, referred to above b) employers excluded from the provisions of Ministerial Order no. 68-151 of 8 April 1968, amended, referred to above, for their employees affiliated to the CMRC; 3) accidents at work or occupational diseases compensated in application of the above-mentioned laws no. 444 of 16 May 1946, as amended, and no. 636 of 11 January 1958, as amended, and in respect of either temporary total incapacity or permanent incapacity when the rate of the latter exceeds 66.66%.
  • Arrêté Ministériel n° 2024-74 du 1er février 2024 fixant les modalités de calcul de la reconstitution des périodes d'interruption de travail indemnisées pour les droits à la retraite complémentaire. Methods for calculating the reconstitution of compensated periods of interruption of work for supplementary pension entitlements.

CMRC retirement point value

Monthly value of CMRC bonus point

Internal Rules of the CMRC adopted by the CMRC Audit Committee ("Comité de Contrôle")

Rules applicable to CMRC's financial and accounting operations

Persons excluded from the scope of the CMRC

Bonus benefit, compensatory allowance and return of contributions

Early supplementary retirement with concurrent employment

Other publications