Life allowance of tobacconists

MIL OSI Translation. Government of the Republic of France – Credits: © Olivier Tuffé – Fotolia.com

The life allowance is a mandatory retirement scheme to provide tobacco company managers or their widowed spouse with a minimum income upon cessation of employment (full-rate allowance from age 65 or over). years in case of disability).

The allocation rights are expressed in "tobacco points" registered in an account opened in the name of the manager, in a personal capacity or as majority manager of a partnership.

These points are earned each year based on the rebates allocated on the sale of tobacco and the purchase value of the point, which corresponds to € 3.80 since January 2018.

The amount of the allowance is calculated according to the value of service of the item, revised each year. This value is set at € 2.11 until June 30, 2019.

Amount of the allocation = (number of points acquired) x (service value of the point).

The contribution, fixed at 1.66% of the gross discount, is paid by the suppliers on delivery of the manufactured tobacco to the retailers, at the latest on the 25th of each month, on the basis of a declaration of the quantities delivered transmitted to the 'administration.

EDITOR'S NOTE: This article is a translation. Please forgive us should the grammar and / or sentence structure not be perfect.