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<p class="MsoNormal"><strong><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Participation &amp; Int&eacute;ressement : &ccedil;a va d&eacute;bloquer</span></strong></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">L&rsquo;Assembl&eacute;e Nationale vient d&rsquo;adopter en premi&egrave;re lecture, hier soir 1&nbsp;&raquo; mai 2013, les dispositions permettant un d&eacute;blocage exceptionnel de la participation et de l&rsquo;int&eacute;ressement.</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Le S&eacute;nat devrait rapidement confirmer ce dispositif qui entrera en vigueur le 1<sup>er</sup> Juillet prochain pr&eacute;sent&eacute; ci-apr&egrave;s.</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Contexte&nbsp;:</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Pour la premi&egrave;re fois depuis 1984&nbsp;: Recul du pouvoir d&rsquo;achat de 0,4% en 2012,</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Volont&eacute; du Pr&eacute;sident et du gouvernement de soutenir la consommation, premier moteur de l&rsquo;&eacute;conomie fran&ccedil;aise,</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Le d&eacute;blocage exceptionnel de l&rsquo;&eacute;pargne salariale, qui concernerait 8,8 millions de salari&eacute;s, est l&rsquo;un des leviers envisag&eacute;s.</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">L&rsquo;en-cours de l&rsquo;&eacute;pargne salariale repr&eacute;sente actuellement 90 milliards d&rsquo;euros.</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Objectif du dispositif&nbsp; :</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Permettre au salari&eacute; le d&eacute;blocage des sommes bloqu&eacute;es ant&eacute;rieurement au 1<sup>er</sup> janvier 2013 au titre de la participation et de l&rsquo;int&eacute;ressement pour financer l&rsquo;achat d&rsquo;un ou plusieurs biens ou la fourniture d&rsquo;une ou plusieurs prestations de services.</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Dur&eacute;e&nbsp;du dispositif :</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">6 mois &agrave; compter du 1<sup>er</sup> juillet 2013</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Maximum&nbsp;:</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">20.000 euros par salari&eacute;. Il s&rsquo;agit d&rsquo;un plafond global, net de pr&eacute;l&egrave;vements sociaux.</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Modalit&eacute;s&nbsp;:</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Le d&eacute;blocage ne peut intervenir qu&rsquo;en une fois,</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Il est fait sur simple demande du b&eacute;n&eacute;ficiaire, sans autre formalit&eacute;, ou apr&egrave;s conclusion d&rsquo;un accord collectif lorsque les fonds ont &eacute;t&eacute; investis en titre d&rsquo;entreprise,</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Le salari&eacute; devra tenir &agrave; la disposition de l&rsquo;administration fiscale les pi&egrave;ces justificatives attestant de l&rsquo;usage des sommes d&eacute;bloqu&eacute;es (achat d&rsquo;un bien, d&rsquo;une prestation&hellip;).</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Exclusion&nbsp;- Il n&rsquo;est pas possible de d&eacute;bloquer les sommes :</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Investies dans les fonds solidaires, destin&eacute;es &agrave; des entreprises &agrave; forte utilit&eacute; sociale et environnementale,</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Ou affect&eacute;es dans un PERCO</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Avantages&nbsp;sociaux et fiscaux :</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Les sommes d&eacute;bloqu&eacute;es conservent les exon&eacute;rations fiscales et sociales attach&eacute;es aux sommes bloqu&eacute;es, et en particulier une exon&eacute;ration d&rsquo;IR.</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Observations&nbsp;g&eacute;n&eacute;rales :</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Des mesures pr&eacute;c&eacute;dentes de m&ecirc;me nature avaient &eacute;t&eacute; prises en 2004, 2005 et en 2008 sans, semble-t-il, d&rsquo;incidence majeure sur la consommation,</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Les pr&eacute;c&eacute;dents d&eacute;blocages exceptionnels auraient en effet surtout conduit &agrave; une r&eacute;orientation de l&rsquo;&eacute;pargne salariale(pour 70%) notamment vers des produits d&rsquo;assurance vie ou Livret A,</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Toutefois, le Gouvernement attend davantage de ce dispositif en raison d&rsquo;une conjoncture particuli&egrave;rement d&eacute;grad&eacute;e, de la possibilit&eacute; de d&eacute;bloquer l&rsquo;int&eacute;ressement alors qu&rsquo;ant&eacute;rieurement seule la participation &eacute;tait concern&eacute;e, et parce que le d&eacute;blocage est fl&eacute;ch&eacute; vers l&rsquo;achat d&rsquo;un bien ou la fourniture d&rsquo;une prestation,</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">La Garanderie &amp; Associ&eacute;s rappelle n&eacute;anmoins que, sans les avantages fiscaux et sociaux, le salari&eacute; peut d&eacute;j&agrave; percevoir imm&eacute;diatement son int&eacute;ressement et, depuis la loi du 3 d&eacute;cembre 2008, aussi opter pour le versement imm&eacute;diat de tout ou partie de sa participation. Ces versements imm&eacute;diats, outre les cas de d&eacute;blocages d&eacute;j&agrave; ouverts (mariage, achat immobilier, licenciement&hellip;), att&eacute;nuent donc le caract&egrave;re exceptionnel de ce nouveau dispositif.</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">Observations pratiques&nbsp;:</span></p>
<p class="MsoNormal"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;">-<span style="font: 7.0pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">La Garanderie &amp; Associ&eacute;s pr&eacute;cise que les entreprises auront l&rsquo;obligation d&rsquo;informer les salari&eacute;s de leur droit exceptionnel de d&eacute;blocage dans les 2 mois de la promulgation de la loi. Si la loi semble rechercher une grande souplesse, il conviendra n&eacute;anmoins de ne pas omettre de consulter le CE, lorsqu&rsquo;il existe, sur les modalit&eacute;s envisag&eacute;es de mise en &oelig;uvre interne de ce dispositif (accord, formulaire de demande, rappel sur les conditions d&rsquo;affectation&hellip;).</span></p>
<p class="MsoListParagraph"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
<p class="MsoListParagraph"><span style="font-size: 10.0pt; font-family: &quot;Verdana&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p>
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<style>
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<div><!--[if gte mso 10]> <mce:style><!   /* Style Definitions */  table.MsoNormalTable 	{mso-style-name:"Tableau Normal"; 	mso-tstyle-rowband-size:0; 	mso-tstyle-colband-size:0; 	mso-style-noshow:yes; 	mso-style-priority:99; 	mso-style-qformat:yes; 	mso-style-parent:""; 	mso-padding-alt:0cm 5.4pt 0cm 5.4pt; 	mso-para-margin:0cm; 	mso-para-margin-bottom:.0001pt; 	mso-pagination:widow-orphan; 	font-size:10.0pt; 	font-family:"Times New Roman","serif";}  > <! [endif]  ></div>
<div class="MsoNormal" mce_tmp="1"><b><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Participation &amp; Int&eacute;ressement : &ccedil;a va d&eacute;bloquer</span></b></div>
<div class="MsoNormal" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;L&rsquo;Assembl&eacute;e Nationale vient d&rsquo;adopter en premi&egrave;re lecture, hier soir 13 mai 2013, les dispositions permettant un d&eacute;blocage exceptionnel de la participation et de l&rsquo;int&eacute;ressement.</span></div>
<div class="MsoNormal" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;Le S&eacute;nat devrait rapidement confirmer ce dispositif qui entrera en vigueur le 1<sup>er</sup> Juillet prochain pr&eacute;sent&eacute; ci-apr&egrave;s.</span></div>
<div class="MsoNormal" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;Contexte&nbsp;:</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;">&nbsp;<span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Pour la premi&egrave;re fois depuis 1984&nbsp;: Recul du pouvoir d&rsquo;achat de 0,4% en 2012,</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Volont&eacute; du Pr&eacute;sident et du gouvernement de soutenir la consommation, premier moteur de l&rsquo;&eacute;conomie fran&ccedil;aise,</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Le d&eacute;blocage exceptionnel de l&rsquo;&eacute;pargne salariale, qui concernerait 8,8 millions de salari&eacute;s, est l&rsquo;un des leviers envisag&eacute;s.</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">L&rsquo;en-cours de l&rsquo;&eacute;pargne salariale repr&eacute;sente actuellement 90 milliards d&rsquo;euros.</span></div>
<div class="MsoNormal" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;Objectif du dispositif&nbsp; :</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;">&nbsp;<span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Permettre au salari&eacute; le d&eacute;blocage des sommes bloqu&eacute;es ant&eacute;rieurement au 1<sup>er</sup> janvier 2013 au titre de la participation et de l&rsquo;int&eacute;ressement pour financer l&rsquo;achat d&rsquo;un ou plusieurs biens ou la fourniture d&rsquo;une ou plusieurs prestations de services.</span></div>
<div class="MsoNormal" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;Dur&eacute;e&nbsp;du dispositif :</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;">&nbsp;<span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">6 mois &agrave; compter du 1<sup>er</sup> juillet 2013</span></div>
<div class="MsoNormal" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;Maximum&nbsp;:</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;">&nbsp;<span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">20.000 euros par salari&eacute;. Il s&rsquo;agit d&rsquo;un plafond global, net de pr&eacute;l&egrave;vements sociaux.</span></div>
<div class="MsoNormal" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;Modalit&eacute;s&nbsp;:</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;">&nbsp;<span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Le d&eacute;blocage ne peut intervenir qu&rsquo;en une fois,</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Il est fait sur simple demande du b&eacute;n&eacute;ficiaire, sans autre formalit&eacute;, ou apr&egrave;s conclusion d&rsquo;un accord collectif lorsque les fonds ont &eacute;t&eacute; investis en titre d&rsquo;entreprise,</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Le salari&eacute; devra tenir &agrave; la disposition de l&rsquo;administration fiscale les pi&egrave;ces justificatives attestant de l&rsquo;usage des sommes d&eacute;bloqu&eacute;es (achat d&rsquo;un bien, d&rsquo;une prestation&hellip;).</span></div>
<div class="MsoNormal" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;Exclusion&nbsp;- Il n&rsquo;est pas possible de d&eacute;bloquer les sommes :</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;">&nbsp;<span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Investies dans les fonds solidaires, destin&eacute;es &agrave; des entreprises &agrave; forte utilit&eacute; sociale et environnementale,</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Ou affect&eacute;es dans un PERCO</span></div>
<div class="MsoNormal" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;Avantages&nbsp;sociaux et fiscaux :</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;">&nbsp;<span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Les sommes d&eacute;bloqu&eacute;es conservent les exon&eacute;rations fiscales et sociales attach&eacute;es aux sommes bloqu&eacute;es, et en particulier une exon&eacute;ration d&rsquo;IR.</span></div>
<div class="MsoNormal" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;Observations&nbsp;g&eacute;n&eacute;rales :</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;">&nbsp;<span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Des mesures pr&eacute;c&eacute;dentes de m&ecirc;me nature avaient &eacute;t&eacute; prises en 2004, 2005 et en 2008 sans, semble-t-il, d&rsquo;incidence majeure sur la consommation,</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Les pr&eacute;c&eacute;dents d&eacute;blocages exceptionnels auraient en effet surtout conduit &agrave; une r&eacute;orientation de l&rsquo;&eacute;pargne salariale(pour 70%) notamment vers des produits d&rsquo;assurance vie ou Livret A,</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">Toutefois, le Gouvernement attend davantage de ce dispositif en raison d&rsquo;une conjoncture particuli&egrave;rement d&eacute;grad&eacute;e, de la possibilit&eacute; de d&eacute;bloquer l&rsquo;int&eacute;ressement alors qu&rsquo;ant&eacute;rieurement seule la participation &eacute;tait concern&eacute;e, et parce que le d&eacute;blocage est fl&eacute;ch&eacute; vers l&rsquo;achat d&rsquo;un bien ou la fourniture d&rsquo;une prestation,</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;"><span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">La Garanderie &amp; Associ&eacute;s rappelle n&eacute;anmoins que, sans les avantages fiscaux et sociaux, le salari&eacute; peut d&eacute;j&agrave; percevoir imm&eacute;diatement son int&eacute;ressement et, depuis la loi du 3 d&eacute;cembre 2008, aussi opter pour le versement imm&eacute;diat de tout ou partie de sa participation. Ces versements imm&eacute;diats, outre les cas de d&eacute;blocages d&eacute;j&agrave; ouverts (mariage, achat immobilier, licenciement&hellip;), att&eacute;nuent donc le caract&egrave;re exceptionnel de ce nouveau dispositif.</span></div>
<div class="MsoNormal" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;Observations pratiques&nbsp;:</span></div>
<div class="MsoListParagraph" style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_style="text-indent: -18.0pt; mso-list: l0 level1 lfo1;" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot; mso-fareast-font-family: Verdana; mso-bidi-font-family: Verdana;">&nbsp;<span style="mso-list: Ignore;" mce_style="mso-list: Ignore;">-<span style="font: 7.0pt &amp;quot;Times New Roman&amp;quot;;" mce_style="font: 7.0pt &amp;amp;quot;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">La Garanderie &amp; Associ&eacute;s pr&eacute;cise que les entreprises auront l&rsquo;obligation d&rsquo;informer les salari&eacute;s de leur droit exceptionnel de d&eacute;blocage dans les 2 mois de la promulgation de la loi. Si la loi semble rechercher une grande souplesse, il conviendra n&eacute;anmoins de ne pas omettre de consulter le CE, lorsqu&rsquo;il existe, sur les modalit&eacute;s envisag&eacute;es de mise en &oelig;uvre interne de ce dispositif (accord, formulaire de demande, rappel sur les conditions d&rsquo;affectation&hellip;).</span></div>
<div class="MsoListParagraph" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;</span></div>
<div class="MsoListParagraph" mce_tmp="1"><span style="font-size: 10.0pt; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;;" mce_style="font-size: 10.0pt; font-family: &amp;amp;quot;">&nbsp;</span></div>
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