BPCE - 2018 Registration document

REPORT ON CORPORATE GOVERNANCE Rules and principles governing the determination of pay and benefits

Pay component Supplementary pension plan

Principles and criteria adopted

The Chairman of the Management Board is entitled to: the mandatory CGP collective supplementary defined-contribution pension plan for all BPCE employees and by - extension applicable to BPCE company directors. The contribution rate is 6% from Bracket A and 4% from the pensionable portion of pay in excess of Bracket A; 70% of this contribution is paid by the company and 30% by the employee; the mandatory R2E collective supplementary defined-contribution pension plan for all BPCE senior executives (AFB - agreement) and by extension applicable to BPCE company directors. The contribution rate is 3.5% of total pensionable pay. This contribution is funded entirely by the company. Entitlements to both of these plans, which the members of the Management Board may have vested during their previous career as an employee or director of Group companies, are taken into account where applicable. If the Chairman of the Management Board is not on the Group’s supplemental executive pension plan, he is entitled to participate in the pension plan through a group insurance policy under Article 82 of the French General Tax Code, in which company directors of Groupe BPCE who do not benefit from the “Pension plan for company directors of Groupe BPCE” may participate, as this policy is funded solely through voluntary payments by the company directors who have decided to participate therein. On February 8, 2017, the Supervisory Board authorized BPCE to join this “Article 82” insurance plan. The Chairman of the Management Board participates in this plan. As such, the Chairman’s fixed pay includes a 20% special supplement. Based on a motion by the Remuneration Committee, the Supervisory Board may resolve to grant an annual housing allowance to the Chairman of the Management Board.

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Benefits in kind

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Registration document 2018

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