BPCE_REGISTRATION_DOCUMENT_2017

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

Pay component Supplementary pension plan

Principles and criteria adopted

2

The President of the ManagementBoard is entitledto: the mandatory CGPcollectivesupplementarydefined-contributionpensionplan for all BPCEemployees andby - extensionapplicable toBPCEcompanydirectors. The contribution rate is 6% from BracketA and 4% fromthe pensionableportionof pay in excessof BracketA; 70%of this contributionis paid by the company and 30% by the mployee; the mandatory collective supplementary defined-contribution pension plan for all BPCEsenior executives(AFB - agreement) and byextension applicable to BPCEcompanydirectors. The contribution rate is 3.5%of total pensionablepay. This contribution is funded entirelyby the company. Entitlements to both of these plans,which the membersof the Management Boardmay have vestedduring theirprevious career as an employee or director ofGroupcompanies, aretaken into accountwhere applicable. If the Presidentof the Management Board is not on theGroup’s supplementalexecutivepensionplan, he is entitledto participate in the pensionplan through agroupinsurancepolicy under Article 82 ofthe French GeneralTax Code, in which companydirectorsof GroupeBPCEwho do not benefit from the “Pensionplan for companydirectorsof Groupe BPCE” mayparticipate, as thispolicy isfundedsolely through voluntary payments by the companydirectorswho have decided to participatetherein. OnFebruary 8, 2017,the Supervisory Boardauthorized BPCEto join this “Article 82” insuranceplan. Accordingly, effective January 1, 2018, the Presidentof the Management Board receives aspecial increaseequal to 20% of his fixed payand participates in this plan. Basedon amotionby theRemuneration Committee, the Supervisory Boardmay resolveto grant an annual housing allowance tothe Presidentof the Management Board.

Benefits in kind

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Registration document 2017