Monaco retirement: Let's talk about it

Monaco Retirement Training: Discover the advantages of the CAR and CMRC systems

The Principality of Monaco has its own pension scheme with the Caisse Autonome de Retraite (CAR) and the Caisse Monégasque de Retraite Complémentaire (CMRC). ELEVATE CONSULTING explains the intricacies of this system and the benefits it offers your employees.

Why understand the Monegasque pension system?

The Monegasque pension system has unique features that employers and their employees need to be aware of and understand. This short but intensive training course will enable you to master the essential aspects of the Principality's pension system.

Specialized expertise : In-depth knowledge of the CAR/CMRC system specific to Monaco.

Clarity of information : Understanding the intricacies of contributions and retirement conditions.

Simplified planning : Better anticipation and planning for your employees' retirement.

Valuable HR tool: Direct training for your employees on the advantages of the Monegasque system.

Our Monegasque Retirement training course: A comprehensive information session

This one-hour training session will introduce you to the intricacies of the Monegasque pension system and the benefits it offers your employees, with guidance from our experts. This interactive session covers all the practical aspects of the system.

Concise and effective training tailored to employers wishing to inform their teams about the specifics of the Monegasque pension scheme.

 

Training content

During this one-hour session, you will discover:

  • Overview of the Monegasque pension system
  • General terms and conditions for the acquisition of rights
  • Social security contributions specific to the CAR/CMRC scheme
  • Earning points and calculation mechanisms
  • Calculation of a pension according to Monegasque scales
  • Q&A session with our experts

The benefits of our Retirement training

Accurate and accessible expertise

Access to in-depth knowledge of AML/CFT regulations specific to Monaco, enabling professionals to better understand their obligations and avoid penalties.

Clarity and understanding

Managers, AML officers, and exposed employees of subject companies are required to undergo annual training to keep up to date with new legal requirements.

Optimal efficiency

Training based on real-world case studies, providing a better understanding of compliance issues in your specific industry.

Interaction with our experts

A half-day session focused on the essentials, ideal for busy professionals while covering all regulatory requirements.

HR and retention tool

Training led by legal experts in regulatory compliance with a thorough understanding of the Monegasque legal framework and AMSF requirements.

Practical information and terms and conditions

Duration : 1 hour intensive session with our experts

Required level : Training accessible to everyone, from beginners to those who already have knowledge of retirement

Format : Interactive presentation with integrated question and answer session

Capacity : Session can accommodate up to 25 people maximum

Location : At your premises or at our offices ELEVATE CONSULTING

Support materials : A booklet intended for the company will be provided during the training.

Pricing : €900 excluding tax for a one-hour session (up to 25 people)

Options : Possibility of organizing additional sessions or customized training on specific topics related to retirement

Why choose ELEVATE CONSULTING for this training?

Recognized expertise in the Monegasque system

Our experts are fully versed in the specifics of the CAR/CMRC system and can answer all your technical and practical questions.

An adapted teaching approach

Short but comprehensive format, specially designed to convey essential information in a clear and accessible manner.

An interactive session

Ample time is allocated for discussion and Q&A sessions to address your employees' specific questions.

A turnkey service

We come to your premises with all the equipment needed for an effective and professional session.

Personalized follow-up

Possibility of centralizing post-training questions and organizing follow-up sessions if necessary.

Ready to inform your employees about their retirement benefits?

Give your teams a better understanding of their Monegasque pension system.

Discover our other training courses in Monaco

Enhance your skills with our other specialized training courses:

  • Monegasque Payroll Training – Master the specifics of payroll in Monaco 
  • Monegasque Labor Law Training – Understanding your obligations as an employer 
  • LCB/FT-P-C Training – Regulatory compliance 
  • Corporate Taxation Training – Optimize Your Taxation 
  • Microsoft Excel Training – Maximize your efficiency with this essential tool

FAQ - Monegasque Retirement Training

In the Principality, the legal retirement age is set at 65. However, pensions can be claimed early (subject to certain conditions) or deferred with an increase:

Early retirement is possible:

  • from age 55, for mothers who have raised at least three children for eight years before they turned 16;
  • between 60 and 65 years of age, for anyone who can prove they have worked for the required number of years, provided they have ceased all work and are not receiving any benefits (sickness, accident, unemployment).

This training can only be initiated by your employer and is intended for company employees.

Questions will be asked by a show of hands at the end of the training session. For better dissemination, they will be asked in front of the entire assembly.

This gives them a good foundation for understanding the calculations, but they can run their simulations directly through their CCSS personal account.

Yes, it is entirely possible for us to provide this training in English.