AGIRCAssociation Générale des Institutions de Retraite des Cadres (French federation of associations for corporate supplemental retirement plans)
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--Employees in the private sector (about 68 per cent of the nation's workforce) are covered by a two-pillar system comprising the general scheme (CNAVTS, one of the two branches of Social Security) and the supplementary schemes (ARRCO and AGIRC).
The agreement reached between the social partners on balancing the pension scheme for managerial staff (Association generale des institutions des retraites cadres - AGIRC) confirmed the freeze of pensions in 1994, introduced a pensioners' solidarity contribution, and set out a timetable for raising the compulsory rate of employer and employee contributions.