The Senegal Business Council (CDES) and the Compagnie Générale de Finance et de Gestion (CGF Gestion) have agreed to set up a collective savings scheme, through a Retirement Savings Plan, for the benefit of employees, managers and associates. companies members of the employers’ organization.
The official signing ceremony for the “PER-CDES” regulation took place on May 15, 2018, at 11:30 am, at the offices of CGF Bourse, in the presence of Mr. Babacar DIAGNE, President of CDES, Mr. Kalidou DIALLO, CEO of CGF Gestion, Marie Odile SENE KANTOUSSAN, CEO of CGF Bourse (photo) and several members of the executive boards of CDES and CGF Bourse.
This Retirement Savings Plan, known as “PER-CDES”, aims to support beneficiaries towards a serene retirement by allowing them to participate, with the help of the CDES, in the creation of a collective portfolio of transferable securities. liquidation by each employee, officer and partner may eventually be used to feed a retirement savings product in the form of an annuity or capital at the time of retirement.
The “PER-CDES” is open to all employees, managers and associates of CDES member companies who so wish. Members can make monthly subscriptions and one-off subscriptions, depending on their income, throughout the year. In the case of monthly subscriptions, the minimum amount is fixed at 10,000 FCFA.
To mark his enthusiasm, Mr. Babacar DIAGNE, President of the CDES, presented his check for his 1st contribution, becoming the first member of the PER-CDES, a gesture of high symbolic significance for the launch of this retirement savings plan.
The amounts paid on the “PER-CDES” are used in full on the acquisition of mutual fund units, managed by CGF GESTION, which will make available its expertise as a portfolio manager. By mutual agreement, the totality of the sums collected will be placed in the mutual funds QUIETUDE and LIQUIDITE-OPTIMUM which are funds with prudent profiles and composed mainly of bonds. This management strategy could be modified according to the manager’s recommendations. Any modification will be submitted to the representative and validated before being ratified.
CGF Bourse, Management and Intermediation Company (SGI) based in Dakar, is the custodian of the funds.
The rights of participants in the “PER-CDES” are expressed as whole, tenths, hundredths, thousandths or even ten thousandths of mutual fund units. Each unit, or division of units representing the same fraction of the assets held in the mutual funds. Each subscriber owns the number of units and divisions of units subscribed through the payments made in his name.
The number of units increases with new subscriptions and decreases due to redemptions (redemptions) of previously subscribed units, in particular after the unavailability period or in the event of events provided for in the internal regulations. .
A monitoring committee whose members are designated by the CDES monitors the “PER-CDES”. It meets quarterly to review the Manager’s report on PER’s operations and results. It decides on the proposed amendments to the rules of the PER, deliberates on any question submitted to it and convenes the General Meetings of information.
About CDES:
CDES is an employers’ organization created on April 19, 2013, in Dakar (Senegal). It is composed of Micros, Small and Medium Enterprises whose ambition is to include the action of the employer in the sense of promoting a vision centered on the development of services to the profits of the member companies. CDES represents business leaders in national decision-making bodies, in sub-regions and internationally.
CDES has been set up in a unifying dynamic to meet the expectations of Very Small, Small and Medium Enterprises, and Industries and the social demand to promote the emergence of Senegal.
About CGF Gestion:
Created in 2001, CGF Gestion is a subsidiary of CGF Bourse specialized in the creation and management of mutual funds (UCITS) such as mutual funds and SICAVs. Variable Capital), which are prime vehicles for building savings or resources. It is the first collecting society created in Senegal.
CGF Gestion works in the creation of dedicated products for the establishment and management of pension funds, supplementary pensions for employees of companies as well as investment funds for excess cash of companies and individuals.
CGF Gestion is the first West African SGO (Management Company) to be ISO 9001 certified for all its activities.
