Categories: Economy

New Decree Implements Charge for CPF-Funded Training, Exemptions Available

A new decree has been implemented that requires each employee to pay a remaining charge of 100 euros to benefit from the amounts paid by their employer to their Personal Training Account (CPF) for training courses. However, exemptions are available if an employer agrees to contribute to the training costs, either through an individual agreement, company agreement, or sector agreement. Additionally, exemptions are also available for those embarking on “retraining actions” and using their CPF points for this purpose. It’s important to note that job seekers are not affected by this new charge.

The fixed price of 100 euros will be reviewed each year based on the evolution of the annual average of consumer prices excluding tobacco. This measure is expected to save over 200 million euros this year. Furthermore, a decree restricting access to car and motorcycle licenses via the CPF has not been published yet. Following the decision to open financing by the CPF to all types of licenses starting in 2024, the government has decided to limit access conditions. It will no longer be possible to finance a motorcycle license with the CPF if you already have a car license, or vice versa. This measure was put in place to prevent excessive costs, estimated between 274 million and 337 million euros annually.

Despite some controversy surrounding the idea, the decision was made after a consultation between the government and social partners in mid-April. The implementing decree that establishes a remaining charge of 100 euros for any person embarking on training via their Personal Training Account (CPF) has been set in stone and will take effect on May 2nd.

Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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Samantha Nguyen

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