The "retirement benefits" contract is a group insurance contract intended to set up a collective fund. The latter is exclusively funded by the employer. The contract thus allows the employer to provision the sums upstream for the payment of IFCs. As for the retirement contract "article 39", the employee has no certain right on the contract. To benefit from the benefits, the employee must be present in the company at the time of his retirement and fulfill the conditions required for the payment of IFCs. The employer who wishes to sign an IFC contract must call on a professional from the insurance (example: broker). The contract can be signed for all of its employees or for an objectively defined category of its staff. The IFC contract thus enables the company to meet its commitments as staff retire. In the event of retirement of an employee, the insurer deducts from the collective fund the sums due by the employee and pays them to the latter, on the responsibility for him to pay them back to the employee concerned. The amount of compensation received by the employee depends on his seniority in the company but also on what is provided for in the collective agreement or his employment contract. The IFC contract can also provide for higher indemnities An IFC contract has many advantages. It allows the employer to plan and thus spread out the financing of its social liabilities over time, while benefiting from the tax deductibility of the contributions paid on the contract (unlike internal provisioning)