ERAFP (The french public service additional pension scheme)

What ERAFP (The french public service additional pension scheme) does

ERAFP (Établissement de Retraite additionnelle de la Fonction publique) is a French public administrative establishment (établissement public administratif) created by Act No. 2003-775 of 21 August 2003 and operational since 2005, governed by Decree No. 2004-569 of 18 June 2004. It administers the mandatory supplementary pension scheme for approximately 4.4 million active civil servants across the three branches of the French public service — state, territorial, and hospital — funded by equal statutory contributions of 5% from employees and 5% from employers on bonuses and allowances, capped at 20% of the salary index. The scheme uses a point-based accrual system where contributions are converted into retirement points, and benefits are paid as a monthly rente (annuity) for those with 5,125 or more points, as a capital payment for fewer than 5,125 points, or as a fractional capital option between 4,900 and 5,125 points.

The scheme's technology backbone is fully dematerialized: contributions are collected via the DSN (Déclaration Sociale Nominative) system, the PEP's (Plateforme Employeurs Publics) portal serves public employers for declarations and correspondence with Net-entreprises SSO, and the Ma retraite publique personal account portal — administered by the Caisse des D\u00e9p\u00f4ts from Bordeaux — provides beneficiaries with access to their individual retirement account (CIR), point calculators, and benefit simulators. Headquartered in Paris (12 rue Portalis), ERAFP operates with a lean staff of 77 employees and outsources administrative management to the Caisse des D\u00e9p\u00f4ts.

ERAFP is not a revenue-generating entity in the commercial sense; it manages member contributions and investment returns. Its investment portfolio stood at €47.8 billion as of 31 December 2024, with 100% of assets managed under a Socially Responsible Investment (SRI) policy since 2006, a Net-Zero Asset Owner Alliance commitment to carbon neutrality by 2050, and 44% of assets already contributing to the energy transition or decarbonisation of the economy at end-2024. The scheme is effectively a monopoly supplier (no commercial alternatives exist for French public sector additional pensions), with governance vested in a board with equal representation from employee and employer representatives, and is not exposed to competitive churn.

Name

ERAFP (The french public service additional pension scheme)

Legal name

Établissement de Retraite additionnelle de la Fonction publique (ERAFP)

Website

https://rafp.fr

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

ERAFP is the mandatory French public service additional pension scheme, providing supplementary point-based retirement benefits to 4.4 million civil servants across state, territorial, and hospital branches, with €47.8 billion in assets managed under a 100% SRI policy.

Ownership category

akta.pro rank

Product category

Public Pension Administration

NAICS

Pension Funds (525110), Insurance and Employee Benefit Funds (5251)

akta.pro primary industry

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

akta.pro secondary industries

Pensions & Retirement Benefits Administration (BPAIAKAA), Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

Keywords

• Public pension scheme
• Supplementary retirement benefits
• Civil servant pensions
• Socially responsible investment
• Point-based retirement system

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Pension contributions: ERAFP is funded through mandatory pension contributions from both public employees and their public employers. Both parties contribute equally at 5% each of the amount of primes, within a limit of 20% of the salary index. Contributions are collected by public employers through the DSN (Déclaration Sociale Nominative) system and declared annually through the declaration individuelle.

Distribution channels4 records

Marketing channels5 records

Core offering

ERAFP administers the mandatory additional pension scheme (RAFP) for French public servants across the three branches of the French public service (state, territorial, and hospital). It operates a point-based retirement system in which contributions (5% from employees and 5% from employers on bonuses and allowances, capped at 20% of the salary index) are converted into retirement points, with benefits paid as either a monthly rente (annuity) for 5,125+ points or as a capital payment for fewer points. The scheme applies a 100% Socially Responsible Investment (SRI) policy to all €47.8 billion of assets under management.

Product overview

ERAFP operates as a unified public pension scheme for French civil servants, offering a point-based additional retirement system. The core product is the RAFP retirement scheme itself, complemented by digital service platforms including PEP's for employer management, Ma retraite publique for beneficiary self-service, and online tools like the point calculator and benefit simulator. The scheme also incorporates SRI investment services and intermediate housing initiatives as part of its responsible investment approach.

Differentiator

Problem solved

Functional benefit

Products and services

• RAFP Retirement Scheme (Régime de Retraite Additionnelle de la Fonction Publique) The mandatory additional pension scheme for French civil servants (state, local authorities, and hospitals), providing supplementary retirement benefits based on a point-based system funded by contributions on bonuses and in-kind benefits.
• PEP's (Plateforme Employeurs Publics) Secure online multi-regime portal for public sector employers to manage RAFP declarations, submit individual declarations, correct DSN anomalies, manage correspondence, and contact the scheme digitally.
• Ma retraite publique (Personal Retirement Space) Secure online personal space for beneficiaries to consult their individual retirement account (CIR), view accumulated points, and manage pension-related information; administered by the Caisse des Dépôts.
• Point Calculator (Calculette de points) Online calculator tool enabling active public servants and future retirees to estimate their retirement points based on contributions and career information.
• Benefit Simulator (Simulateur de prestations) Simulation tool for estimating future retirement benefits (rente or capital payment) based on individual retirement account data.
• SRI Investment Services (Investissement Socialement Responsable) Socially responsible investment services implementing ESG criteria across 100% of scheme assets since 2006, including shareholder engagement, climate policies, fossil fuel policy, and biodiversity considerations, with a commitment to carbon neutrality by 2050.
• Intermediate Housing (Logement intermédiaire) Financing initiative for intermediate rental housing projects reserved for public sector employees, offering properties at 10-15% below market rates in high-pressure areas, as part of ERAFP's responsible investment approach.

Quantifiable outcome

• €47.8 billion in assets under management as of 31 December 2024, making ERAFP one of France's largest pension funds
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Finance for Biodiversity PledgecoreStrategic or Co-development Partner · 1 January 2021ERAFP signed the Finance for Biodiversity Pledge in 2021, committing to four objectives: collaborating and sharing knowledge on biodiversity; engaging with businesses; measuring the biodiversity impact of financing and investments; and setting targets and publicly reporting on progress. ERAFP also signed a biodiversity declaration at COP 15 in Kunming-Montreal in 2022.
• Net-Zero Asset Owner Alliance (AOA)coreStrategic or Co-development Partner · 1 January 2020ERAFP joined the Net-Zero Asset Owner Alliance (AOA) in 2020, committing to align its investment strategy with the Paris Agreement and achieve carbon neutrality of its investment portfolio by 2050. The Alliance identifies shareholder dialogue with companies as a key lever for achieving carbon-neutral portfolios by 2050, contributing to the goal of limiting global warming to 1.5°C.
• Climate Action 100+coreStrategic or Co-development PartnerERAFP participates in the Climate Action 100+ initiative, a collaborative investor engagement effort targeting the world's largest corporate greenhouse gas emitters to improve climate governance and reduce emissions.
• IIGCC (Institutional Investors Group on Climate Change)coreStrategic or Co-development PartnerERAFP is a member of the IIGCC, the European membership body for investor collaboration on climate change, participating in its working groups and initiatives to address climate-related investment risks.
• Nature Action 100minorStrategic or Co-development PartnerERAFP joined Nature Action 100 in 2023, a collaborative shareholder engagement initiative inspired by Climate Action 100+, aimed at encouraging large companies with significant biodiversity impact to adopt ecosystem-preservation practices.
• FAIRR (Farm Animal Investment Risk & Return)minorStrategic or Co-development PartnerERAFP joined FAIRR, a network of investors focused on protein diversification engagement, encouraging companies to diversify their protein portfolios toward diets better for people and the planet. FAIRR represents over 400 investors and $75 trillion in assets under management.
• Caisse des Dépôts (CDC) - Administrative ManagercoreImplementation/ SI/ Consulting PartnerThe Caisse des Dépôts et Consignations (CDC) serves as the administrative manager (gestionnaire administratif) of the RAFP, handling the technical management of the scheme including the processing of declarations, point calculations, pension payments, and the operation of the Ma retraite publique digital platform. The CDC operates its RAFP management from its Bordeaux site.
• Science-Based Targets initiative (SBTi)coreStrategic or Co-development PartnerERAFP uses the Science-Based Targets initiative framework for setting and validating its carbon reduction targets. The scheme publishes the proportion of its portfolio covered by Science-Based Targets and aims for 30% of real estate assets aligned with the CRREM 1.5°C scenario by end 2028.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ircantec: French mandatory supplementary pension scheme for non-titular public-sector employees. Like ERAFP, it is a point-based, pay-as-you-go scheme administered by the CDC and is part of the same multi-regime employer portal universe, making it a direct functional peer.
• Fonds de Réserve pour les Retraites (FRR): French public reserve pension fund established by the 2001 pension reform to smooth intergenerational liabilities. It shares ERAFP's public-sector status, French SRI policy orientation, and funding profile, making it a structurally comparable peer.
• CNRACL (Caisse Nationale de Retraites des Agents des Collectivités Locales): Caisse des Dépôts-administered French public-sector pension fund covering local-authority and hospital agents. It is the closest equivalent to ERAFP, serving an overlapping population with a complementary pension regime, and benefits from the same CDC administrative infrastructure.

Emerging players

• Nest Corporation: UK workplace pension scheme with automatic enrolment, an architecture partly analogous to ERAFP's mandatory supplementary regime. While smaller and DC-focused, it shares the public-policy mandate and digital-delivery ethos.
• Pensam: Danish pension provider operating in the labour-market (AM-system) pension space analogous to ERAFP's supplementary structure. Comparable as a non-profit, collectively negotiated pension provider with a strong digital and sustainability orientation.

Broad incumbents

• ABP (Stichting Pensioenfonds ABP): One of the world's largest public-sector pension funds, providing pensions for Dutch government and education employees. Comparable to ERAFP in scale, public-sector mandate, and asset stewardship intensity.
• Caisse des Dépôts (CDC) - Pensions & Retraites division: The state-owned financial institution that actually administers ERAFP's operations and runs the Bordeaux management site. CDC also administers CNRACL, Ircantec, and other public pension schemes, making it both the operator and a broader institutional peer.
• BVK (Bayerische Versorgungskammer): Germany's largest public-sector pension provider for Bavarian municipal and state employees. Compares to ERAFP as a multi-employer, statutory public-sector pension institution with point-based benefit structures.
• APG (Asset Management arm of ABP): Asset manager for Dutch public-sector pension funds, with hundreds of billions in mandated AUM. Comparable to ERAFP's institutional investment function and SRI mandate, although executed at materially larger scale.

Regional players

• Keva (Local Government Pensions Institution, Finland): Finnish public-sector pension provider for local-government and state employees. Comparable to ERAFP in mandate, statutory origin, and DB-style obligations, but operating in a different Nordic regulatory and demographic context.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/erafp

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ERAFP (The french public service additional pension scheme)