The personal training account (CPF) is designed to promote access to training throughout the account holder’s professional activity. The CPF is designed to help you find a job, keep a job, or change jobs. To learn more about the CPF, keep reading.
What is the CPF?
CPF stands for Personal Training Account. As its name indicates, it is an account specific to any active person allowing the acquisition of training rights that can be used throughout the holder’s professional life.
To explain simply, the CPF is a “monetized envelope”that is paid into the holder’s account each year according to his or her working time and activity during that year
Remuneration is not taken into account in the calculation of the amount credited. This account is capped at a certain amount depending on the beneficiary’s professional status and is closed at the time of retirement.
The different concepts stated in this introduction will be discussed in more detail later in this article.
In concrete terms, what is the CPF used for?
The Personal Training Account (PTA) is designed to allow people to follow a professional training of their choice thanks to the mobilization of this “monetized envelope”.
The purpose of the Personal Training Account (PTA) is to promote access to training throughout the professional activity of the account holder.
Professional training, made more easily accessible, will allow :
Promote access to employment by allowing training during a period of inactivity due to job loss or illness, for example
Develop employability through the acquisition and development of new professional skills
Develop professionally throughout one’s career within the same (or another) organization
In other words, the CPF is intended to allow its holder to :
Access to employment
Maintaining employment
Change jobs
Who is the CPF for?
The Personal Training Account (PTA) is intended for :
- All employees, until their retirement
- People on an apprenticeship or professionalization contract
- Job seekers
- Young people who have left the school system without qualifications
- Public officials
- Self-employed workers since 2018 (artisans, merchants, microentrepreneurs, autoentrepreneur, farmer, artist, author …), liberal professions or self-employed
The Personal Training Account (PTA) follows each holder from the time he or she enters the workforce until retirement. It is closed on the date on which the holder asserts his or her retirement rights.
How is the Personal Training Account (PTA) funded?
From January 1ᵉʳ, 2015 to December 31, 2018, the CPF account was credited with training hours, at a rate of 24 hours per year for a full-time person. At that time, the CPF cap was 120 hours.
Since January 1ᵉʳ, 2019, as part of the law for the Freedom to choose one’s professional future, the CPF iscredited in euros and no longer in hours. The hours acquired under the CPF have been automatically converted into euros at a rate of 15 euros per hour.
What about the rights acquired under the DIF?
The rights acquired under the DIF (rights recorded in training hours), i.e. the rights acquired before 2015, are taken over and converted into CPF rights
Please note that this conversion is not automatic.
To convert DIF hours into CPF hours, the holder of these rights must enter the balance of hours acquiredmanually.
It is possible to find the balance of DIF hours on the pay slip of December 2014 or January 2015, or on the DIF certificate given by the employer.
Employees who have unused DIF hours have until June 30, 2021 to declare them on the Mon Compte Formation website. These hours will be automatically converted into euros.
How much is my CPF account credited each year?
The CPF account is automatically credited each year.
The amount credited will depend on the status of the holder.
A full-time employee
For employees with few or no qualifications who have not attained a level of training certified by a diploma classified at level 3 (CAP, BEP), the annual amount of the CPF credit is increased to 800 euros. The ceiling is set at 8,000 euros.
For other employees, the annual amount of the CPF credit is increased to 500 euros. The ceiling is set at 5,000 euros.
A part-time employee
If the working time is between 50% and 100% of full time over the whole year, the part-time employee will benefit from the same acquisition rights as a full-time employee: between 500 euros and 800 euros depending on his initial qualification level.
If the working time is less than 50% of full time, the CPF credit will be prorated.
Jobseekers
The jobseeker’s CPF account is not credited during the period of inactivity
However, the rights acquired during the period of activity are retained and can be used during the period of inactivity. Thus, all job seekers have a Personal Training Account (CPF) and retain the amount in euros previously capitalized.
Self-employed workersThe
CPF has been available to self-employed workers since 2018. To benefit from it, they must be up to date with the payment of the professional training contribution (PSC).
For 2018, the account has been funded to the tune of €360 for 2018 (24 hours X €15).
From 2019: When the self-employed worker has exercised his or her activity for a full year, the CPF account is funded up to 500 euros per year of work, up to a ceiling of 5,000 euros
When the self-employed worker has not worked for a full year, his or her CPF rights are calculatedpro rata to the time spent working during the year.
Public servants and consular agentsThey
benefit from other attribution rules.
A full-time employee earns 25 hours per work year up to a maximum of 150 hours
A part-time agent, acquires the same rights as a full-time person.
For employees working incomplete or non-full time, the number of hours worked is prorated according to the number of hours worked.
The mobilization of rights is different from that of private sector employees.
The CPF is one of the best ways to boost your french, what are you waiting for?
