Cash & Liquidity Management
Published  5 MIN READ
Please note: this article is over 15 years old. If you feel this article is inaccurate or contains errors get in touch here . Many thanks, TMI


Finance Director of AGRIC and ARRCO – Secretary of AGFF

“The Agirc and Arrco systems cover 18 million members, including around 3.7 million managers”

La Lettre du Trésorier

Your thesis at the end of your studies prepared you for your current role, I believe?

Philippe Goubeault

Yes that’s right, when I was doing my doctorate in economics and finance at Orléans I wrote my thesis on financial mechanisms for retirement. This is why, in 1981, I was called upon by Arrco where a post had just been created within the technical and finance division. Afterwards as an actuary I was appointed head of technical services in charge mainly of research into the prospects of changes in regimes, research made available to the social partners for their negotiations and then the technical and financial director of Arrco. After the merger of Agirc and Arrco, when the economic interest group Agric-Arrco was formed in 2002, I became finance director of both associations. The Agirc and Arrco systems cover 18 million members, including around 3.7 million managers.

The organisational structure of Agirc-Arrco is not exactly simple, is it?

PG: The Agirc-Arrco economic interest group combines the resources of the two associations in respect of the two supplementary pension schemes. Arrco is for employees in the private sector and Agirc for managers. The management of each scheme is decentralised. Within each of the associations, the member institutions cover contributions, pay out benefits and manage the shares of the reserves.

All the entities within the system, the two federations and their institutions, the AGFF and the social protection groups are managed by the social partners.