On 28 May 2025, the Prince's Government confirmed its intention to convert the draft law on time savings accounts submitted by the National Council in December, into a bill.
The Government's message is clear: to equip Monegasque law with the means to boost the productivity and competitiveness of Monegasque businesses.
The scheme allows employers to remunerate unused leave and rest periods, either immediately or in the future.
For employees, this allows them to supplement their remuneration in the event of absence, or to gradually reduce their working hours.
One of the advantages of the scheme is that remuneration paid is exempt from employee and employer social security contributions, up to a maximum of ten days' pay per year.
Time savings accounts are funded by employees and may be supplemented by employers, making the scheme accessible to both parties as a flexible working tool.
The conditions for its use and liquidation will be defined in the collective agreement or the employer's decision establishing it, after consultation with employee representatives. This creates a new opportunity for dialogue within companies.
However, it should be noted that the Government may amend the provisions of this proposal in its draft bill, which must be submitted by 5 June 2026 at latest.
