La Lettre Sociale
Mayer Brown Legal Update
No. 62: The PLFSS for 2012 was adopted at the first reading by the Assemblée nationale on 2 November. It should be noted in particular that this draft law provides for the reduction of the exemption ceiling for severance pay from three to two social-security annual ceilings, i.e. from €109,116 euro to €72,744 (text 752 provisionally adopted by the Assemblée nationale at the ordinary session of 2 November 2011).