The CAVAMAC (Old-Age Allowance Fund for General Agents and Non-Salaried Insurance and Capitalization Agents) manages retirement benefits for general insurance agents on behalf of the CNAVPL (National Old-Age Insurance Fund for Liberal Professions). It fully oversees supplementary pensions for these self-employed professionals who distribute insurance products.
CAVAMAC, formerly the Old-Age Allowance Fund for General Agents, is one of the 10 professional sections under the CNAVPL. It handles three core social protection schemes for general insurance agents: basic pensions, the RCO supplementary pension, and disability-death insurance. Specifically, CAVAMAC has managed basic pensions since 1949 and supplementary pensions since 1967, serving nearly 12,700 contributors in the basic scheme and about 12,600 in the supplementary one.
Governed by a 20-member Board of Directors—elected from active and retired affiliates for six-year terms—CAVAMAC operates under strict oversight from public authorities, including the Court of Auditors, IGAS (General Inspectorate of Social Affairs), the Social Security Department, and the National Control Mission.
Established under a January 17, 1948, law as a private-law entity, CAVAMAC fulfills public service missions under the Social Security Code for general insurance agents—as defined by the Insurance Code. This primarily includes self-employed general and insurance agents.
On behalf of the CNAVPL, CAVAMAC administers key aspects of the RBL (Régime de Base des Libéraux) basic pension scheme, shared across CNAVPL's 10 sections. This entitles members to quarters validated and retirement points based on earned income. CAVAMAC handles contribution collection and rights liquidation (calculation).
Basic pensions are calculated using validated quarters and the annually revalued RBL point value (as of January 1), multiplied by points earned.
Pensions can increase via bonus points for contributions after January 1, 2004, beyond legal retirement age and full-rate quarters; incapacity to work as an agent for 6+ months; disability while working; and maternity.
CAVAMAC fully manages the RCO supplementary scheme independently, under public authority supervision. Contributions—based on capped gross commissions, plus principal company contributions—earn RCO points. Pension amounts are the annually revalued RCO point value (set January 1 by the Board) times total career points.
Like basic pensions, members gain bonus points for 3+ children, a dependent disabled child, or deferred retirement beyond full-rate age.
