Caisse des Dépôts

Caisse des Dpts et Consignations (CDC) serves as an investment manager for the government and oversees tax-exempt funds collected by savings banks (caisses d'pargne) and the post office. The group invests its deposits in public projects including subsidized housing and semi-public companies formed with local governments for urban development. CDC manages retirement plans for government employees who are not part of the civil service system.