CERN Accelerating science

Pensions

Mission

The mission of the Pension Commission is to examine all questions relating to “the financial consequences of old-age and disability”, covered by “an old-age and disability insurance scheme through a pension fund” (Article S IV 2.01 of the Staff Rules and Regulations).

 

Scope of activities

In order to fulfil its mission, the Pension Commission shall:

  • analyse all data and proposals originating from internal bodies and entities of the CERN Pension Fund (PFGB, PFIC, ATC, and other formally established entities), or entities external to the Pension Fund, and form an opinion and/or draw up proposals in the interest of the Fund and of its beneficiaries. This shall include, among other things:
    • reviewing data from the Investment Committee (PFIC) ;
    • analysing the annual and triennial actuarial reviews monitored by the Actuarial and Technical Committee (ATC);
    • preparing meetings of the bodies and entities of the Pension Fund;
  • ensure that the positions of the Association are known and defended by the representatives of the Association and GAC-EPA, who are on bodies and entities of the Pension Fund;
  • ensure compliance with the procedures and rules laid down by the Pension Fund.

 

Means

The Pension Commission shall present its work to the Council, together with any proposal that requires discussion, directions or approval of the Council. Where necessary, the Commission may report to the Executive Committee prior to reporting to the Council.

 

Coordinators

Peter Hirstov, Nicolas Salomon