Transfert of Pension Rights for new starters: another month delay

The entry into force of new general implementing provisions on transfers of pension rights will not be before August 1, 2010.

The Commission should finally consider during the next few weeks a draft update of the existing General Implementing Provisions (2004 – Articles 11 and 12 of Annex VIII of the Statute), concerning the transfers of pension rights. If adopted, the actuarial factors used to calculate the transfer of pension rights will take account of changes in parameters such as interest rate and mortality table. This adjustment will affect the outcome of future transfers in (to the pension plan of the EU institutions – CFUP) and out (of a regime CFUP to third parties).

http://myintracomm.ec.europa.eu/NewsPortal/Pages/NewsDetail.aspx?listid=ca0d42bc-01e2-4e4f-ad2e-2226c45ad38c&itemid=1584

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