Considerations on COM(2005)487 - Adjustment, from 1 July 2005, of the rate of contribution to the pension scheme of officials and other servants of the EC

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dossier COM(2005)487 - Adjustment, from 1 July 2005, of the rate of contribution to the pension scheme of officials and other servants of the EC.
document COM(2005)487 EN
date November 29, 2005
 
table>(1)In accordance with Article 13 of Annex XII to the Staff Regulations, on 1 September 2005 Eurostat submitted a report on the 2005 actuarial assessment of the pension scheme updating the parameters referred to in that Annex. According to this assessment, the rate of contribution required to maintain actuarial balance of the pension scheme is 10,3 % of the basic salary.
(2)However, under Article 2(2) of Annex XII to the Staff Regulations, the adjustment taking effect on 1 July 2005 must not lead to a contribution higher than 10,25 %.

(3)In the interests of actuarial balance of the pension scheme of officials and other servants of the European Communities, the rate of contribution should therefore be adjusted to the maximum permitted, i.e. 10,25 % of the basic salary,