REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the application of Annex XII to the Staff Regulations
1. This is an interim report from the Commission to the European Parliament and Council on the application of Annex XII to the Staff Regulations and the Conditions of Employment of Other Servants of the European Union (Staff Regulations). The report is an overview of how the rules for keeping the Pension Scheme for EU Officials (PSEO) in balance over the period 2014-2018 are being implemented. These rules are laid out in Article 83a and Annex XII of the Staff Regulations.
2. The report sets out the basic features of the PSEO. Benefits paid by the PSEO are charged to the EU budget and jointly guaranteed by Member States. Officials must contribute one third of the cost of financing the scheme. Article 83a of the Staff Regulations says that the balance of the pension scheme shall be ensured by adjusting the pensionable age and the rate of contributions. Annex XII sets out the actuarial rules for calculating the contribution rate in order to ensure that the scheme is in balance.