1. CERN Pension Fund Emilie Clerc Benefits Service

2. Emilie Clerc - Induction September 20101 Purpose of the Fund To insure its members and beneficiaries against the economic consequences of: disability old age death

3. Emilie Clerc - Induction September 20102 Members of the Fund CERN staff members CERN fellows ESO (European Southern Observatory) International Staff Members

4. Emilie Clerc - Induction September 20103 Resources of the Fund contributions from CERN and ESO contributions from the members income from the investment of assets

5. Emilie Clerc - Induction September 20104 Transfers from other schemes The purpose: To put back the effective date of entry to an earlier date.

6. Emilie Clerc - Induction September 20105 Contributions Organization: 20.59% Member: 10.29% of the member’s reference salary

7. Emilie Clerc - Induction September 20106 Retirement pension The official retirement age is 65 Pensions are calculated on the basis of 2% of the last reference salary per year of membership (minimum 5 years; maximum 35 years)

8. Emilie Clerc - Induction September 20107 Leaving CERN 3 scenarios

9. Emilie Clerc - Induction September 20108 Leaving CERN Less than 5 years of service 1.the transfer value can be paid into another pension scheme 2.the transfer value can be paid to the member

10. Emilie Clerc - Induction September 20109 Leaving CERN Between 5 and 10 years of service 1.the member is entitled to a deferred retirement pension 2.the transfer value can be paid into another pension scheme 3.if the latter is not possible, the transfer value can be paid to the member

11. Emilie Clerc - Induction September 201010 Leaving CERN More than 10 years of service 1.the member is entitled to a deferred retirement pension 2.the transfer can be paid into another pension scheme

12. Emilie Clerc - Induction September 201011 Leaving CERN Calculation of the transfer value 14.7% of the last reference salary for the first 10 years of service 22% of the last reference salary for each further year of service

13. Emilie Clerc - Induction September 201012 Investments Strategic allocation Equities:34% (25% - 45%) Bonds:37% (30% - 45%) Real-Estate:15% (10% - 20%) Cash/diversifying assets:14% (0% - 20%)

14. Emilie Clerc - Induction September 201013 2009 results Global performance:13.5% Total assets:3.9 billion CHF

15. Emilie Clerc - Induction September 201014 Other information Web site : http://pensions.web.cern.ch/pensionshttp://pensions.web.cern.ch/pensions - Rules and Regulations of the CERN Pension Fund - Financial statements Annual General Meeting Emilie Clerc (5/5-017) tel.: 78798 emilie.clerc@cern.ch