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At the end of 2009 our Pension Fund's deficit was 2,000,000,000 CHF (for a total fortune of 3,700,000,000 CHF).

This defict keeps growing at a rate of 80,000,000 CHF /year.
Or 220,000 CHF / day !!!

Since January the 1st 2010, it has grown another

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Pension Fund

Public meetings in March
Presentation, Video

FAQ Pensions
Letter to the pensioners

8 February 2010
Whilst we were gathered in the main building on 17 December last year, CERN Council was deciding on the future of our pensions. Nothing happened, except for an additional delaying tactic surrounded by an official silence. Having noted the decision by the Member States to remove from the Pension Fund Governing Board (PFGB) the discussions about restoring the financial health of our Pension Fund, the newly-elected Staff Council has unanimously decided that the President of the Staff Association should resign from his position in the PFGB. Our President is thus free from his duty of discretion and can now fully defend the rights of all the beneficiaries of our Fund.
Open letter to President of CERN Council : resignation of Gianni Deroma from PFGB
Chronology of a decision forever being postponed

11 January 2010
2010: a decisive year - Salaries, Health Insurance, Pensions (article published in Echo No. 93)

18 December
A huge THANK YOU for having been many to attend our meeting this morning. Our petition has already collected more than 700 signatures.
Those of you who have not yet signed the petition can still do so at the Staff Association Secretariat.
We wish you and your families excellent end-of-year celebrations

17 December : Speech Photos Video (Father Christmas)

What was in Father Christmas' sack?
A letter to the Council Delegates
A document on the history of underfunding
A box of Swiss chocolate

Updated on 16 December: FAQ Pensions
14 December : Video of the public meeting
14 December: Presentation on Monday 14 December
14 December: Letter from President of CERN Council
14 December: Letter to President of CERN Council
10 December: Announcement of public meeting
10 December: Information Flash to the staff
9 December: Open letter to President of CERN Council

On the front page

Social Insecurity

No, this is not the title of the latest horror film to appear on our screens, only a reflection of the very tense situation in which we find our two social mainstays: the health insurance scheme and pension fund.

If both are in deficit today, this is not due to a lack of timely warning. For several years, the Member States have been asked to make decisions. However, with the exception of a few small measures, they continually delay the moment when they will truly have to face up to their obligations.