There are many advantages to being a staff member of the
European Institutions. One significant advantage is that EU
Civil Service schemes provide very good pensions for those who
People who leave the EU without the legislated 10 years
qualifying service and without having reached retirement age, are
not eligible for the anticipated EU pension. However, they do
have the option of transferring accrued EU pension rights to a
pension in their own names.
"Under the Staff Regulations of Officials of the European
Communities and the Conditions of
Employment of Other Servants of the European Communities adopted
by Council Regulation 259/68, as amended by Council Regulation
723/2004 (directly applicable in all Member States of the European
Union), officials, temporary staff and contract staff whose service
terminates for reasons other than death or invalidity without their
qualifying for an immediate or deferred retirement pension have the
right, on leaving the service, to transfer the actuarial equivalent
of their accrued pension rights in the EU civil service pension
Indeed, the pensions leaving letter from the EU practically
encourages people to transfer by concluding with the following
"Finally, please bear in mind that if you delay your
transfer request until a later date, this may cause serious
problems when it comes to making the transfer."
This facility includes the following European institutions:
Court of Justice
Court of Auditors
Fusion for Energy ( F4e )
So why would you want to transfer your accrued EU pension? Well,
it is essential to point out that it may not be appropriate for
everyone to transfer out of the scheme. This will depend on
your personal circumstances. However, there are two reasons
why a transfer may be appropriate for you.
In the event that you die after leaving the scheme (with less
than 10 years' service) there is no death benefit payment made.
Secondly, your EU pension will, in effect, be frozen as at
the date of your leaving.
As a consequence of these two points, if you think they are
applicable to you, then you could consider a transfer. A
transfer will allow you to have a payment on death. As an
example, if the transfer value is 125,000€ (a not unusual
figure) then in the event of your death there would be
125,000€ available to your family or heirs. Also your money
can grow. Take the example if you leave the EU at age 35 you
will get up to 30 years opportunity for your money to grow.
As your money grows, your death benefit grows.
You cannot transfer your pension to any alternative pension.
The new pension that receives the transfer value has to
follow some terms and conditions that are laid out by the EU.
(Annex VIII to the Staff Regulations). The pensions
have to confirm in writing to the EU that they will follow these
There must be the facility for death benefit
The pension must be taken between the ages 60 to 65
The pension can only be used to provide a pension, there is no
lump sum payment
Should you wish to examine the possibility of a transfer, the
procedure is as follows:
You provide a letter of authority to approach the EU to confirm
your pension transfer value.
We undertake a review of your personal circumstances.
We provide you with a report based on an analysis from our
in-house highly qualified pensions' experts along with guidance
on what action to take. We provide the con's as well as
the pro's of a potential transfer so that you get a full and
If you decide to transfer then we will help you to choose the
pension company that will best suit you, including ensuring they
comply with the EU requirements above. Indeed, we have
a number of companies that have simplified their processes having
already had confirmation from the EU that their pensions comply
with the rules. Any costs are kept to a minimum.
With our assistance, an application form is completed and your
new pension is set up. Your EU pension is then transferred
directly into your new pension.
As part of our ongoing service, we provide regular reviews.
These reviews include an update on regulation and law, a
review of the economic circumstances to ensure your pension is
invested correctly and, finally, a review of your personal
circumstances (for example, if you are going to change the country
where you live).
We understand the EU civil service pension. Established contacts
have already been made with case handlers in the European
Institution offices of Administration and Payment of Entitlements
Department. We also understand how important it is for you to have
sound advice and assistance with making the right decision for you.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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