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Caisse de pensions

MARS. Caisse de pensions. Congé spécial épargné (SLS). Health Insurance. Assurance Maladie. Saved leave scheme (SLS). MARS. Pension Fund. LES ENJEUX, NOS PROPOSITIONS, VOTRE SOUTIEN. THE STAKES, OUR PROPOSALS, YOUR SUPPORT. Infos Generales. Summary. Pension Fund

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Caisse de pensions

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  1. MARS Caisse de pensions Congé spécial épargné (SLS) Health • Insurance Assurance Maladie Saved leave scheme (SLS) MARS Pension Fund LES ENJEUX, NOS PROPOSITIONS, VOTRE SOUTIEN THE STAKES, OUR PROPOSALS, YOUR SUPPORT Infos Generales

  2. Summary • Pension Fund • new governance from 1st October: what are the changes? • Health Insurance • Health insurance scheme: are we heading towards an imbalance? • Long-Term Care (LTC): update • Merit Appraisal and Recognition Scheme (MARS) • a 1st report • Saved Leave Scheme • Replacement of SLS programme • General information • Manpower plan, Nursery School canteen, Election of Staff Council

  3. Summary • Pension Fund • new governance from 1st October: what are the changes?  Presentation by Dorothée Duret Member of the GBPF* appointed by the Staff Association *Governing Board of the Pension Fund of CERN

  4. Pension Fund Do you remember? Nov. 2006 Dec. 2006 June 2007

  5. Pension Fund - New governance Main decisions– CERN Council / June 2007 • Reaffirmation of the roles of CERN Council • Regulator • Supreme authority • Sponsor • The Fund remains under the legal framework of the Organization • CERN Council remains the ultimate authority • The management of the Fund is delegated to an executive structure, separate from the CERN Management

  6. Pension Fund - New governance Main decisions– CERN Council / June 2007 • Clarification of roles/responsibilities/line of reporting of each of the organs of the Fund • The GBPF reports directly to CERN Council • The DG no longer has direct responsibility as far as governance is concerned, but: - if the proposals may have a direct impact on staff policy, Council shall instruct the DG to elaborate concerted, concrete proposals (SCC, TREF loop …) - if the proposals have an impact on the budget of the Organization, Council shall consult the DG before any decision

  7. Pension Fund - New governance Main decisions– CERN Council / June 2007 • Funding policy • must be clearly defined and incorporated into the Rules and Regulations of the Fund • must define the funding ratio, the Fund’s objective being to reach and maintain this ratio • must define the mechanisms and duration of the recovery period to reach these objectives in the event of underfunding • must reinforce the guarantees in the event of dissolution of the Organisation or withdrawal of one of the Member States

  8. Pension Fund - New governance Main decisions– CERN Council / June 2007 • A restricted GBPF • 10 members instead of 20 • Reinforce the professional character of the organs of the Fund • 2 experts in the GBPF (with right to vote) • 2 experts in the Investment Committee • A code of conduct for the different representatives in the GBPF

  9. Pension Fund - New governance Composition of new GBPF- from 1st Oct. 2007

  10. Pension Fund - New governance What we think about these decisions • Clarification of roles and responsibilities of different parties (Council, GBPF, DG, …) • Absence of Supervisory Committee (contrary to OECD directive) • Progress in funding policy • Foreseeable loss of expertise in GBPF • through absence of alternates • through total length of mandates limited to 6 years • SA did not oppose this, but has asked for: • an assessment of this new governance within 3 years • a strengthening of the CERN Unit of the Pension Fund    

  11. Pension Fund - New governance What changes for the SA? • Representation of the CERN staff in the GBPF • now ensured only by the 2 members appointed by the SA • Pensions Commission (inside SA) • compensate for the foreseeable loss of expertise in GBPF • Election of Staff Council delegates • increase number of voters

  12. Pension Fund - New governance Appointment of the 2 SA members to GBPF 2 solutions considered solution retained

  13. Pension Fund - New governance Representation of CERN staff in GBPF • Staff Council decision on 21 August 2007 The Staff Council, on the proposal of the Executive Committee, appoints the two Staff Association representatives in the GBPF. The Executive Committee puts forward its proposal after seeking the opinion of the Pensions Commission of the Staff Council • Staff Council decision on 4 September 2007 Designation of the 2 members of the GBPF appointed by the SA for a mandate beginning 1st October 2007 • Dorothée Duret • Gianni Deroma

  14. Pension Fund - New governance Representation of CERN staff in GBPF • The Pensions Commission (inside SA), currently composed of members of the Staff Council, provides a framework to: • initiate and elaborate proposals • guarantee the continuity and follow-up of dossiers • provide training (for future candidates) • Staff Council decision on 21 August 2007 This commission is now open to all members of the SA who are prepared to invest their time in pension issues.

  15. Pension Fund - New governance Representation of CERN staff in GBPF • To represent the staff in the GBPF, individual election by universal suffrage is thus replaced by an election by Staff Council delegates • As a result, it is proposed to increase the population who will elect the Staff Council delegates • Staff Council decision on 21 August 2007 A proposal shall be made to the General Assembly in March 2008 to facilitate membership for new staff members • by considering staff members on LD contracts (or maximum 4 years) as members of the SA • by offering them free membership during this period • by giving them the possibility, upon written request, to withdraw their membership

  16. Summary • Pension Fund • new governance from 1st October: what are the changes? • Health insurance • Health insurance scheme: are we heading towards an imbalance? • Long-Term Care (LTC): update • Merit Appraisal and Recognition Scheme (MARS) • a 1st report • Saved Leave Scheme • Replacement of SLS programme • General information • Manpower plan, Nursery School canteen, Election of Staff Council

  17. Health Insurance Scheme– financial balance Reminder: remaining element of 5YR

  18. Health Insurance Scheme– financial balance Technical study – Vuillemin Group • 1st results appeared in:CHISBull’ July 2007 • TREF presentation – Tripartite Employment Conditions Forum - May 2007 • Medium term: scheme in equilibrium until 2010 if the additional resources in 2007 are maintained • Long term : one predominant factor: cost related to ageing of insured population → the creation of a capitalized fund is foreseen

  19. Health Insurance Scheme– financial balance Technical study – Vuillemin Group • Actuarial review : Cost according to age

  20. Health Insurance Scheme– financial balance Technical study – Vuillemin Group • Actuarial review: Evolution of insured population

  21. Health Insurance Scheme– financial balance Technical study – Vuillemin Group • Actuarial review: Evolution of insured population → consequence on the average cost per insured member for the scheme • The actuary suggests the creation of a capitalized fund • annual increase of 1% of the contribution rate:10%  10,1%  10,2% … • if medical inflation increases more quickly than salaries and pensions, • integrate this differential into the increase in the contribution rate

  22. Health Insurance Scheme– financial balance Latest news from the CHIS Board • July 2007: added complication! new HUG prices– Hôpitaux Universitaires de Genève • Substantial increase in hospitalization costs for our insured members (≈ 50%) • Example : birth 8000CHF  11000 CHF in shared room • Urgent measures to be considered? • Mobilize Managements of Geneva IO?

  23. Long-Term Care (LTC)– update Technical study – Vuillemin Group • Actuarial review: The actuary considers it possible: • to increase accommodation allowance from 85 to 100 CHF from Jan. 2008 in order to cover 50% of the average real costs in Switzerland • to set an objective for an annual revaluation of the allowance at least equal to the average increase in salaries and pensions • Where has the capital gone? • Capital accumulated since 2001: ≈ 45MCHF • net return expected to be 4%, but in reality… • currently mixed in with the accounts of the Organization → legal advice sought by SA on the ownership of these funds → if necessary, we will have to go and get OUR money!

  24. Summary • Pension Fund • new governance on 1st October: what are the changes? • Health insurance • Health insurance scheme: are we heading towards an imbalance? • Long-Term Care (LTC): update • Merit Appraisal and Recognition Scheme (MARS) • a 1st report • Saved Leave Scheme • replacement of SLS programme • General information • Manpower plan, Nursery School canteen, Election of Staff Council

  25. 1st MARS exercise – Quantitative results Advancement distribution- SCC on 26 June 2007

  26. 1st MARS exercise – Quantitative results Budget plan- SCC on 26 June 2007 Difference ≈ 60kCHF/month → budget 2008

  27. Summary • Pension Fund • New governance on 1st October: what are the changes? • Health insurance • Health Insurance Scheme: are we heading towards an imbalance? • Long-term Care (LTC): update • Merit Appraisal and Recognition Scheme (MARS) • a 1st report • Saved Leave Scheme • replacement of SLS programme • General information • Manpower plan, Nursery School canteen, Election of Staff Council

  28. Saved Leave – Replacement of SLS Current SLS programme • DG decision: end of current Saved Leave Scheme (SLS) on 31/12/2007 • Art. S&R R II 4.29 (10th edition) : « The Director General may, under conditions laid down by him, grant special saved leave... » • Terms of expiry of SLS programme until 31 Dec. 2007 • no change (possibility to accumulate and transfer days,…) on 1st Jan. 2008 • the last bonus (+1day/20days) is paid into saved leave account • then saved leave can no longer be added to • the use of saved leave will follow the rules defined in the current implementation procedure

  29. SCC approved SCC Saved Leave – Replacement of SLS New implementation of saved leave • 1st programme Objective : allow staff members to benefit from flexi-time in the short term → implemented in January 2008 • example:3 slices cost = 6,5% * BS/month leave = 16,5 days/year Differences with SLS programme - saved leave account may not exceed22 days on 30 Sept. - no bonus

  30. Saved Leave – Replacement of SLS New implementation of saved leave • 2nd programme Objective : allow staff members to shorten their period of professional activity by planning special end-of-career leave through regular financial contributions • DG has undertaken to study possible terms for realizing this programme by the end of the year, for implemetation in 2008, if an agreement is reached by SCC - CCP/2007-24

  31. Saved Leave – Replacement of SLS New implementation of saved leave • 2nd programme→ SA proposal special leave retirement activity savings % salary Staff member monthly transfer of savings Fund manages and pays interest on savings capital accumulated is transfered CERN to pay a replacement pays the staff member length of special leave inversely proportional to the salary of replacement: → beginner : entry step (a0) in the same career path

  32. Saved Leave – Replacement of SLS New implementation of saved leave • 2nd programme→ SA proposal simulations Hypotheses : • savings = 2,5% * basic salary • interest paid on savings: 2,5% net per year • 35 years of career and savings • average advancement Result:leave ≈ 280 days • SLS with bonus of 2.5% would give 302 days • SLS with current bonus (1 day/20 days) would give 480 days

  33. Saved Leave – Replacement of SLS New implementation of saved leave • 2nd programme→ SA proposal special leave retirement activity DG: ok except • mixes 2 concepts • CERN bonus at end of activity only savings % salary Staff member Monthly transfer of savings Fund manages and pays interest on savings the accumulated capital is transfered CERN to pay a replacement pays the staff member

  34. Saved Leave – Replacement of SLS New implementation of saved leave • 2nd programme→ alternative special leave retirement activity savings % salary Staff member monthly transfer of savings Fund manages and pays interest on savings complement transferred monthly the accumulated capital is transferred makes up the savings of staff member CERN to pay a replacement to pay the staff member pays the staff member pays the staff member

  35. Summary • Pension Fund • new governance on 1st October: what are the changes? • Health Insurance • Health insurance scheme: are we heading towards an imbalance? • Long-term Care (LTC): update • Merit Appraisal and Recognition Scheme (MARS) • a 1st report • Saved Leave Scheme • Replacement of SLS programme • General information • Manpower plan, Nursery School canteen, Election of Staff Council

  36. General info – Manpower plan Reminder- MARCH 2007

  37. General info – Manpower plan Reminder- MARCH 2007 a petition with 1742 signatures supporting the resolution is handed over to - Council President - Finance Committee Chairman

  38. General info – Manpower plan Medium-Term Plan- CERN/FC 5152 - JUNE 2007 2400 FTE in 2012 2250 FTE in 2008

  39. Our graphic analysis of the current LD population -200 FTE -100 FTE -100 FTE General info – Manpower plan DG meeting - Staff - 27 JUNE 2007

  40. SCC approved SCC General info – Nursery School Canteen • 60 places • New building: 150 m2 in Nursery School • Supervision: 5 assistants • CERN subsidy/6 years: 50 kCHF/year • Cost for parents : 12 CHF/meal+service SA Project opening in Sept. 2008 Contact: Joel Lahaye – Head of project

  41. General info – Staff Council Elections 89% 80% 71% 79%

  42. To sum up • Pension Fund • new governance on 1st Oct. 2007: to be assessed within 3 years • Governing Board of the Pension Fund • 2 members representing CERN staff appointed by SA designated by Staff Council : D. Duret et G. Deroma • Total length of mandates limited to 6 years let’s prepare tomorrow’s replacements today!  join us at the pensions commission (inside SA) • representation in Staff Council with an increased number of voters by facilitating membership of new staff on LD contracts • Health Insurance Scheme (CHIS) • Health Insurance Scheme (HIS): are we heading towards an imbalance? • Long-Term Care (LTC) • improving the accommodation allowance • reserves in the CERN accounts if necessary, we will go and get our money!

  43. To sum up • Merit Appraisal and Recognition Scheme (MARS) • 2007: quantitative results « particularly meritorious » • balance of 2007 advancement budget to be carried forward to 2008 exercise • Saved Leave Scheme • end of current Saved Leave Scheme (SLS) • replaced by 2 new flexi-time programmes • programme for « short-term use »: already approved • programme for « early retirement »: under discussion • General info • manpower plan: 2008, bleak year! • opening of Nursery School canteen: 60 places for Sept. 2008 • election of Staff Council: stand as a candidate!

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