{"id":3592,"date":"2021-09-01T09:08:43","date_gmt":"2021-09-01T08:08:43","guid":{"rendered":"https:\/\/unionsyndicale.eu\/?p=3592"},"modified":"2023-08-04T10:26:07","modified_gmt":"2023-08-04T09:26:07","slug":"transferring-pension-rights-explained","status":"publish","type":"post","link":"https:\/\/unionsyndicale.eu\/en\/transferring-pension-rights-explained\/","title":{"rendered":"Transferring Pension Rights Explained"},"content":{"rendered":"<section class=\"l-section wpb_row height_auto\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"g-cols wpb_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-2 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><div class=\"vc_col-sm-8 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>After joining European institutions, is transferring your pension rights acquired previously into the EU pension scheme a good idea or not ?<\/p>\n<p><strong>Watch this video spot with Jimmy Stryhn Meyer:<\/strong><\/p>\n<\/div><\/div><div class=\"w-separator size_medium\"><\/div><div class=\"w-video align_none ratio_16x9 has_iframe\"><div class=\"w-video-h\"><iframe title=\"Youtube video player\" src=\"\/\/www.youtube.com\/embed\/D3TNNJKCZug?autoplay=0&controls=1&origin=https:\/\/unionsyndicale.eu\/en\/&loop=0&mute=0\" allowfullscreen=\"1\" loading=\"lazy\"><\/iframe><\/div><\/div><div class=\"w-separator size_large\"><\/div><div class=\"wpb_text_column us_custom_432d3f53\"><div class=\"wpb_wrapper\"><p>For further information :<\/p>\n<ul>\n<li><a href=\"https:\/\/unionsyndicale.eu\/en\/pension-rights-transfer-or-not\/\">Pension rights: transfer or not?<\/a><\/li>\n<li><a href=\"https:\/\/epsu-cj.lu\/en\/droits-a-pension-transferer-ou-pas\/\">Pension rights : Transferring or not ?\u00a0<\/a>\u00a0(PPT)<\/li>\n<\/ul>\n<p>Within a period of 10 years and 6 months since entering the service of the EU, the staff member may request the transfer of pension rights which he \/ she has acquired under a national pension scheme. The transfer, once made, becomes irreversible.<\/p>\n<p>This is why, before signing an application to transfer your national pension entitlements, think twice and seek advice from your union as to whether, given the effect of the minimum subsistence figure rule, this transfer is likely to produce more favourable results than keeping your national pension.<\/p>\n<p>This is the time, especially for staff members in lower grades or those with a short career perspective in the EU system, to check what will be the impact of the minimum subsistence figure rule on your future pension under the EU scheme; this is the formula for this rule:<\/p>\n<p><strong>Pension = (BS AST 1\/1) x 4 % x (years of service)<\/strong><\/p>\n<p>The minimum subsistence figure rule was not a novelty of the 2004 reform. What was new in the 2004 reform was the creation of a contract staff status with a much lower level of remuneration than that of officials \/ temporary staff. The creation in 2014 of the SC function group followed suit. As a result, the minimum subsistence figure rule has become increasingly relevant, by giving, in many cases, results better or equal or close to the \u2018normal\u2019 method of accruing pensionable years, even after you have added to them those resulting from a transfer.<\/p>\n<h4>Continue <a href=\"https:\/\/unionsyndicale.eu\/wp-content\/uploads\/2022\/08\/min_subs_USF_EN_extenso.pdf\">reading\u00a0here<\/a>.<\/h4>\n<\/div><\/div><div class=\"w-separator size_medium with_line width_50 thick_3 style_solid color_primary align_center\"><div class=\"w-separator-h\"><\/div><\/div><div class=\"w-separator size_medium\"><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-2 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>After joining European institutions, is transferring your pension rights acquired previously into the EU pension scheme a good idea or not ?<\/p>\n","protected":false},"author":2,"featured_media":3590,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[118,69],"tags":[],"dossier-special":[],"class_list":["post-3592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pension-special-report","category-special-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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