Income replacement ratio The ratio of pension to average net salary received during the same three year period used in the determination of the pension benefit.

Retirement pension

III. PENSIONABLE REMUNERATION AND PENSION ENTITLEMENTS .... 24 85 6

NPC The non pensionable component is that part of net salary excluded from application of staff assessment in determination of the gross pensionable salary.

categories monitoring of pensionable remuneration

The factor of 56.25 per cent corresponds to the pension benefit accumulation rate after 25 years of contributory service the maximum benefit accumulation rate is 66.25 per cent after 35 years of contributory service.

Rights to pension and disability insurance are defined by law as follows

Non pensionable component Context General Service pensionable remuneration.

2. Pension benefits

B. Pension benefits

VI. PENSION ADJUSTMENT SYSTEM . 156 236 36

Paragraph reference A. Pensionable remuneration and pension entitlements

Increase (decrease) in required rate of contributions (as percentage of pensionable remuneration)

(For purposes of pension benefits and pension contributions)

PENSIONABLE REMUNERATION AND PENSION ENTITLEMENTS

Two track pension adjustment system

1. Increased contribution rate from 21 to 21.75 per cent of pensionable remuneration.

1. Increased contribution rate from 21.75 to 22.2 per cent of pensionable remuneration.

1. Increased contribution rate from 22.2 to 22.5 per cent of pensionable remuneration.

The right to pension and disability insurance

E. Pension payments to former Secretaries General

Pension in respect of widow(er)hood due to occupational risk.

I. COMPARISON OF PENSIONABLE REMUNERATION . 70

Pensionable remuneration

Gross pensionable salary

Non pensionable allowance

A. Pensionable remuneration of the Professional and higher categories monitoring of pensionable

The pensionable remuneration of such staff is defined in article 54 (a) as the equivalent in dollars of the sum of their gross pensionable salary and pensionable allowances, if any.

85 The Commission decided to recommend to the General Assembly the income replacement approach using 66.25 per cent of the net pensionable salary for determining the pensionable remuneration of the General Service and related categories of staff.

Gross pension Gross pensionable salaries have been derived through the application of staff assessment to net pensionable salaries.

In order to carry out rights to pensions and disability insurance, two Entity funds for pension disability insurance were formed.

The amount of the Spanish pension in 1995 was 62,174 pesetas (373.67 euros) and the amount of the Swiss pension was 578 Swiss francs, both per month.

2. The amount of the retirement pension shall be determined as follows

F. Review of pensionable remuneration

Rights concerning pension disability insurance

Contributions towards pension are the same for both sexes.

(as percentage of pensionable remuneration)

It further noted that the inclusion of the non pensionable component in pensionable remuneration would have a significant impact.

Total net Total net remuneration is the sum of the non pensionable component and the net pensionable salary.

Table 31.6 Resource requirements pension payments to former Secretaries General

a Includes Briefing Assistant as at 1 September 1991.

Dependency allowances (net per annum) Language allowances (to be included in pensionable remuneration)

Child 2 217 First language 1 848 net per annum.

(Percentage of pensionable remuneration)

The amount of the pension is based on contributions in the years prior to the retirement date.