Article II 1.08 Basis for Calculation of Benefits 

Benefits, with the exception of transfer values, are calculated on the basis of the highest of the following amounts at the time of termination of membership:

a) for members who joined the Fund on or before 31 December 2011:

i) the reference salary corresponding to the remuneration for 40 hours' work per week;

ii) 10/7 of the reference salary corresponding to 99.35% of the midpoint of grade 1 of the CERN salary scale.

b) for members who joined the Fund on or after 1 January 2012:

i) the average of the last 36 months' reference salaries, each corresponding to the remuneration for 40 hours' work per week, derived from the salary scale effective at the time of termination of membership;

ii) 10/7 of the reference salary corresponding to 99.35% of the midpoint of grade 1 of the CERN salary scale.

Benefits thus calculated shall be reduced in application of Article II 1.13, as appropriate.

Article II 1.13 Reduction of Benefits

Where during the period of membership a payment has been made into another pension scheme (Article II 1.10) or where the contribution has not been continuously based on the reference salary relative to the member's remuneration for 40 hours' work per week as provided for in Article II 1.03, the period of membership used in the calculation of benefits, at the time they become due, shall be equal to the total reckonable period of membership multiplied by the following ratio:

Article II 2.02 Amount of Retirement Pension 

Subject to the provisions of Article II 1.13, the amount of the retirement pension at the applicable retirement age, or of the deferred pension, shall  be  calculated by  taking:  

   a) for members who joined the Fund on or before 31 December 2011, 2% of the Basis for the Calculation of Benefits, as set out in Article II 1.08, for each year of membership, up to a maximum of 35 years;

   b) for members who joined the Fund on or after 1 January 2012, 1.85% of the Basis for the Calculation of Benefits, as set out in Article II 1.08, for each year of membership, up to a maximum of 37 years and 10 months.

Notwithstanding Article II 1.08, the retirement pension thus calculated may not be higher than the final basic salary of the member. 

This limit shall be reduced proportionally when the calculation is on the basis of less than the aforementioned applicable maximum period. 

Article II 2.03 Entitlement to Deferred Retirement Pension

A member with at least five years of service who leaves the Fund before the applicable retirement age for a reason other than death or total disability shall be entitled to a retirement pension deferred to the applicable retirement age at the latest.