A tailor-made fund
As the Pension Fund does not fall under any national legislation, the CERN Council has provided a legal framework for the independent operations of the Pension Fund within CERN.
The assets of the Fund are held separately from those of CERN and ESO, the two Fund sponsors. They must be totally and exclusively used for the purpose of the benefits provided for by the Fund’s Rules.
Article I 3.03 of the Pension Fund of the Rules states that “CERN and ESO guarantee the benefits acquired under the Rules by the members of their own personnel until the cessation of the rights of the last beneficiary“.