Article II 1.08 Basis for Calculation of Benefits (Retirement and Disability Pensions) 

These benefits 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.