Definitions

PPL: purchasing power loss.

PPL Account: individual accumulated loss of purchasing power account maintained for each beneficiary, the balance of which shall not exceed 8%.

Geneva CVI: annual variation of the Geneva consumer price index for the last twelve-month period (August to August), expressed in percentage points.

a) Persons who become beneficiary of a pension between 1 January 2012 and 31 July 2019, inclusive, shall receive no annual adjustment of pension unless their PPL account maintains no less than the minimum balance set out in Table 1. Provided their PPL account has such a balance, the method set out in paragraphs 2 (b) and (c) shall apply.

Age on last birthday  before date of application