Under the Staff Regulations of Officials of the European Communities and the Conditions of Employment of Other Servants adopted by Council Regulation 259/68, as amended by Council Regulation 723/2004 (directly applicable in each Member State of the European Union), officials, temporary staff or contract staff who leave the service for reasons other than death or invalidity and who are not entitled to an immediate or deferred retirement pension are required, upon leaving the service, to transfer the actuarial equivalent of their pension rights accrued under the European Communities' pension scheme to a pension scheme offering similar rights.

The transfer to a private pension insurance scheme or other pension fund must comply with the criteria set out in Article 12(1)(b) of Annex VIII to the Staff Regulations, which guarantee specific conditions:

1. that the person concerned shall not be entitled to a lump-sum refund;
2. que l’intéressé percevra une rente mensuelle au plus tôt à partir de l’âge de 60 ans et au plus tard à partir de l’âge de 65 ans ;
3. their dependants will be entitled to survivor's benefits;
4. that transfer to another insurance company or fund will only be authorized under the same conditions as those described in points 1) to 3) above.

Quercus Risk & Capital will help you set up the new vehicle that meets these conditions and will take care of the administrative management of the transfer of the acquired reserve to a new pension scheme approved in Belgium.

*CE, Eurocontrol, European Defence Agency, …