Caisse de pensions

September 2007 Staff meeting 1

Caisse de pensionsCaisse de pensions

Pension FundPension Fund

Assurance MaladieAssurance Maladie

Health Health InsuranceInsurance

MARSMARS

MARSMARS

Infos GeneralesInfos Generales

Congé spécial Congé spécial épargné (SLS)épargné (SLS)

Saved leave scheme Saved leave scheme (SLS)(SLS)

LES ENJEUX,NOS PROPOSITIONS,VOTRE SOUTIEN

THE STAKES,OUR PROPOSALS,

YOUR SUPPORT


Summary Summary Pension FundPension Fund

new governance from 1new governance from 1stst October: what are the changes? October: what are the changes? Health InsuranceHealth Insurance

Health insurance scheme: are we heading towards an Health insurance scheme: are we heading towards an imbalance? imbalance?

Long-Term Care (LTC): update Long-Term Care (LTC): update Merit Appraisal and Recognition Scheme (MARS)Merit Appraisal and Recognition Scheme (MARS)

a 1a 1stst report report Saved Leave SchemeSaved Leave Scheme

Replacement of SLS programmeReplacement of SLS programme General informationGeneral information

Manpower plan, Nursery School canteen, Election of Staff Manpower plan, Nursery School canteen, Election of Staff CouncilCouncil


SummarySummary Pension FundPension Fund

new governance from 1new governance from 1stst October: October:

what are the changes?what are the changes?

Presentation by Dorothée DuretPresentation by Dorothée Duret Member of the GBPF* appointed by the Staff AssociationMember of the GBPF* appointed by the Staff Association

*Governing Board of the Pension Fund of CERN*Governing Board of the Pension Fund of CERN


Nov. 2006 Dec. 2006 June 2007

Pension Fund Pension Fund

Do you remember?Do you remember?


Reaffirmation of tReaffirmation of the roles ofhe roles of CERN Council CERN Council RegulatorRegulator Supreme authoritySupreme authority Sponsor Sponsor

The Fund remains under the legal framework The Fund remains under the legal framework of the Organizationof the Organization CERN Council remains the ultimate authorityCERN Council remains the ultimate authority The management of the Fund is delegated to an The management of the Fund is delegated to an

executive structure, separate from the CERN executive structure, separate from the CERN ManagementManagement

Main decisionsMain decisions – CERN Council / June 2007– CERN Council / June 2007

Pension Fund Pension Fund - New governance- New governance


Clarification of roles/responsibilities/line of Clarification of roles/responsibilities/line of reporting of each of the organs of the Fundreporting of each of the organs of the Fund The GBPF reports The GBPF reports directlydirectly to CERN Council to CERN Council The DG no longer has direct responsibility as far as The DG no longer has direct responsibility as far as

governance is concerned, but:governance is concerned, but:-- if the proposals may have a direct impact on staff if the proposals may have a direct impact on staff

policy, Council shall instruct the DG to elaborate policy, Council shall instruct the DG to elaborate concertedconcerted, concrete proposals (SCC, TREF loop , concrete proposals (SCC, TREF loop …)…)

-- if the proposals have an impact on the budget of if the proposals have an impact on the budget of the Organization, Council shall consult the DG the Organization, Council shall consult the DG beforebefore any decision any decision




Funding policyFunding policy must be clearly defined and incorporated into must be clearly defined and incorporated into

the Rules and Regulations of the Fundthe Rules and Regulations of the Fund must define the funding ratio, the Fund’s must define the funding ratio, the Fund’s

objective being to reach and maintain this ratioobjective being to reach and maintain this ratio must define the mechanisms and duration of must define the mechanisms and duration of

the recovery period to reach these objectives the recovery period to reach these objectives in the event of underfundingin the event of underfunding

must reinforce the guarantees in the event of must reinforce the guarantees in the event of dissolution of the Organisation or withdrawal dissolution of the Organisation or withdrawal of one of the Member Statesof one of the Member States




A restricted GBPFA restricted GBPF 10 members instead of 2010 members instead of 20

Reinforce the professional character of Reinforce the professional character of the organs of the Fundthe organs of the Fund 2 experts in the GBPF (with right to 2 experts in the GBPF (with right to

vote) vote) 2 experts in the Investment Committee2 experts in the Investment Committee

A code of conduct for the different A code of conduct for the different representatives in the GBPFrepresentatives in the GBPF




Employee collegeEmployee college

11 appointed by CERN SAappointed by CERN SA

22 appointed by CERN SAappointed by CERN SA

33 appointed by GACEappointed by GACE(CERN + ESO pensioners)(CERN + ESO pensioners)

44 appointed by ESO SAappointed by ESO SA

Employer collegeEmployer college

11 appointed by CERN Councilappointed by CERN Council

22 appointed by CERN Councilappointed by CERN Council

33 appointed by CERN DGappointed by CERN DG

44 appointed by Council and/or appointed by Council and/or ESO DGESO DG

ExpertsExperts

11 appointed by CERN Council on recommendation appointed by CERN Council on recommendation by GBPFby GBPF

22 appointed by CERN Council on recommendation appointed by CERN Council on recommendation by GBPFby GBPF

Composition of new GBPFComposition of new GBPF - from 1st Oct. 2007- from 1st Oct. 2007



Clarification of roles and responsibilities of different Clarification of roles and responsibilities of different parties (Council, GBPF, DG, …)parties (Council, GBPF, DG, …)

Absence of Supervisory Committee Absence of Supervisory Committee (contrary to OECD (contrary to OECD directive)directive)

Progress in funding policyProgress in funding policy Foreseeable loss of expertise in GBPFForeseeable loss of expertise in GBPF

through absence of alternatesthrough absence of alternates through total length of mandates limited to 6 yearsthrough total length of mandates limited to 6 years

SA did not oppose this, but has asked for:SA did not oppose this, but has asked for: an assessment of this new governance within 3 yearsan assessment of this new governance within 3 years a strengthening of the CERN Unit of the Pension Funda strengthening of the CERN Unit of the Pension Fund


What we think about these decisionsWhat we think about these decisions


What changes for the SA?What changes for the SA?

Representation of the CERN staff in the GBPFRepresentation of the CERN staff in the GBPF now ensured only by the 2 members appointed by now ensured only by the 2 members appointed by

the SAthe SA

Pensions Commission (inside SA)Pensions Commission (inside SA) compensate for the foreseeable loss of expertise in compensate for the foreseeable loss of expertise in

GBPFGBPF

Election of Staff Council delegatesElection of Staff Council delegates increase number of votersincrease number of voters



Appointment of the 2 SA members to GBPFAppointment of the 2 SA members to GBPF2 solutions considered2 solutions considered

Appointment by Staff Appointment by Staff CouncilCouncil

++ an appointed and representative an appointed and representative

body which defines its policy body which defines its policy according to procedures which according to procedures which allow the staff to be informedallow the staff to be informed

++ its representatives are accountable its representatives are accountable

(to the internal Pensions (to the internal Pensions Commission, Executive Commission, Executive Committee and Staff Council) Committee and Staff Council)

++ the staff may approve or disapprove the staff may approve or disapprove

the policy adopted (referendum, the policy adopted (referendum, general assembly, …)general assembly, …)

-- less democratic (second-level less democratic (second-level election)election)

Individual election Individual election by universal by universal suffrage suffrage

++ most democraticmost democratic

--

the elected member the elected member decides alone the policy decides alone the policy to adopt without us to adopt without us knowing how it has knowing how it has been determined or been determined or approvedapproved

solution retainedsolution retained



Staff Council decision on 21 August 2007Staff Council decision on 21 August 2007The Staff Council, on the proposal of the Executive The Staff Council, on the proposal of the Executive Committee, appoints the two Staff Association Committee, appoints the two Staff Association representatives in the GBPF.representatives in the GBPF.The Executive Committee puts forward its proposal The Executive Committee puts forward its proposal after seeking the opinion of the Pensions Commission of after seeking the opinion of the Pensions Commission of the Staff Councilthe Staff Council

Staff Council decision on 4 September 2007Staff Council decision on 4 September 2007Designation of the 2 members of the GBPF appointed by Designation of the 2 members of the GBPF appointed by the SA for a mandate beginning 1st October 2007the SA for a mandate beginning 1st October 2007 Dorothée DuretDorothée Duret Gianni DeromaGianni Deroma

Representation of CERN staff in GBPFRepresentation of CERN staff in GBPF



The Pensions Commission (inside SA), currently The Pensions Commission (inside SA), currently composed of members of the Staff Council, composed of members of the Staff Council, provides a framework to:provides a framework to: initiate and elaborate proposals initiate and elaborate proposals guarantee the continuity and follow-up of guarantee the continuity and follow-up of

dossiersdossiers provide training (for future candidates)provide training (for future candidates)

Staff Council decision on 21 August 2007Staff Council decision on 21 August 2007

This commission is now open to all members of This commission is now open to all members of the SA who are prepared to invest their time in the SA who are prepared to invest their time in pension issues.pension issues.




To represent the staff in the GBPF, individual election by To represent the staff in the GBPF, individual election by universal suffrage is thus replaced by an election by universal suffrage is thus replaced by an election by Staff Council delegatesStaff Council delegates As a result, it is proposed to increase the population who As a result, it is proposed to increase the population who

will elect the Staff Council delegateswill elect the Staff Council delegates

Staff Council decision on 21 August 2007Staff Council decision on 21 August 2007A proposal shall be made to the General Assembly in March A proposal shall be made to the General Assembly in March 2008 to facilitate membership for new staff members2008 to facilitate membership for new staff members by considering staff members on LD contracts (or by considering staff members on LD contracts (or

maximum 4 years) as members of the SA maximum 4 years) as members of the SA by offering them free membership during this periodby offering them free membership during this period by giving them the possibility, upon written request, to by giving them the possibility, upon written request, to

withdraw their membershipwithdraw their membership





new governance from 1new governance from 1stst October: what are the changes? October: what are the changes? Health insuranceHealth insurance


Long-Term Care (LTC): update Long-Term Care (LTC): update Merit Appraisal and Recognition Scheme (MARS) Merit Appraisal and Recognition Scheme (MARS)

a 1st reporta 1st report Saved Leave SchemeSaved Leave Scheme




Health Insurance SchemeHealth Insurance Scheme – financial – financial balancebalance

Reminder: remaining element of 5YRReminder: remaining element of 5YR

25 october 2006General Staff MeetingGeneral Staff Meeting 88

Health InsuranceHealth Insurance::

Objective:Objective: anticipate a deficit in 2009/2010anticipate a deficit in 2009/2010

20072007 (and only 2007)(and only 2007)

•• Increase annual deductible: 100 CHF Increase annual deductible: 100 CHF ?? 200 CHF 200 CHF

•• The Organisation will pay an equivalent amount to CHISThe Organisation will pay an equivalent amount to CHIS

2008/092008/09•• Following technical study in 2007: if an increase in the Following technical study in 2007: if an increase in the

contribution rates of the Organization and its beneficiaries is contribution rates of the Organization and its beneficiaries is necessary, basic salaries of staff members will increase to fullnecessary, basic salaries of staff members will increase to fully y compensate for this increase in contributionscompensate for this increase in contributions

DG revised proposals (version 1)DG revised proposals (version 1) || ContentsContents

maintainedmaintained

postponed: no decision before the outcome of the studypostponed: no decision before the outcome of the study



Technical study Technical study – Vuillemin Group– Vuillemin Group

1st results appeared in:1st results appeared in: CHISBull’ July 2007CHISBull’ July 2007

TREF presentation TREF presentation – – Tripartite Employment Conditions Tripartite Employment Conditions Forum - May 2007Forum - May 2007

Medium term: Medium term: scheme in equilibrium until 2010scheme in equilibrium until 2010 if the additional resources in 2007 are maintainedif the additional resources in 2007 are maintained

Long term : Long term : one predominant factor:one predominant factor:cost related to ageing of insured populationcost related to ageing of insured population

→ → the creation of a capitalized fund the creation of a capitalized fund is foreseenis foreseen




Actuarial reviewActuarial review : : Cost according to ageCost according to age



Actuarial reviewActuarial review: : Evolution of insured populationEvolution of insured population




Actuarial reviewActuarial review: : Evolution of insured populationEvolution of insured population→ → consequence on the average cost per insured member for the schemeconsequence on the average cost per insured member for the scheme

The actuary suggests the creation of a capitalized fundThe actuary suggests the creation of a capitalized fund annual increase of 1% of the contribution rate: 10%

10,1% 10,2% … if medical inflation increases more quickly than salaries

and pensions,integrate this differential into the increase in the

contribution rate




Latest news from the CHIS BoardLatest news from the CHIS Board

July 2007: added complication!July 2007: added complication!new HUG pricesnew HUG prices – Hôpitaux Universitaires de Genève– Hôpitaux Universitaires de Genève

Substantial increase in hospitalization costs Substantial increase in hospitalization costs for our insured members (≈ 50%) for our insured members (≈ 50%) Example : birthExample : birth

8000CHF 8000CHF 11000 CHF 11000 CHF in shared room in shared room

Urgent measures to be considered?Urgent measures to be considered? Mobilize Managements of Geneva IO?Mobilize Managements of Geneva IO?


Long-Term Care (LTC)Long-Term Care (LTC) – update– update


Actuarial review:Actuarial review:The actuary considers it possible:The actuary considers it possible:

to increase accommodation allowance from to increase accommodation allowance from 85 to 100 CHF85 to 100 CHF from from Jan. 2008 in order to cover 50% of the average real costs in Jan. 2008 in order to cover 50% of the average real costs in SwitzerlandSwitzerland

to set an objective for an annual revaluation of the allowance to set an objective for an annual revaluation of the allowance at at least equalleast equal to the average increase in salaries and pensions to the average increase in salaries and pensions

Where has the capital gone?Where has the capital gone? Capital accumulated since 2001: Capital accumulated since 2001: ≈ 45MCHF≈ 45MCHF

net return expected to be 4%, but in reality…net return expected to be 4%, but in reality… currently mixed in with the accounts of the Organizationcurrently mixed in with the accounts of the Organization→ → legal advice sought by SA on the ownership of legal advice sought by SA on the ownership of

these fundsthese funds→ → if necessary, we will have to go and get if necessary, we will have to go and get OUROUR

money!money!



new governance on 1new governance on 1stst October: what are the changes? October: what are the changes? Health insurance Health insurance


Long-Term Care (LTC): updateLong-Term Care (LTC): update Merit Appraisal and Recognition Scheme (MARS)Merit Appraisal and Recognition Scheme (MARS)


replacement of SLS programmereplacement of SLS programme General informationGeneral information



1st MARS exercise 1st MARS exercise – Quantitative – Quantitative resultsresults

Advancement distributionAdvancement distribution - SCC on 26 June 2007- SCC on 26 June 2007


1st MARS exercise 1st MARS exercise – – Quantitative resultsQuantitative results

Budget planBudget plan - SCC on 26 June 2007- SCC on 26 June 2007

Difference ≈ 60kCHF/month Difference ≈ 60kCHF/month → budget 2008→ budget 2008



New governance on 1New governance on 1stst October: what are the changes? October: what are the changes? Health insurance Health insurance

Health Insurance Scheme: are we heading towards an Health Insurance Scheme: are we heading towards an imbalance? imbalance?

Long-term Care (LTC): update Long-term Care (LTC): update Merit Appraisal and Recognition Scheme (MARS) Merit Appraisal and Recognition Scheme (MARS)


replacement of SLS programmereplacement of SLS programme General informationGeneral information



Saved Leave Saved Leave – Replacement of SLS– Replacement of SLS

Current SLS programmeCurrent SLS programme DG decision:DG decision: end of current Saved Leave end of current Saved Leave

Scheme (SLS) on 31/12/2007Scheme (SLS) on 31/12/2007 Art. S&R R II 4.29 (10Art. S&R R II 4.29 (10thth edition) : « The Director General may, edition) : « The Director General may,

under conditions laid down by him, grant special saved under conditions laid down by him, grant special saved leave... »leave... »

Terms of expiry of SLS programmeTerms of expiry of SLS programme until 31 Dec. 2007until 31 Dec. 2007

no change (possibility to accumulate and transfer days,…)no change (possibility to accumulate and transfer days,…)

on 1st Jan. 2008on 1st Jan. 2008 the the lastlast bonus (+1day/20days) is paid into saved leave account bonus (+1day/20days) is paid into saved leave account then saved leave then saved leave can no longer be added tocan no longer be added to the use of saved leave the use of saved leave will follow the rules definedwill follow the rules defined in the in the

current implementation procedurecurrent implementation procedure



New implementation of saved leaveNew implementation of saved leave 1st programme1st programme

Objective :Objective : allow staff members to benefit from allow staff members to benefit from flexi-time in the short termflexi-time in the short term

sliceslice monthly monthly costcost leaveleave

1st 1,5% * BS5,5

days/year

2nd 2,5% * BS5,5

days/year

3rd 2,5% * BS5,5

days/year

4th 2,5% * BS5,5 days/year

example:example: 3 slices3 slicescost = 6,5% * BS/monthcost = 6,5% * BS/monthleave = 16,5 days/yearleave = 16,5 days/year

Differences with SLS programmeDifferences with SLS programme- saved leave account may not exceed- saved leave account may not exceed 22 days22 days on 30 Sept. on 30 Sept.- no bonus- no bonus

→ → implemented in January 2008implemented in January 2008

approved

approvedSCCSCC

SCCSCC



2nd programme2nd programme

Objective :Objective : allow staff members to shorten their allow staff members to shorten their period of professional activity by planning period of professional activity by planning special end-of-career leave through regular special end-of-career leave through regular financial contributionsfinancial contributions

DG has undertaken to study possible terms for DG has undertaken to study possible terms for realizing this programme by the end of the realizing this programme by the end of the year, for implemetation in 2008, if an year, for implemetation in 2008, if an agreement is reached by SCC agreement is reached by SCC - CCP/2007-24- CCP/2007-24

New implementation of saved leaveNew implementation of saved leave


to pay a to pay a

replacementreplacement


2nd programme2nd programme → SA proposal→ SA proposalretirementretirement

Staff Staff

membermembersavings % salarysavings % salary

specialspecial

leaveleaveactivityactivity

FundFund

CERNCERN

manages and pays interest on savingsmanages and pays interest on savings

pays the staff memberpays the staff member

of savingsof savingsmonthly transfermonthly transfer

is transferedis transferedcapital accumulatedcapital accumulated

length of special leave inversely proportional to the salary of replacement:length of special leave inversely proportional to the salary of replacement: → → beginner : entry step (a0) in the same career pathbeginner : entry step (a0) in the same career path




2nd programme2nd programme → SA proposal→ SA proposal

simulationssimulations

Hypotheses :Hypotheses : savings = 2,5% * basic salarysavings = 2,5% * basic salary interest paid on savings: 2,5% net per yearinterest paid on savings: 2,5% net per year 35 years of career and savings35 years of career and savings average advancementaverage advancement

Result:Result: leave ≈ 280 daysleave ≈ 280 days SLS with bonus of 2.5% would give SLS with bonus of 2.5% would give 302 days302 days SLS with current bonus (1 day/20 days) would give SLS with current bonus (1 day/20 days) would give

480 days480 days



to pay to pay

a replacementa replacement


2nd programme2nd programme → SA proposal→ SA proposalretirementretirement

Staff Staff


specialspecial


FundFund

CERNCERN


pays the staff member pays the staff member

of savingsof savingsMonthly transferMonthly transfer

is transferedis transferedthe accumulated capitalthe accumulated capital

DG: DG: ok exceptok except mixes 2 mixes 2

conceptsconcepts CERN bonus at CERN bonus at

end of activity end of activity onlyonly



to pay to pay the staff memberthe staff member

to pay to pay a replacementa replacement



2nd programme2nd programme → alternative→ alternativeretirementretirement

Staff Staff


specialspecial


FundFund

CERNCERN



of savingsof savingsmonthly transfermonthly transfer

the accumulated capital is transferredthe accumulated capital is transferred complement transferredcomplement transferred monthlymonthly

makes up the savings of staff membermakes up the savings of staff member




new governance on 1new governance on 1stst October: what are the changes? October: what are the changes? Health Insurance Health Insurance


Long-term Care (LTC): update Long-term Care (LTC): update Merit Appraisal and Recognition Scheme (MARS) Merit Appraisal and Recognition Scheme (MARS)





General info General info – Manpower plan– Manpower plan

ReminderReminder - MARCH 2007- MARCH 2007

8 March 2007STAFF MEETINGSTAFF MEETING 66

1995 1995

2200 FTE2200 FTE

end of yearend of year

manpower manpower (expressed in FTEs: Full Time Equivalents)(expressed in FTEs: Full Time Equivalents)

RUNNING LHCRUNNING LHC

Resolution:Resolution: demand for additional staffdemand for additional staff

20032003 20052005 20072007 20102010

2000 FTE2000 FTE

2440 FTE2440 FTE

R&D + LHC upgradeR&D + LHC upgrade

Resolution

1. Reminds the Member States of the Organization of their declaration that “the highest priority is to fully exploit the physics potential of the LHC” and, therefore, insists that they give CERN the necessary additional resources, including those needed for the work to consolidate the existing installations;

Resolution

2. Asks the Member States of the Organization to accede to the Director-General’s request for the allocation of the necessary additional resources needed for a major increase in the LHC luminosity and to bring the research and development efforts back to a level which ensures the future of the Laboratory and European research in high-energy physics;



ReminderReminder - MARCH 2007- MARCH 2007

a petition with 1742 signatures a petition with 1742 signatures supporting the resolution is handed supporting the resolution is handed

over toover to- Council President- Council President

- Finance Committee Chairman- Finance Committee Chairman



Medium-Term PlanMedium-Term Plan - CERN/FC 5152 - JUNE 2007- CERN/FC 5152 - JUNE 2007

2250 FTE in 20082250 FTE in 2008

2400 FTE in 20122400 FTE in 2012


-200 FTE-200 FTE

-100 FTE-100 FTE-100 FTE-100 FTE

Our graphic analysis of the Our graphic analysis of the current LD populationcurrent LD population


DG meeting - Staff DG meeting - Staff - 27 JUNE 2007- 27 JUNE 2007


General info General info – Nursery School – Nursery School CanteenCanteen

60 places60 places New building: New building: 150 m150 m2 2 in Nursery in Nursery

SchoolSchool Supervision: Supervision: 5 assistants5 assistants CERN subsidy/6 years: CERN subsidy/6 years: 50 50

kCHF/yearkCHF/year Cost for parents : Cost for parents : 12 12

CHF/CHF/meal+servicemeal+service

SA ProjectSA Project

Contact:Contact:Joel Lahaye – Head of Joel Lahaye – Head of projectproject

approved

approvedSCCSCC

SCCSCC

opening in Sept. 2008opening in Sept. 2008


General info General info – Staff Council – Staff Council ElectionsElections

Electoral

college Department

Career path

totalno.

posts

electedNov. 2006

to be filledNov. 20071 AB/ATAB/AT E → GE → G 99 11 88

2 AB/ATAB/AT AA → AA → DD 1515 99 66

3 DG/DSU/FI/HR/DG/DSU/FI/HR/SCSC E → GE → G 55 11 44

4 DG/DSU/FI/HR/DG/DSU/FI/HR/SCSC

AA → AA → DD 77 22 55

5 IT/PHIT/PH E → GE → G 1414 33 1111

6 IT/PHIT/PH AA → AA → DD 88 88 00

7 TSTS E → GE → G 33 22 11

8 TSTS AA → AA → DD 99 55 44

Total Total Delegates:Delegates: 7070 3131 3939

89%89%

79%79%

71%71%

80%80%


To sum upTo sum up Pension FundPension Fund

new governance on 1st Oct. 2007: new governance on 1st Oct. 2007: to be assessed within 3 yearsto be assessed within 3 years Governing Board of the Pension FundGoverning Board of the Pension Fund

2 members representing CERN staff appointed by SA2 members representing CERN staff appointed by SAdesignated by Staff Council : D. Duret et G. designated by Staff Council : D. Duret et G.

DeromaDeroma Total length of mandates limited to 6 yearsTotal length of mandates limited to 6 years

let’s prepare tomorrow’s replacements today! let’s prepare tomorrow’s replacements today! join us at the pensions commission (inside SA)join us at the pensions commission (inside SA)

representation in Staff Council with an increased number of votersrepresentation in Staff Council with an increased number of votersby facilitating membership of new staff on LD by facilitating membership of new staff on LD

contractscontracts Health Insurance Scheme (CHIS)Health Insurance Scheme (CHIS)

Health Insurance Scheme (HIS): Health Insurance Scheme (HIS): are we heading towards an are we heading towards an imbalance? imbalance?

Long-Term Care (LTC) Long-Term Care (LTC) improving the accommodation allowanceimproving the accommodation allowance reserves in the CERN accounts reserves in the CERN accounts

if necessary, we will go and get our money!if necessary, we will go and get our money!


To sum up To sum up Merit Appraisal and Recognition Scheme (MARS)Merit Appraisal and Recognition Scheme (MARS)

2007: quantitative results « particularly meritorious »2007: quantitative results « particularly meritorious » balance of 2007 advancement budget to be carried forward balance of 2007 advancement budget to be carried forward

to 2008 exerciseto 2008 exercise Saved Leave SchemeSaved Leave Scheme

end of current Saved Leave Scheme (SLS)end of current Saved Leave Scheme (SLS) replaced by 2 new flexi-time programmesreplaced by 2 new flexi-time programmes

programme for « short-term use »:programme for « short-term use »: already approved already approved programme for « early retirement »:programme for « early retirement »: under discussion under discussion

General infoGeneral info manpower plan: manpower plan: 2008, bleak year!2008, bleak year! opening of Nursery School canteen: opening of Nursery School canteen: 60 places for Sept. 2008 60 places for Sept. 2008 election of Staff Council: election of Staff Council: stand as a candidate!stand as a candidate!

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Caisse de pensions