Pensionable age
1. After ceasing to hold office, former public office holders shall be entitled to a pension for life payable from the date when they reached the pensionable age laid down in Article 77 of the Staff Regulations which shall apply mutatis mutandis .
2. Former public office holders may, however, ask to start drawing such pension not earlier than 6 years before reaching the age referred to in paragraph 1. In that case, a coefficient shall be applied to the pension at the moment of the request as follows:
Between 6 and 4 years earlier
0,70
Between less than 4 and 3 years earlier
0,75
Between less than 3 and 2 years earlier
0,80
Between less than 2 and 1 years earlier
0,87
Less than 1 year earlier
0,95
Pension
The first sentence of the second paragraph of Article 77 of the Staff Regulations shall apply mutatis mutandis . The amount of the pension shall be equal to two times the rate referred to in the second sentence of the second paragraph of Article 77 of the Staff Regulations as applied to the basic salary last received for each full year in office and one-twelfth of that sum for each complete month.
When the public office holders concerned have performed various duties in the institutions of the Union, the salary on which their pension is to be calculated shall be directly proportional to the time they served in each duty respectively.
Budgetary coverage
Payment of the benefits under the pension scheme provided for in this Regulation shall be entered in the general budget of the Union. Member States shall jointly guarantee payment of those benefits in accordance with the scale laid down for financing such expenditure.
