*Update 03.10.2024 a transfer out to a PMO-approved scheme, such as the one presented by the (external) Allianz broker is only one of several options available.*

*Update 01.10.2024 full list of PMO-approved schemes added.* *Update 26.09.2024 footnote on local agents added below.*

Original article: By popular demand, the pension transfer-out event will take place again on Tuesday 1 October at 12.00 (CEST).

Additional questions from the original presentation (16.01.2024) are added and answered in our pension transfer FAQ. There will be a presentation and then a question and answer session. What does it mean to transfer out of the pension scheme of the European Union institutions (PSEUI)? Who has to do this?[*] What are the options available?

What are the timelines? What has to happen and why? Given the increasing use of non-permanent staff at the Commission this is a situation which will affect more and more staff. As ever, we encourage you to make informed decisions.

Conference: transfer-out of pension rights

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As always, if you have questions, please feel free to contact us.

[*] By default, Local agents do not make contributions to the PSEUI but could choose to transfer  contributions in to the PSEUI and then to reverse that by transferring out (among other options, see below).

‘The administrative manager may authorise the payment of these rights into another financial institution (e.g. a bank account held outside the country of employment, another pension scheme such as the PSEUI) upon reasoned request by the local agent and in compliance with local law …’ (Settlement of individual rights).

The 01.10.2024 event targets anyone transferring their contributions out of the PSEUI.

Feel free to get in touch with the (external) Allianz broker with your specific questions or to arrange a chat on transferring pension contributions to external (non-national) schemes.