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Cern Pension Fund Actuarial and Technical Committee
vor 4 Monaten
**Job Description**:
**Background**
The CERN Pension Fund is the pension fund of the European Organization for Nuclear Research (CERN). The purpose of the Fund is to provide pension and social security benefits to over 7,000 members and beneficiaries employed at CERN and at the European Southern Observatory (ESO). CERN’s overall mission is to enable international collaboration in the field of high-energy particle physics research. ESO’s mission is to enable major scientific discoveries by constructing and operating powerful ground-based observational facilities that are beyond the capabilities of individual member states and also to foster international cooperation in astronomy. Operating as a funded defined benefit scheme the CERN Pension Fund's assets currently exceed CHF4.4 billion.
The Fund is an integral part of CERN but with operational autonomy. The oversight of the fund is entrusted to the Pension Fund Governing Board (PFGB) which is assisted by an Actuarial and Technical Committee (ATC) and Investment Committee (IC).
The management of the Fund is entrusted to the Chief Executive Officer who is accountable to the PFGB and is supported by the Pension Fund Management Unit (PFMU).
The composition of the ATC provides for one or more additional members and there is currently an opening for one or more members, effective from 1 May 2023.
**Role and composition of the ATC**
The functions of the ATC are laid down in Article I 2.13 of the Fund’s Rules and include, amongst other things, proposing the Actuary for appointment by the PFGB, reviewing the periodic actuarial reviews prepared by the Actuary, monitoring the Fund’s funding status, and advising the PFGB on any measures aimed at full funding. In addition, the ATC provides oversight of the administration, systems and processes related to the service provided to members and beneficiaries.
The composition of the ATC is set out in Article I 2.14 of the Fund’s rules. The ATC is required to have at least three members, comprising two members of the Governing Board appointed by the latter and one or more additional member(s) appointed by the Governing Board, who may be either Governing Board members with relevant experience or external experts.
The members of the ATC are appointed for a period of three years, renewable once for a further maximum consecutive period of three years.
**Description of work**
**Qualifications and requirements**
- Pension scheme benefits/rules
- Actuarial science
- Actuarial valuation methods
- Funding strategies
- Pension scheme administration/operations
- Financial reporting
- Risk management
- Auditing
**Fees**
A market-competitive fee will be payable to external experts appointed who are not in the employment of CERN or ESO. Further information shall be provided at the selection stage.
**Applications**
**Deadlines
