07b Intermediate Adjustment January 2013

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Presentation transcript:

07b Intermediate Adjustment January 2013 + support docs 15, 16, 17, 18 07b Intermediate Adjustment January 2013 Working Group on Art 64 & Art 65 of the Staff Regulations Meeting in Luxembourg on 27 September 2013

Intermediate adjustment Cost of living in Brussels (BII) or in any individual duty station (CC x BII) exceeds threshold during six month period since last annual adjustment  intermediate update required Threshold: 7% for year (i.e. 3.5% for 6 months) Required data: BII for six month period June-December CC at end of that period 50% of GSI forecast July-July (in case negative)

Report – Summary Sent to DG HR (25.06.2013, Ares(2013)2482119) Doc.A64/13/18 (=Ares(2013) 2482119) Report – Summary Sent to DG HR (25.06.2013, Ares(2013)2482119) BII (June 2012 – December 2012): 101.0 Below threshold  no adjustment for BRU/LUX Forecasted GSI (sample of 8, 01/07/2012 – 01/07/2013): 98.0 Negative adjustment  half of it has to be taken into account  99.0 Required adjustment: -0.1% (101.0 x 99.0)

Report – Summary, continued Product of BII and CC for staff did not exceed the threshold in any location Movement for pensioners did not exceed the threshold in any country No intermediate adjustment!