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Pension contribution rate ï§ The suggested methodology is in line with: ï§ International Accounting Standards 19 and 26 ï§ Pension liability calculations ï§ Actuarial practice in similar pension schemes ï§ UN pension fund â 40 years ï§ Reference period for the interest rate and salary growth is increased from 12 to 30 years ï§ Gradual transition over eight years ï§ Every year two additional years will be added to the reference period ï§ Aim ï§ Limited upward and downward fluctuations in the pension contribution rate ï§ Compliance with standard actuarial practices 15
