Timeline

Timeline of the main pension insurance laws and events

06.05.1911 Creation of pension insurance for manual workers by the “Etablissment d’assurance contre la vieillesse et l’invalidité” - EAVI
17.12.1925 Incorporation of the various branches of social security in the form of the Social Insurance Code
29.01.1931 Creation of the “Caisse de pension des employés privés” – CPEP
10.04.1951 Adjustment of private-sector workers' and employees' pensions to the price index
21.05.1951 Creation of the “Caisse de pension des artisans
03.09.1956 Creation of the “Caisse de pension dans le régime agricole” - CPA
22.01.1960 Creation of a “Caisse de pension pour les commerçants et industriels
16.12.1963 Aggregation of periods between different pension schemes
13.05.1964 Introduction of the principle of pension adjustment in the salaried employees' scheme
25.10.1968 Relaxation of the conditions for granting invalidity and survival pensions and improvement of benefits in the event of invalidity or premature death by introducing special increases.
28.07.1969 Creation of the possibility of retroactive purchase of insurance periods
27.12.1975 Introduction of a system of compensation between contributory pension schemes
23.12.1976 Merger of the “Caisse de pension des artisans” and the “Caisse de pension des commerçants et industriels” into a single fund – CPACI
23.05.1984 Complete overhaul of funding arrangements by introducing a generalised pooling of risk, achieved by transfers of compensation between the four funds
27.07.1987 Creation of a single contributory pension insurance scheme by merging the four contributory pension schemes, while maintaining the autonomy of the funds Introduction of the "baby years" concept
24.04.1991 Structural increase in fixed and proportional increases; introduction of the right to an early old-age pension at age 57
28.06.2002 The "Rentendësch" conclusions mainly led to an improvement in fixed and proportional increases, the introduction of an end-of-year allowance, the extension of the baby years and the introduction of an education lump sum
06.05.2004 Creation of the Compensation Fund (FDC) to which the management of the compensation reserve has been entrusted through one or more collective investment undertakings
13.05.2008 Introduction of the single status with the replacement of the four pension funds of the general pension scheme EAVI, CPEP, CPACI and CPA by the CNAP
21.12.2012 The reform of pension insurance, which came into effect on 01.01.2013, mainly changed the rules for calculating pensions, combining an early old-age or invalidity pension with income and the dynamic adjustment of pensions.

 

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