See II.2.4).

The municipality and Ocmw are required to set up reserves themselves for the statutory pensions of their mandate holders. In addition, the municipality and the OCMW must themselves pay the statutory pensions of formerly appointed staff who have not been affiliated with the Solidarized Pension Fund of the local authorities (GPF).

The municipality and the Ocmw foresee a significant increase in the pension costs of its mandataries and a extinguishing pension burden for its formerly appointed staff not affiliated with the GPF.

In order to cope with future increases in pension costs, the municipality and the OCMW wish to form a financial buffer through the creation of a reserve in an insurance contract that yields a stable and uniform global return (type of traditional management - branch 21).

The municipality / Ocmw provides an annual contribution from 2020 depending on the annually updated outlook. The municipality and Ocmw wish to finance 100% of the pension obligations over 30 years for the non-consolidated pensions of the permanent employees and 75% of the pension obligations for the pensions of the mandatories.

As a result of the integrated operation of the municipality and CPAS provided for in the Decree on Local Government, from 2020 there will no longer be any wages paid to a representative from the OCMW. The OCMW pension fund will therefore be extinguished. Any reserves must be transferred free of charge to the municipality's insurance contract.

The boards will be able to have new actuarial studies drawn up by the contractor each year with new financing plans that include the updated situation, taking into account the changed parameters specified by the boards.

The boards will be able to adjust the degree of coverage during the course of the contract.

The premiums paid will be invested sustainably and ethically. Important criteria in this regard are attention for people and the environment, and more particularly respect for human rights, attention for avoiding investments in the arms industry and attention for environmental issues.