CERN reappoints Buck as scheme actuary
Written by Jack Gray
European Organization for Nuclear Research (CERN) Pension Fund has reappointed Buck as its scheme actuary for another four years.
Buck was initially appointed to provide actuarial consulting services to the CHF 4.3bn (€3.9bn) Swiss pension scheme in 2013.
The pension scheme provides pension and social security benefits for staff based at the CERN.
Commenting on the announcement, CERN Pension Fund CEO, Matthew Eyton-Jones, said that he was “pleased to reappoint Buck as actuary to the fund for a further four-year term”.
“The clarity of advice and practical solutions to complex problems has helped deliver valuable insight regarding the financing of the fund and also aid decision making to achieve better outcomes for all concerned,” he added.
Buck will provide the service from their office in London, UK, although its main headquarters are in New York, USA.
Buck UK commercial director and actuary to the CERN Pension Fund, Marcus Hurd, said that the firm was “delighted” to be reappointed as the scheme’s actuary.
He continued: “The CERN Pension Fund is a major European pension fund and one with which we are proud to have such a strong ongoing relationship.
“It has been a privilege to work with such talented industry professionals to develop the robust funding arrangement that is in place.”