Artikel 121 Constitutie van de Postunie van de Staten van het Amerikaanse Werelddeel, Spanje en Portugal

Article 121 General Secretariat Staff Retirement and Pensions 1 Effective as of April 1, 1992 and thereafter, present and future PUASP General Secretariat personnel, elected or hired, resident or non-resident, shall not have the right to retire at Union expense. However, upon their separation from service, they or their successors or assigns shall be entitled to severance pay in an amount equal to the sum of all contributions made by the employee and the Union, plus compound interest at the real market rate earned by such funds locally. 2 The retirement benefits of General Secretariat staff recognized through March 31, 1992 and all corresponding present and future pension benefits payable under this heading shall continue to be paid until such time as they may lapse under a special annual budget program of the Union. In the event of inadequate program funding, these pensions shall be paid from the Working Capital Fund.