As explained above, CPIC’s principal particularity resides in the fact that it is dedicated solely to meeting the needs of conference interpreters. The following examples show how that translates into facts.
M., aged 60, Paris
M. is a freelance interpreter, who decided to join CPIC on the very day of his first contract.
By working regularly and making frequent personal payments too, M. watched her capital grow from CHF 1’390.– when she became a member in January 1990 to EUR 177’700.– in December 2009 and finally to EUR 363’6000.– in December 207. Expressing this in euros for the whole of M.’s membership period, M. benefited from an added value to his capital of EUR 142’600.–.
L., aged 40, Brussels
L. is a freelance interpreter, who decided to join CPIC on the very day of his first contract.
By working regularly and making frequent personal payments too, L. watched his capital grow from CHF 12’100.– when he became a member in December 2003 to EUR 102’500.– in December 2009 and finally to EUR 295’200.– in December 2017. Expressing this in euros for the whole of L.’s membership period, L. benefited from an added value to his capital of EUR 77’100.–.
As a guide, the annual average amount of contributions (employer’s and employee’s as well as personal payments) observed from 2014 to 2018 is around EUR 8’000.-.
The various stages in the evolution of M’s and L’s capital are marked by changes in CPIC’s currency baseline. For a long time, the reference currency was the Swiss franc, a stable currency with evident ties with the Fund’s statutory seat. This was changed on 1 January 2009 to the euro in consideration of the fact that the vast majority of CPIC beneficiaries live in the euro zone.
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