30.4.2014 Official Journal of the European Union L 129/5 REGULATION (EU) No 422/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 April 2014 adjusting with effect from 1 July 2011 the remuneration and pensions of officials and other servants of the European Union and the correction coefficients applied thereto THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European Union, Having regard to the Protocol on the Privileges and Immunities of the European Union, and in particular Article 12 thereof, Having regard to the Staff Regulations of Officials of the European Union (the Staff Regulations’)and the Conditions of Employment of Other Servants of the European Union (the Conditions of Employment of Other Servants’), laid down in Council Regulation (EEC, Euratom, ECSC) No 259/68 (!), and in particular Article 10 of Annex XI to the Staff Regulations, Having regard to the proposal from the European Commission, Having regard to the opinion of the Court of Justice (3, Having regard to the opinion of the Court of Auditors (%), Acting in accordance with the ordinary legislative procedure (%), Whereas: (1) Inits judgment in Case C-63/12, Commission v Council, the Court of Justice of the European Union (‘the Court of Justice’) clarified that the institutions are obliged to decide each year on the adjustment of remuneration, either by undertaking a ‘mathematical’ adjustment according to the method laid down in Article 3 of Annex XI to the Staff Regulations, or by setting aside that ‘mathematical’ calculation in accordance with Article 10 thereof. (2)  The purpose of Article 19 of Annex XIII to the Staff Regulations, as last amended by Regulation (EU, Euratom) No 10232013 of the European Parliament and of the Council (), is to enable the institutions to take the neces- sary measures to settle their disputes concerning the 2011 and 2012 adjustments of remuneration and pensions in compliance with a judgment of the Court of Justice, taking due account of the legitimate expectation of staff that the institutions are to decide each year on the adjustment of their remuneration and pensions. (3)  In order to comply with the judgment of the Court of Justice in Case C-63/12, where the Council establishes that there is a serious and sudden deterioration in the economic and social situation within the Union, the Commis- sion is to submit a proposal under the procedure laid down in Article 336 of the Treaty on the Functioning of the European Union (TFEU) in order to involve the European Parliament in the legislative process. On 4 November 2011, the Council stated that the financial and economic crisis taking place within the Union, and resulting in substantial fiscal adjustments in most Member States, constituted a serious and sudden deterioration of the economic and social situation within the Union. The Council thus requested the Commission, in accord- ance with Article 241 TFEU, to implement Article 10 of Annex XI to the Staff Regulations and to submit an appropriate remuneration adjustment proposal. () Regulation (EEC, Euratom, ECSC) No 259/68 of the Council of 29 February 1968 laying down the Staff Regulations of Officials and the Conditions of Employment of Other Servants of the European Communities and instituting special measures temporarily applicable to officials of the Commission (O] L 56, 4.3.1968, p. 1). (¥) Opinion of 4 March 2014 (not yet published in the Official Journal). (®) Opinion of 3 March 2014 (not yet published in the Official Journal). (*) Position of the European Parliament of 11 March 2014 (not yet published in the Official Journal) and decision of the Council of 14 April 2014. () Regulation (EU, Euratom) No 1023/2013 of the European Parliament and of the Council of 22 October 2013 amending the Staff Regula- tions of Officials of the European Union and the Conditions of Employment of Other Servants of the European Union (O] L 287, 29.10.2013, p. 15).