You never experience time dilation - your clock always ticks at one second per second, you always live your three score years and ten, and that's it. However, you might see someone else's clocks slowed down as a result of high velocity. But it's not just their clocks that slow down - it's all physical processes, including the fast moving person's brain processes, so you shouldn't be surprised that she sees nothing odd about her clocks.
I don't think your question is clear. Do you mean what happens to people traveling along with the muons, or to people working at CERN?
People traveling along with the muons will see the muons decaying with their normal half-life. They will also see the clocks on the wall at CERN ticking once every 29s. The people working at CERN will see the wall clocks ticking once per second, but the muons will decay with a half-life 29 times longer than stationary muons, and the watches of the people traveling along with the muons tick once every 29s.
These two points of view are not contradictory. We have only mentioned one part of the story, time dilation. There are two other effects, length contraction and the relativity of simultaneity, that work with time dilation to make a consistent picture. I advise looking up the Lorentz transforms if you are interested.