Report of the United Nations Joint Staff Pension Board

A/RES/40/245No PDF available

Who created this mandate?

A Resolution of the General Assembly, under agenda item 125United Nations pension system, published in 1986.

What else is in this group?

25 documents · 1965–1986

1986A/RES/40/245Report of the United Nations Joint Staff Pension BoardCompare with earlier document
1985A/RES/39/246Report of the United Nations Joint Staff Pension BoardCompare with earlier document
1984A/RES/38/233Report of the United Nations Joint Staff Pension BoardCompare with earlier document
1983A/RES/37/131Report of the United Nations Joint Staff Pension BoardCompare with earlier document
1982A/RES/36/118[C]Report of the United Nations Joint Staff Pension BoardCompare with earlier document

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What subjects does this mandate have?

5 topics

Budget Contributions Financial Regulations Pensionable Remuneration Pensions Professional Staff

What does this mandate say?

14 operative paragraphs

Requests the International Civil Service Commission, in co-operation with the United Nations Joint Staff Pension Board, to:

Carry out a comparative study of the levels of pension benefits and the ratios of pensions to salaries under the United Nations pension scheme and that of the comparator country;

Complete its review of the methodology for the determination of pensionable remuneration for the Professional and higher categories, for monitoring the level of pensionable remuneration and for adjustment of pension-

VIII. able remuneration in between comprehensive reviews,

taking into account the margin range established for net remuneration, the views expressed at the current session,36 including those concerning the evolution of the levels of pensionable remuneration and pensions in recent years and the different characteristics of the two services, and to submit its recommendations to the General Assembly at its forty-first session;

Defers until its forty-first session further consideration of the recommendation of the United Nations Joint Staff Pension Board regarding amendment of article 54 (b) of the Regulations of the United Nations Joint Staff Pension Fund contained in the Board's report for 198437 and in the meantime extends the suspension of the operation of the adjustment procedure in the said article;

II

AMENDMENTS TO THE REGULATIONS OF THE UNITED NATIONS JOINT STAFF PENSION FUND AND REVIEW OF THE PENSION ADJUSTMENT SYSTEM I.

Decides that the maximum retirement benefit payable to a participant at the Under-Secretary-General, Assistant Secretary-General or equivalent level separating on or after l April 1986 shall not exceed 60 per cent of the pensionable remuneration for his level applicable on the date of separation, provided, however, that the amount so calculated shall not be less than the maximum benefit payable at the standard annual rate to a participant at the D-2 level retiring on the same date and provided further that a participant who has accrued a higher benefit by 31 March 1986 by virtue of his participation up to that date shall retain his said higher benefit;

Decides that the benefit payable to a participant in the Professional or higher categories whose pensionable remuneration was lowered as at I January 1985 shall not be less than an amount calculated in accordance with supplementary article C of the Regulations of the United Nations Joint Staff Pension Fund, which appears in the annex to the present resolution;

Requests the United Nations Joint Staff Pension Board to study further the method of calculating the lumpsum commutation, bearing in mind the views expressed in the Fifth Committee, and to report thereon to the General Assembly at its forty-first session;

Requests the United Nations Joint Staff Pension Board, with a view to eliminating or reducing significantly inequalities of benefits payable to participants who have already separated or will separate in the near future, compared to benefits payable to those who will separate later on, to:

Take steps to implement, if possible with effect from I July 1986, such measures as are within its competence;

Recommend to the General Assembly at its fortyfirst session such additional measures as would require Assembly action;

Defers until its forty-first session further consideration of the question of the rate of contribution to the United Nations Joint Staff Pension Fund, and requests the United Nations Joint Staff Pension Board to submit to the General Assembly at that session its recommendations on additional economy measures, with a view to eliminating the need for any future increase in the liabilities of Member States;

Requests the United Nations Joint Staff Pension Board to review the pension adjustment system and, in particular, to consider lowering the extent by which the local currency equivalent of the United States dollar track could exceed the local track, and to report thereon to the General Assembly at its forty-first session;

Amends, with effect from l January 1986, the Regulations of the United Nations Joint Staff Pension Fund, as set forth in the annex to the present resolution, incorporating any consequential changes in the cross-references in the Regulations, without retroactive effect, except that supplementary article C of the said Regulations shall be applicable with effect from I January 1985, pursuant to General Assembly resolution 39/246, section 11, paragraph 3, and article 28 (d) shall be applicable with effect from I April 1986;

Requests the United Nations Joint Staff Pension Board to examine the question of the rate of contributions that should be payable in respect of the contributory service from I April 1986 of the participants affected by the decision in paragraph l of the present section, and to make specific recommendations to the General Assembly at its forty-first session for the amendment, if necessary, with effect from I April 1986, of article 25 of the Regulations of the United Nations Joint Staff Pension Fund;

III

COMPOSITION OF THE UNITED NATIONS JOINT STAFF PENSION BOARD Invites the competent organs of the member organizations of the United Nations Joint Staff Pension Fund to review the size and composition of the United Nations Joint Staff Pension Board, taking into account, where practicable, the views expressed at the current session, 38 and to submit their conclusions to the General Assembly, through the United Nations Joint Staff Pension Board, in time to enable the Assembly to take a decision on the matter no later than at its forty-second session;

IV

ADMISSION OF THE UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION TO MEMBERSHIP IN THE UNITED NATIONS JOINT STAFF PENSION RJND

Recalling its resolution 34/96 of 13 December 1979 on transitional arrangements relating to the establishment of the United Nations Industrial Development Organization as a specialized agency,

Decides that the United Nations Industrial Development Organization shall be admitted to membership in the Fund with effect from 1 January 1986, in accordance with article 3 (c) of the Regulations of the Fund;

V

EMERGENCY FUND Authorizes the United Nations Joint Staff Pension BoarJ to supplement the voluntary contributions to the Emergency Fund, for a further period of one year, by an amount not exceeding $100,000;

VI

ADMINISTRATIVE EXPENSES Approves expenses, chargeable directly to the United Nations Joint Staff Pension Fund, totalling $16,995,700

net

for the biennium 1986-1987 and additional expenses of $173,300 (net) for 1985 for the administration of the Fund.

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What does this mandate say?

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