United Nations Pension System

A/RES/42/222No PDF available

Who created this mandate?

A Resolution of the General Assembly, under agenda item 124United Nations pension system, published in 1988.

What other versions does this mandate have?

24 versions · 1987–2024

This is an older version — the most recent is A/RES/79/253

2024A/RES/79/253United Nations pension systemLatestCompare with previous version
2023A/RES/77/258United Nations pension systemCompare with previous version
2021A/RES/75/246United Nations pension systemCompare with previous version
2019A/RES/73/274United Nations pension systemCompare with previous version
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Versions are identified automatically by matching titles within the same organ (~97% accuracy on a manual audit).

What subjects does this mandate have?

10 topics

Administration Budget Budget Contributions Investments Members Pension Contributions Pension Funds Pensionable Remuneration Recommendations Rules and Regulations

What does this mandate say?

10 operative paragraphs

Takes note of the recommendation of the United Nations Joint Staff Pension Board contained in paragraph 28 of its report68 to increase the rate of contribution, and decides that the increase in the rate of contribution from

7 5 to 22. 50 per cent of pensionable remuneration shall be implemented in two stages: on 1 July 1988 from 21. 75 to 22.20 per cent of pensionable remuneration, of which the employing member organization shall pay 14.8 per cent and the participant 7.4 per cent, and on 1 July 1989 from 22.20 to 22.50 per cent ofpensionable remuneration, of which the employing member organization shall pay 15 per cent and the participant 7.5 per cent;

Requests the United Nations Joint Staff Pension Board:

To continue studying ali possible measures to restore over the long term the actuaria! balance of the Fund,

bearing in mind the desirability of avoiding further increases in the rate of contribution and of reviewing the rate of contribution should there be an actuaria! surplus in the future;

To submit an interim report to the General Assembly at its forty-third session and, in any event, to complete its study for presentation to the Assembly at its fortyfourth session, together with the results of the twentieth actuaria! valuation of the Fund as at 31 December 1988;

Approves, with effect from 1 January 1989, the changes in the size and composition of the United Nations Joint Staff' Pension Board and of the United Nations Staff' Pension Committee, as indicated in paragraphs 87 and 91 of the report of the Board;68 4.

Requests the United Nations Joint Staff' Pension Board, taking into account the views expressed in the Fifth Committee, to keep under review the composition of the Board and the proportionate representatton of the General Assembly and of the governing bodies of the other member organizations in the Board, and to report thereon to the Assembly at its forty-sixth session;

68 /bid., Supplement No. 9 (A/42/9 and Corr. l ).

69 A/42/682.

Amends, with effect from 1 January 1989, articles 5 and 6 of the Regulations of the United Nations Joint Staff Pension Fund as set forth in the annex to the present resolution;

Amends, with effect from 1 July 1988, article 25 of the Regulations of the United Nations Joint Staff Pension Fund as set forth in the annex to the present resolution;

CHANGES IN THE PENSION ADJUSTMENT SYSTEM 1.

Takes note of section 111.D of the report of the United Nations Joint Staff Pension Board68 with respect to the review of the two-track pension adjustment system, of the intention of the Board to continue to monitor the operation of the system, and of the related views of the Advisory Committee on Administrative and Budfetary Questions contained in paragraph 22 of its report; 9 2.

Takes note of section III.E of the report of the United Nations Joint Staff Pension Board on inequalities of benefits caused by different dates of separation and of the related views of the Advisory Committee on Administra ti ve and Budgetary Questions contained in paragraph 9 ofits report, and approves, asan interim emergency measure, with effect from 1 January 1988, and without retroactive eff'ect, the changes in the pension adjustment system 70 as set out in annex XI to the report of the Board, while emphasizing that this measure would apply from 1 January 1988 to 31 December 1990 and would not constitute an acquired right;

III

EMERGENCY fUND Authorizes the United Nations Joint Staff Pension Board to supplement the voluntary contributions to the Emergency Fund, for the biennium 1988-1989, by an amount not exceeding $200,000;

IV.ADMINISTRA TIVE EXPENSES

Noting the decision of the United Nations Joint Staff Pension Board to hold its next regular session in 1989;

Approves expenses, chargeable directly to the United Nations Joint Staff Pension Fund, totalling $22,877,400

net

for the biennium 1988-1989 and additional expenses of $472,900 (net) for the biennium 1986-1987, for the administration of the Fund;

V

INVESTMENTS OF THE UNITED NATIONS JOINT STAFF PENSION FUND Takes note ofthe report ofthe Secretary-General on the investments of the United Nations Joint Staff' Pension Fund.71

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Who created this mandate?

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What does this mandate say?

III

IV.ADMINISTRA TIVE EXPENSES

V

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