Actuarial matters

Actuarial situation

The result of the actuarial valuation as at 31 December 2003 was an actuarial surplus of 1.14 per cent of pensionable remuneration.

Article 119 Insurance companies engaging in insurance of persons must appoint and employ actuarial professionals recognized by the financial supervision and regulation department and establish an actuarial reporting system.

Figure 4 United Nations Joint Staff Pension Fund evolution of actuarial situation since 1990

The actuarial report will show required contributions and imbalances, an analysis of gains and losses, calculations of the actuarial value of accrued benefits, hypothetical projection results over 30 years and the results of monitoring of the two track system.

The United Nations Joint Staff Pension Board approved their statement on the actuarial position of the Fund.

This function registers a completion function.

Form is function. Form is function.

The Board of Auditors has repeatedly reported this issue, with no result so far other than an improved actuarial computation.

His delegation was pleased that the Fund's value had increased substantially and that actuarial valuations had shown surpluses since 1997.

UNODC has now received information on the actuarial valuation, which shows that the potential liability will substantially exceed available reserves.

Call a user defined function given by the function parameter.

Function

Function

3. Notes that the Board approved the recommendation of the Working Group to eliminate the 1.5 percentage point reduction in the first consumer price index adjustment due to existing and future beneficiaries, subject to an actuarial surplus being revealed in the actuarial valuation to be performed as at 31 December 2003

(a) Preparation of an actuarial valuation to be performed in 2006, on the basis of data as at 31 December 2005, including production of the formal report and preparation of various papers for the Committee of Actuaries and United Nations Joint Staff Pension Board pertaining to the regular actuarial valuation work.

Once accepted, the study would be conducted by a specialized consulting firm and carried out concurrently with the next actuarial valuation.

The actuarial valuation of the post retirement health insurance benefits of UNDP and the United Nations Secretariat is carried out jointly.

Function arguments

Function arguments

Function Reference

Function Plotter

Monitoring function

Present function

It is what makes you function it is what makes every organism function.

Registers the function named by function to be executed when script processing is complete.

Variable function example

Variable function arguments

Form follows function?

Internal audit function

Current position function

Current position function

Early warning function

Mandate and function

This function will sort the keys of an array using a user supplied comparison function.

This function will sort an array by its values using a user supplied comparison function.

The behaviour of this function, the name of this function, and anything else documented about this function may change without notice in a future release of PHP.

The behaviour of this function, the name of this function, and anything else documented about this function may change without notice in a future release of PHP.

The behaviour of this function, the name of this function, and anything else documented about this function may change without notice in a future release of PHP.

The behaviour of this function, the name of this function, and anything else documented about this function may change without notice in a future release of PHP.

The behaviour of this function, the name of this function, and anything else documented about this function may change without notice in a future release of PHP.

The behaviour of this function, the name of this function, and anything else documented about this function may change without notice in a future release of PHP.

The behaviour of this function, the name of this function, and anything else documented about this function may change without notice in a future release of PHP.

The behaviour of this function, the name of this function, and anything else documented about this function may change without notice in a future release of PHP.