The Pension Fund indicates that it is looking for a comparable pension fund and will review the practices of other pension funds.

United Nations Joint Staff Pension Fund

A mandatory funded pension is a periodic benefit which is guaranteed pursuant to law, for the receipt of which units of a mandatory pension fund are acquired according to the Funded Pensions Act and the Social Tax Act and which is paid from the pension fund or by an insurer.

Changes to the pension adjustment system of the United Nations Joint Staff Pension Fund

Changes in the pension adjustment system of the United Nations Joint Staff Pension Fund

UNJSPF United Nations Joint Staff Pension Fund

The Committee welcomes the establishment of a new social security system based on contributions from employers and employees and of a new pension system in which employers and employees contribute to a communal pension fund and to individual pension accounts.

(ii) The United Nations Joint Staff Pension Fund

Investments of the United Nations Joint Staff Pension Fund

The Pension Fund is a funded defined benefit plan.

(v) United Nations Joint Staff Pension Fund Standing Committee

United Nations Joint Staff Pension Fund statistics, 1995 2004

The Pension Fund is a funded defined benefit plan.

Administrative arrangements of the United Nations Joint Staff Pension Fund

Administrative expenses of the United Nations Joint Staff Pension Fund

Administrative expenses of the United Nations Joint Staff Pension Fund

To exercise rights and identified requirements and interest to pension and disability insurance, the pension disability insurance fund was established.

Diversification of investments of the United Nations Joint Staff Pension Fund

Administrative expenses of the United Nations Joint Staff Pension Fund (continued)

Longer term administrative arrangements of the United Nations Joint Staff Pension Fund

Amendments to the Regulations of the United Nations Joint Staff Pension Fund

Amendments to the Regulations of the United Nations Joint Staff Pension Fund

62 241. Questions related to the United Nations Joint Staff Pension Fund

Administrative arrangements and revised budget of the United Nations Joint Staff Pension Fund

United Nations Joint Staff Pension Fund organization chart for the biennium 2004 2005

The Office of Internal Oversight Services has recruited a new chief of section who has experience in financial services and pension fund issues, and is in the process of recruiting a pension fund audit specialist.

A supplementary funded pension is a benefit for the receipt of which units of a voluntary pension fund are acquired or an insurance contract for a supplementary funded pension is entered into.

United Nations Joint Staff Pension Board (including United Nations participation in the costs of the secretariat of the United Nations Joint Staff Pension Fund)

Administrative arrangements and longer term objectives of the United Nations Joint Staff Pension Fund

Figure 1 United Nations Joint Staff Pension Fund growth in active participants, 1994 2004

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

United Nations Joint Staff Pension Fund proposed organization chart for the biennium 2006 2007

The Director General shall not participate in the United Nations Joint Staff Pension Fund. Instead, he she shall have an amount equal to 15.8 per cent of pensionable remuneration, corresponding to the Organization's contribution to the Pension Fund, paid as a supplement to his her remuneration, in lieu of participation in the Pension Fund, in accordance with General Assembly resolution 47 203.

Other publications recently issued by the Bank include Pensions in the Middle East and North Africa time for change (2005) Pension reform in Europe process and progress (2003) Public pension fund management governance, accountability, and investment policies (2003) and Keeping the promise of social security in Latin America (2003).

Another factor impeding QE s impact in the eurozone is low bond yields, which, by increasing measured pension fund deficits, make some companies reluctant to invest and thus more likely to raise contribution rates and limit pension benefits. In the US, more generous assumptions regarding discount rates are used to calculate pension fund liabilities.

Figure 2 United Nations Joint Staff Pension Fund growth in periodic benefits in payment, 1994 2004

This makes men and women eligible for General Provident (G.P.) Fund, Gratuity and other pension benefits.

The United Nations reiterated its support for continuation of the cost sharing arrangements made with the Pension Fund, in consideration of the pension administrative services provided by the Fund's secretariat as the Staff Pension Committee of the United Nations.

Having considered the results of the valuation of the United Nations Joint Staff Pension Fund as at 31 December 2001 and the observations thereon by the Consulting Actuary of the Fund, the Committee of Actuaries and the United Nations Joint Staff Pension Board,

Financial statements of the United Nations Joint Staff Pension Fund and report of the Board of Auditors

Financial statements of the United Nations Joint Staff Pension Fund and report of the Board of Auditors

b. Parliamentary documentation miscellaneous papers on common United Nations system positions related to the Pension Fund (2)

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

United Nations Joint Staff Pension Fund number of participants by member organization, as at 31 December 2004

The awareness of plan sponsors of the importance of pension fund management has driven the investment methodology and technology applied in pension funds, which has become more and more sophisticated.