United Nations pension system : resolution / adopted by the General Assembly

Approves, in principle, the changes in the benefit provisions of the Regulations of the Fund, as set out in annex XIV to the report of the Board, that would eliminate the limitation on the right to restoration for existing and future participants, with implementation to begin at such time as the actuarial valuation of the Fund shows a clear upward pattern of surpluses; approves, in principle, the changes in the pension adjustment system, as set out in annex XIII to the report of the Board, with implementation to begin when the actuarial valuation of the UN Joint Staff Pension Fund shows a clear upward pattern of surpluses; approves the increase in resources under administrative costs for the biennium 2002-2003, from US$29,943,800- $30,006,300, for the recalculation of benefits due to a judgement of the International Labour Organization Tribunal and a retroactive change in local salary scales; approves, with effect from 1 Apr. 2003, amendments to articles 28 (g), 30 (c) and 34 (f), of the Regulations of the Fund, as set out in the annex to the present resolution, to increase the ceilings applicable in the commutation of the minimum benefit; also approves, with effect from 1 Apr. 2003, the addition of a new paragraph to article 21 of the Regulations of the Fund, as set out in the annex to the present resolution, stating that a participant is deemed to have separated when he or she is on leave without pay for an extended period of time without concurrent contributions having been paid to the Fund; decides to revert to the issue of possible improvements in pension benefits at the 59th session of the General Assembly.

Adopted without vote, 78th plenary meeting

7 p.

"Annex: Amendments to the Regulations of the United Nations Joint Staff Pension Fund": p. 7.