text: equalto65percentoftheirfinalaverage remuneration asat31December 1984. Thosetheoretical maximawereasfollows:Leve USG ASG 48.The Under-Sec theirage Under-Sec service w service h applicabl unreducell Fundwith levelof havealre benefit p affectpa Secretary theones breakdown therank eauivalen47.Wher service t maybe), Assistant (or$60,0 service rImposition ofaceiling onthehighest levelsofpensions, and ontheamountthatmaybepaidtoap!rticipant bywayof lump-sum commutation ofpartofhisperiodic benefit2.:;, ~ ~I 'J ;1 " J'i44.TheBoardrecalled thatinitsreporttotheGeneral Assembly atits ~thirty-ninth sessionithadpointed outthattheintroduction ofthelowerlevels1ofpensionable remuneration forseniorofficials effective IJanuary 1985would automatically entailareduction intheirpension benefits. "Capping" thelevelof"jIthosebenefits belowtheamounts resulting fromtheapplication oftheRegulations "oftheFundwouldbearbitrary. Furthermore, giventhesmall-numberofofficials involved, andthefactthatthemajority ofthemservedforrelatively brief 1periodsoftime,theimposition ofaceiling onthehighest levelsofpension would I ~havenoimpactontheactuarial situation oftheFund.!I t45.Inthefurther reviewofthequestion bytheBoard,itwasnotedthatunder ,~national civilservice pension schemes, pensions wereearnings related andthat1therewasthusarelationship between anofficial's standard oflivingbeforeand ~afterretirement. Inthevarious pension schemes, including thatoftheUnited :,lNations, apension benefit wasdetermined onthebasisofpensionable remuneration, ~rateofaccumulation, andyearsofcontributory service. Since1January 1985, .t;;officials atthelevelofUnder-Secretary-General, Assistant Secretary-General and theirequivalents -aloneamongUnitedNationsstaff-hadapensionable remuneration thatwaslessthantheirgrossbasesalaries ($115,700 asagainst $121,046 foranUnder-Secretary-General, and$103,900 asagainst $107,089 foran Assistant Secretary-General), inotherwords,aportion oftheirgrossbasesalary wasalready non-pensionable. Theimposition ofaceiling onthemaximum amountof benefit wouldfurtherdistort therelationship between incomebeforeandafter retirement. Themaximum annualbasicpensions payable undertheRegulations toofficials whose finalaverage remuneration equalled thepensionable remuneration asat 1January 1985wouldbeasfollows: 21 -14-50. Boar leve the alrea imba 51. Asse impos stron were respo parag apar level expre artic whow Secre accum prese inthl Thatl paragl26.0years 28.9yearsPensionable remuneration asat1January 1985 24.5years 27.6yearsNumberofyearsofcontributory service Finalaverage remuneration asat31December 1984 USG ASGLevel, -15-Numberofyears'contributory service Lessthan66-lessthan11ll-less than16l6-less than21 USG 16 11 10 3 ASG 47 .ll .!Q -! Total~32~ ~ Numberofyears'contributory service 53. lump- IIBIIIIII'~11l!l2.30andover Fund Regul USG 11002 0 0 0 0 2provi ofto ASG 1 0 1 0 32! 2 1 .!Q valua Total 2!10~2:!21 12 perio-48.Theeffectoftheimposition ofsuchaceiling onofficials atthe Under-Secretary-General andAssistant Secretary-General levelswoulddependon theirageandlengthofservice. Forexample, anofficial atthe Under-Secretary-Gen~ral levelwhowasaged55andhad15yearsofcontributory service wouldnotbeaffected atall.Butif,atageSS,hehad24yearsof service hewouldbeonly6monthsawayfromthemomentwhentheceiling became applicable tohim;thereafter anduntilhereached age60andbecameentitled toan unreduce~ pension, hewouldhave4.5yearsinwhichhewouldbecontributing tothe Fundwithout anyincrease inhisbenefit. Furthermore, severalofficials atthe levelofUnder-Secretary-General, Assistant Secretary-General ortheirequivalent havealready accrued entitlements inexcessofaceiling equaltothemaximum benefit payable toa0-2,topstep,participant. Ingeneral, theceiling wouldnot
analysis: The text appears to be discussing a specific pension scheme for high-ranking officials of the United Nations, focusing on the calculation of pension benefits and the potential impact of introducing a ceiling on the maximum amount of benefit payable. The text mentions specific figures and formulas, indicating a technical or administrative nature. The context suggests a concern for the financial sustainability of the pension fund and the fairness of the pension system.