text: Schedule 2.Statement III. Table2.Schedule 4. Table1. Table3.Schedule 3.'I'able3.I. II. IV.Ill.l! v. VI. VII. VIII. IX. X.CONTENTS (continued) MEMBER ORGANIZATIONS OFTHEFUND••••••••••••••••••• e................. 60 MEMBERSHIP OFTHEBOARDANDATTENDANCE ATITSTHIRTY-FOURTH SESSION ••61 MEMBERSHIP OFTHESTANDING COMMITTEE ••••••••••••••••••••••••••••••••• 6S MEtttf'BRSHIP OFTHECOMMITTEE OFACTUARIES ••••••••••••••••••••••••••••• 66 RECOMMENDATIONS TOTHEGENERAL ASSEMBLY FORTHEAMENDMENT OFTHE REGULATIONS OFTHEUNITED NATIONS JOINTSTAFFPENSION FUND••••••••••• 67 DRAFTRESOLUTION 73 -v-I.INTRODUCTION 1.TheUnitedNationsJointStaffPension Fundwasestablished in1949,bya resolution oftheGeneral Assembly, toprovide retirement, death,disability and related benefita forstaffuponcessation oftheirservices withtheUnited Nations, under Regulat~ons thatsincethenhavebeenamendedatvarious times. 2.TheFundisadministered through theUnitedNationsJointStaffPension Board, consisting of21members, representing thememberorganizations thatarelistedin annexV.OnethirdoftheBoardmembers arechosenbytheGeneral Assembly andthe corresponding bodiesoftheothermemberorganizations, onethirdbytheexecutive headsandonethirdbyparticipan~s. TheBoardreports annually totheGeneral Assembly ontheoperations oftheFundandtheinvestment ofitsassetsand,when necessary, recommends toit·amendments totheRegulations thatgovern, interalia, theratesofcontribution bytheparticipants (currently 7.25percentoftheir pensionable remuneration) andbytheorganizations (currently 14.50percent),the conditions ofeligibility forparticipation andthevarious benefits towhichstaff andtheirdependants maybecomeentitled. Expenses incurred bytheBoardinthe administration oftheFund-principally thecostofitscentral secretariat atthe UnitedNations Headquarters inNewYorkandthemanagement expenses forits investments -are~etbytheFu~d.Asummaryoftheoperations oftheFundduring theyearended31December 1984iscontained insection·II below. 3.Thepresent reportissubmitted bytheBoardfollowing itsthirty-fourth session heldinJuly/August 1985attheheadquarters oftheInternational Civil Aviation Organization (ICAO), Montreal. Alistofthemembers andalternates accredited tothatsessioniscontained inannexVI.SectionIIIofthereport contains anaccount ofmatt~rs considered bytheBoard,including recommendations foractionbytheGene[al Assembly. 4.Inresponse toGeneral AssembbY resolution 39/246of18December 1984,the Boardreviewed themethodofcalculating thelump-sum commutation ofbenefits and thequestion oftheimpositiQn ofaceiling ontheamountsofsuchcommutations, theimPosition ofaceilinq onthehighest levelsofpensions, theoperation ofthe two-track pension adjustment systemandcompensatory andinterim measures for participants whosepensionable remuneration hadbeenlowered asat1January 1985 throug~ theadoption ofthescaleofpensionable.remuneration recommended bythe International CivilService Commission (ICSC). Alsoinresponse totheresolution oftheGeneral Assembly andinco-operation withICSCtheBoardre-examined the procedure fortheadjustment ofpensionable remuneration inbetween comprehensive reviews aswellasthemethodology forthedetermination ofsuchremuneration and formonitoring itslevel. TheBoard's r~commendations aregiveninsectionIIIof thepresent report. 5.TheBoardalsodevoted considerable attention tothemanagement ofthe investments oftheFundaswellastotheactuarial valuation oftheFundasat 31December 1984.Itdiscussed theeffectofre-entry intoparticipation andhas proposed an amendment toarticle 40(c)(ii)oftheRegUlations oftheFund. Among theothermatters considered bytheBoardwerethecomposition oftheno~rd (sect.IXofGeneral Assembly resolution 39/246) andtheadmission tomembership in theFundoftheUnitedNations Industrial Development Organization (UNlDO). -1-~ ~6.TheBoard,inaccordance witharticle 4oftheRegulations, appointed a ~Standing Committee toactonbehalfoftheBoardwhenitisnotinsession. Its ~.l1lembership isgiveninannexVII. ~ ~ .~7.Themembership oftheCommittee ofActuaries, established underarticle 9of '!theRegulations, isgiveninannexVIII. ".".8.T to53, 9.D to$3, 10.T compri sales of$3, invest
analysis: This text appears to be a report on the operations and activities of the United Nations Joint Staff Pension Fund. It discusses the fund's history, governance structure, and financial operations, as well as the board's recommendations for amendments to the fund's regulations. The text also touches on the fund's investments and actuarial valuation. Given the focus on the pension fund and its administration, it is likely that the category is related to employment or finance.