text: oraretirement, earlyretirement ordeferred retirement benefit, asthecasemay be,basedonthelengthoftheadditional contributory service. 98.Intheinterest oftheequality oftreatment ofallparticipants, theBoard recommends thattheoptionoftakingaseconddeferred retirement benefit be extended alsotopa~ticipants whoareunderage55atthetimeofthesecond separation. 20/WhilethisoptionwouldbemorecostlytotheFundthanthe withdr.awal settlement, aparticip~nt whoavailshimself ofthisoptionforfeits the righttorestore hissecondperiodofparticipation ifheagainbecomes a participantJ theextracostwouldthusbelessthanwouldhavebeenthecase otherwise. Theconsulting actuary informed theBoardthatreliable estimates of theactuarial coststotheFundcouldnotbeprovided astherewasnoinformation ontheextenttowhichtheoptionmightbeutilized. 99.Adoption oftheBoard's recommendation wouldentailthedeletion ofthephrase "Ifheisatleastage55atsuchseparation, and"fromarticle 40(£)(ii)ofthe Regulations. E.Admission oftheUnitedNations Industrial Development Organization tomembership intheUnitedNations Joint StaffPension Fund 100.Paragraphs (~)and(£)ofarticle 3oftheRegulations oftheFundprovide that: "(~)Membership intheFundshallbeopentothespecialized agencies referred toinarticle 57,paragraph 2,oftheCharter oftheUnitedNations andtoanyotherinternational, intergovernmental organization which participates inthecommonsystemofsalaries, allowances andotherconditions ofservice oftheUnitedNations andthespecialized agencies. -27-,I.".,...'1 I~ ~101 tra age In and ~r and tot appl 102. Unit Ass the forc 103. arti seau (inc gove bea 104. same thus(£)Admission tomembership intheFundshallDebydecision ofthe General Assembly, upontheaffirmative recommendation oftheBoard,after acceptance bytheorganization concerned oftheseRegulations andagreement reached withtheBoardastotheconditions whichshallgovernitsadmission." 101.On13December 1979theGeneral Assembly adopted resolution 34/96on transitional arrangements relating totheestablishment ofUNIDOasaspecialized agency, paragraphs 4and5ofwhichreadasfollows: "TheGeneral Assembly "4.Urgesthatallmembers ofthestaffoftheUnitedNations assigned totheexisting UnitedNations Industrial Development Organization shouldbe offered appointments bythenewagencythatpreserve theiracquired rightsand contractual status~ "5.Requests theUnitedNations JointStaffPension Boardtoarrange for theadmission ofthenewaqencytotheJointStaffPension Fund,inaccordance witharticle 3oftheRequlations oftheFund,onadatetobeagreedupon between theFundandthenewagency, soastoenablepersons appointed toits stafftoparticipate intheFundfromthedateoftheirappointment." Inparagraph 11ofthesameresolution theGeneral Assembly requested th~Economic andSocialCouncil "toarrange forthenegotiation withthenewagencyofan agreement toconstitute itasaspecialized agencyinaccordance withArticles 57 and63oftheCharter oftheUnitedNations, toenterintosuchagreement subject totheapproval oftheGeneral Assembly andtoarrange fortheprOVisional application ofthatagreement asappropriate". 102.UNIDOwasinitially established asanautonomous organization withinthe UnitedNations anditsstaffhavehadthestatusofstaffoftheUnitedNations. Assuch,theyhavebeenentitled toparticipation intheFundunderarticle 21of theRegulations. TheConstitution ofUNIDOasaspecialized agencyentered into forceon21June1985andtheexisting UNIDOwillterminate on31December 1985. 103.Thenormalprocedure foradmission tomembership inaccordance with article 3(£)oftheRegulations (seepara.100above)involves thefollowing sequence ofevents: 1.Application bytheorganization concerned formembership. intheFund (including acceptance bytheorganization oftheRegulations oftheFund)~ 2.Agreement between the"Board andtheorganization astotheconditions governing admission~ 3.Recommendation bytheBoardtotheGeneral Assembly thattheorganization beadmitted tomembership~ 4.Decision oftheGeneral Assembly. 104.Thefirstsession oftheConference ofUNIDOwasheldinAugust 1985atthe sametimeasthe1985session ofthePension Board. Thetimingofthetwosessions thusmadeitimpossible forUNIDOtotakethefirststeprequired tosecurethe -28-admiss regula bythe would transf 105.I paragr theGe from1 date, acting requir 106.T thePe theBo 107.T contri contri curren thein provid simila 108.S volunt year. medica
analysis: This text appears to be related to the administration and management of a pension fund, specifically the United Nations Joint Staff Pension Fund. It discusses various topics such as the extension of a deferred retirement benefit option, admission of the United Nations Industrial Development Organization (UNIDO) to the pension fund, and the procedures for admission. These topics suggest a connection to employment and workforce management, particularly in an international context.