text: "TheCommission, nevertheless, decided tobringtotheattention oftheGeneral Assembly thattheadjustment mechanism should beexamined atthetimeofthenextcomprehensive reviewofpensionable remuneration amounts forstaffintheProfessional andhighercategories. Bythattimethedualadjustment -9-~!"Forthepresent, theCommission isoftheviewthatthecurrently used dualmechanism foradjusting pensionable remuneration amounts between comprehensive reviews shouldcontinue tobeusedwiththefollowing modifications:r tmechanism wouldhavebeenineffectforasufficiently longperiodoftimeto permit drawing someconclusions regarding itsoperation. 1Ca)Intheprocedure outlined inthisdocument inparagraphs 38to46a comparison ofgrosspension benefits tounitedNations officials ismadewith thecorresponding amounts ofnetremuneration atthebaseofthesystem, New York. Foradjusting thepostadjustment classification ofNewYork,CPIdata applicable tothatcityareused. Inviewofthis,foradjusting pensionable remuneration amounts forbenefit purposes theNewYorkCPIshould beused ratherthantheUnitedStates CPIwhichhasbeeninusesince1January 1981, Cb)Adjustments topensionable remuneration amounts should bemadeon 1Aprilofeachyearonthebasisofmovements ofWAPAandCPIasofthe preceding 1January. "Thebasedateof1January 1985should beusedforthedetermination of themovements ofWAPAandCPl.Thefirstadjustment totheamounts of pensionable remuneration proposed inannexVIshould bemadeon1April1986, provided anincrease inaccordance withtheadjustment procedure iscalledfor onthebasisofthemovement ofWAPAorCPIreadings takenon 1January 1986."2/ 34.ThePension Board,foritspart,hadconcurred withtherecommendations ofthe Commission concerning adjustments topensionable remuneration amounts between comprehensive reviews asoutlined aboveandrecommended acorresponding change in article 54Cb)ofthePension Fundregulations. TheGeneral Assembly, however, had decided tosuspend theoperation oftheadjustment mechanism. 35.Itmustbeborneinmindthatanychanges intheadjustment procedures currently inusewouldhaveserious actuarial implications forthePension Fund. Inthisregarditwillberecalled that,priortotherecommendation totheGeneral Assembly ofthecurrently usedWAPA/CPI mechanism, theCommission andthePension Boardhadconsidered allaspects oftheinterim adjustment mechanism andthe implications ofvarious elements oftheadjustment mechanism. 36.Aninterim adjustment mechanism forusebetween comprehensive reviews mustbe consistent withthemethodology usedtocalculate theamounts ofpensionable remuneration. TheCommission hadalready expressed theviewthatare-examination oftheinterim adjustment procedure, inconsultation withthePension Board, would bedesirable. However, theinterim adjustment mechanism withthemodifications as outlined inparagraph 33abovewasconsistent withthemethodology already recommended bytheCommission. WhiletheGeneral Assembly request callsfora reviewofthemethodology butnotforthedevelopment ofa,1ewapproach, as outlined inparagraphs 17to24above,itmaybecomeessential fortheCommission totakeafundamentally different approach todetermining theamounts of pensionable remuneration fortheProfessional andhighercategories. Therefore, onlyaftertheCommission, inconsultation withthePension Board, hadtakena further decision onthemethodology woulditbeinaposition toaddress theissue oftheinterim adjustment procedure, whichshould beconsistent withthe methodology toberecommended. -10-I Ilneto lsed 46a with New data ,able 98h on nof 986, dfor fthe in ,had j. neral ion :be :ion luld ;as .on ~, :sueI II37.Inthemeantime, however, theCommission wouldinformtheGeneral Assembly that: (a)Inresponse toarequest madebytheGeneral Assembly inresolutio~ 39/27 of30November 1984,theCommission atitstwenty-first session decided to recommend totheGeneral Assembly arangeof110to120forthenetremuneration margin, andconsidered thatthemid-point ofapproximately 115wouldconstitute a desirable levelaround whichthenetremuneration marginshould bemaintained over aperiodoftime; (b)TheCommission alsodecided torecommend aprocedure fortheoperation of
analysis: The text appears to be discussing the pension system for staff in the Professional and higher categories of the United Nations. The Commission is examining the adjustment mechanism for pensionable remuneration amounts and considering changes to the methodology used to calculate these amounts. The text mentions WAPA (World Agricultural Price Assessment) and CPI (Consumer Price Index) data, which suggests that the topic may be related to economic development or employment.