A/RES/63/252
accountability of the members of the Investments Committee, the Committee of
Actuaries and the Audit Committee;
11. Decides, upon the affirmative recommendation of the Board, that the
Special Tribunal for Lebanon shall be admitted as a new member organization of the
Fund, effective 1 January 2009;
12. Emphasizes that the United Nations and other member organizations of
the Fund should ensure the timely and accurate processing of documentation,
including, inter alia, a certification that all suitable arrangements are in place to
ensure that all debts to such organizations are paid in full, as required by the Fund
for the payment of benefits;
13. Takes note of the information provided by the Fund on the status of the
ongoing implementation of resolution 62/241 regarding the one-time, ex gratia,
exceptional payment to retirees residing in Ecuador;
IV
Investments of the United Nations Joint Staff Pension Fund
14. Takes note of the report of the Secretary-General on the investments of
the United Nations Joint Staff Pension Fund and steps and efforts undertaken to
increase diversification2 and the observations of the United Nations Joint Staff
Pension Board, as set out in its report;1
15. Approves the inclusion of contractual settlement provisions in the
agreement with the Global Custodian of the Fund, under the strict terms and
conditions and for the purposes recommended by the Representative of the
Secretary-General and the Board, and upon legal terms and conditions in such
agreement that maximize the protection of the legal interests of the Fund;
16. Welcomes the continued effort of the Secretary-General, as fiduciary for
the investment of the assets of the Fund, to diversify its investments between
developed markets and emerging markets, and requests the Secretary-General to
ensure that, under the current volatile market conditions, decisions concerning the
investments of the Fund in any country should be implemented very cautiously,
fully taking into account the four main criteria for investment, namely, safety,
profitability, liquidity and convertibility.
74th plenary meeting
24 December 2008
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