A/RES/65/249
pensionable remuneration as at 31 December 2009, which was the Fund’s first
deficit in seven consecutive actuarial valuations;
4.
Endorses the recommendation
Administrative and Budgetary Questions;4
of
the
Advisory
Committee
on
Administrative arrangements, revised budget and longer-term objectives
of the United Nations Joint Staff Pension Fund
5.
Takes note of the information set out in paragraphs 130 to 140 of the
report of the United Nations Joint Staff Pension Board on the revised budget
estimates for the biennium 2010–2011;
Approves the recommendation of the United Nations Joint Staff Pension
6.
Board that the total appropriation of 176,318,500 United States dollars remain
unchanged and that the requirements of the Fund be met through redeployment, with
revised administrative costs, investment costs, audit costs and Board expenses as set
out in annex XIX to the report of the Board;
Investments of the United Nations Joint Staff Pension Fund
7.
Takes note of the report of the Secretary-General on the investments of
the United Nations Joint Staff Pension Fund and measures undertaken to increase
diversification2 and the observations of the United Nations Joint Staff Pension
Board, as set out in its report;
8.
Recalls its resolution 33/121 B of 19 December 1978;
9.
Requests the Secretary-General, as fiduciary for the investment of the
assets of the Fund, to continue to diversify its investments between developed,
developing and emerging markets, wherever this serves the interests of the
participants and the beneficiaries of the Fund, and also requests the SecretaryGeneral to ensure that decisions concerning the investments of the Fund in any
country are implemented prudently, taking fully into account the four main criteria
for investment, namely, safety, profitability, liquidity and convertibility, under the
current volatile market conditions;
10. Supports the recommendations of the Board that more detailed disclosures
be provided in the future.
73rd plenary meeting
24 December 2010
2