A/RES/61/240
2.
Notes that the Committee of Actuaries expressed the view that, based on
the continuation of the surplus, a portion of the surplus disclosed in 2005 could be
made available at the present time to improve benefits, but that prudence would
dictate that most of the surplus should be retained;
Recalls that the Assembly had already approved in 2002, in principle, the
3.
change in the benefit provisions of the Regulations of the Fund that would eliminate
the limitation on the right to restoration based on the length of prior service;
Approves the change in the benefit provisions of the Regulations of the
4.
Fund, as set out in annex XVII to the report of the Board, to eliminate the limitation
on the right to restoration for existing and future participants based on the length of
prior contributory service;
Takes note of the decision of the Board to amend the rules of procedure
5.
of the Fund to provide for the appointment of ad hoc members to the Committee of
Actuaries as well as to the Investments Committee;
Concurs, in accordance with article 13 of the Regulations of the Fund
6.
and with a view to securing continuity of pension rights, with the following:
(a) The revised Agreement on the transfer of pension rights of participants in
the United Nations Joint Staff Pension Fund and of participants in the World Bank
Group Staff Retirement Plan, as approved by the Board and set out in section A of
annex IX to the report of the Board,1 which will take effect from 1 January 2007;
(b) The new Agreement on the transfer of pension rights of participants in
the United Nations Joint Staff Pension Fund and of participants in the Coordinated
Organizations, as set out in section B of annex IX to the report of the Board,1 which
will take effect from 1 January 2007;
7.
Decides, upon the affirmative recommendation of the Board, that the
International Organization for Migration shall be admitted as a new member
organization of the Fund, effective 1 January 2007;
II
Pension adjustment system
Recalling its resolutions 57/286, section II, and 59/269, section II,
Having considered the reviews carried out by the consulting actuary, the
Committee of Actuaries and the United Nations Joint Staff Pension Board, as set out
in the report of the Board,1 of various aspects of the pension adjustment system,
1.
Takes note of the recommendation of the United Nations Joint Staff
Pension Board that as from 1 April 2007, the current reduction in the first consumer
price index adjustments due under the pension adjustment system of the United
Nations Joint Staff Pension Fund to benefits in award should be lowered from
1.0 per cent to 0.5 per cent and that a 0.5 per cent increase should be applied on the
occasion of the next adjustment to benefits being paid to existing retirees and
beneficiaries who have already had the 1.0 per cent reduction applied to their
benefits;
Approves, accordingly, with effect from 1 April 2007, the changes in the
2.
pension adjustment system, as set out in annex XVIII to the report of the Board;1
3.
Recalls its decision in section II of its resolution 59/269 to invite the
Board to provide information on the special situation of pensioners living in
2
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