United Nations pension system
A/RES/69/113
which would continue to be monitored in conjunction with each actuarial valuation:
(a) assessment of the costs of the April 1992 modification of the cost-of-living
differential factors as applicable to the Professional and higher categories,
(b) assessment of actual savings from the reduction of the 120 per cent cap provision
to 110 per cent, effective for separations on 1 July 1995 or later and (c) assessment
of the costs and/or savings of the minimum guarantee at 80 per cent of the United
States dollar track amount;
Other matters
17. Concurs, in accordance with article 13 of the Regulations of the Fund
and with a view to securing the continuity of pension rights, with the new transfer
agreements of the Fund with the European Organization for the Exploitation of
Meteorological Satellites, the European Union Satellite Centre and the European
Union Institute for Security Studies, as approved by the Board and set out in
annex XIV to its report, which will become effective 1 January 2015;
18. Notes that the transfer agreement of the Fund with the African
Development Bank has been withdrawn, because the Bank has not signed the
approved agreement;
19. Recalls paragraph 10 of the report of the Advisory Committee, and
welcomes the initiative taken by the High-level Committee on Management to
establish a working group on after-service health insurance and looks forward to
receiving information on its findings at the seventieth session of the General
Assembly, pursuant to Assembly resolution 68/244 of 27 December 2013;
20. Also recalls paragraph 13 of section VII of resolution 68/247 A and
paragraph 26 of the report of the Advisory Committee, and requests the Board to
inform the General Assembly of the outcome of the revision of the memorandum of
understanding between the Office of Human Resources Management of the
Secretariat and the Fund in the context of its next report to the Assembly;
21. Notes with concern the observation of the Board of Auditors regarding
performance evaluations not having been completed for Fund staff for the cycle
ended 31 March 2013, and in this regard requests the Secretary-General to continue
his effort to ensure that the performance of all staff members of the Fund is properly
evaluated in a timely manner;
Investments of the United Nations Joint Staff Pension Fund
22. Takes note of the report of the Secretary-General on the investments of
the Fund and measures taken to increase the diversification of the Fund2 and the
observations of the United Nations Joint Staff Pension Board as set out in its report;
23.
Reaffirms its resolution 33/121 B of 19 December 1978;
24. Notes the overall improved investment performance of the Fund for the
year ended 31 December 2013 as compared with its performance benchmarks for
the same period in 2012, and commends its success in meeting its investment
objectives;
25. Recalls paragraph 14 of the report of the Advisory Committee, and in this
regard commends the Fund for its success in meeting its long-term investment
objectives over the past 10, 15, 20, 25 and 50 years;
26. Emphasizes the importance of the policy of the Fund of broad
diversification of its investments by currency, type of asset class and geographical
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