Pension Arrangements

Administrative arrangements of the United Nations Joint Staff Pension Fund

Longer term administrative arrangements of the United Nations Joint Staff Pension Fund

Administrative arrangements and revised budget of the United Nations Joint Staff Pension Fund

(vi) Movement away from a defined benefit pension plan to a defined contribution plan

Administrative arrangements and longer term objectives of the United Nations Joint Staff Pension Fund

A working pensioner continues to make social insurance contribution payments and to accrue the notional pension capital that is used for increasing the pension amount once in three years.

The second tier of the pension system the compulsory funded State pension scheme is based on the principle of investing individual social insurance contribution payments, providing that part of the person's social insurance contribution payments for old age pensions will be invested.

Pension, gratuity and social security arrangements are based on deductions from the employees' salary and contributions by employers.

The United Nations reiterated its support for continuation of the cost sharing arrangements made with the Pension Fund, in consideration of the pension administrative services provided by the Fund's secretariat as the Staff Pension Committee of the United Nations.

The pension results were compared with those under three alternative arrangements for determining FAR and for selecting the exchange rates to be used to calculate the local currency pension amounts.

Substantive servicing of meetings contribution to the activities of the United Nations Joint Staff Pension Board Standing Committee (2)

In essence, this is a system of an individual saving schedule, where the size of the pension depends on the total contribution of payments and the productivity of the pension fund.

(b) To maximize the contribution of contractual arrangements with transnational corporations in host developing countries

A decision had been reached on increasing the Russian contribution to the Organization's standby arrangements system.

Recognizes the considerable contribution of South South cooperation arrangements, which promote development activities in developing countries

The operation of the pension scheme of the first tier is based on insurance principles the pension amount is based on the notional pension capital that has been accrued during the person's working life, i.e., information about contribution payments made for pension insurance that is divided by the projected life expectancy at the respective age upon retirement.

9. Recognizes the considerable contribution of South South cooperation arrangements, which promote development activities in developing countries

(For purposes of pension benefits and pension contributions)

The granted pension amount is protected against inflation by regular pension indexation (once a year), taking into account the consumer price index changes and as of 2002 also a certain part of the insurance contribution wage index.

Following these arrangements the proposed provision ( 500,000) would be administered flexibly and disbursed taking into account the treatment of the in kind contribution and approved cost sharing arrangements.

Retirement pension

Pension fund

With pension

5.6 For the determination of the pension in Spain of a non emigrant, the contribution history of the worker in the final years is used.

The Board apos s examination of a sample of cases from the pension payroll revealed 53 cases where the monthly amounts of the pension benefit paid in local currency under these arrangements exceeded 8,000 when converted into United States dollars.

Pension adjustment system

Staff pension committees

Canada pension plan

2. Pension benefits

P. Pension Fund

Staff Pension Committee

PENSION DISABILITY CASES

B. Pension benefits

The pension fund.

The financial obligation of the Organization to the Pension Fund consists of its mandated contribution at the rate established by the General Assembly together with its share of any actuarial deficiency payments under article 26 of the Regulations of the Pension Fund.

Only persons who are employees of the founders of pension funds may be participants of pension plans of the closed pension fund.

Regional arrangements within the meaning of Chapter VIII of the United Nations Charter can make an essential contribution to strengthening security.

The first tier is a pension scheme that is based on social insurance contribution payments and that operates according to the principle of the solidarity of generations.

(a) quot Pension Fund quot means the United Nations Joint Staff Pension Fund

(h) quot EBRD Pension Committee quot means the Pension Committee of the Plans.

The third tier of the pension system is the voluntary private pension scheme, i.e., private pension funds, where everyone can participate and accrue additional resources for his her pension in old age.

More flexible pension arrangements, legal reforms, and media and education campaigns aimed at shifting employers perceptions of older workers will allow individuals to keep working for longer.

The extent of this right depends, as a rule, on the length of the pension service and the salary that the insured party earned during their work span, that is, on the principle onto which the contribution for pension and disability insurance was paid.

4. Notes with appreciation that the new custodial arrangements are expected, inter alia, to produce cost savings, and requests the Secretary General to keep under review the costs of those arrangements, bearing in mind the custodial costs of other pension funds