All actuarial results will be shown under several sets of actuarial assumptions

Actuarial matters

Actuarial situation

Figure 4 United Nations Joint Staff Pension Fund evolution of actuarial situation since 1990

The Board of Auditors has repeatedly reported this issue, with no result so far other than an improved actuarial computation.

The Board of Auditors has repeatedly reported this issue, with no result so far other than an improved actuarial computation.

His delegation was pleased that the Fund's value had increased substantially and that actuarial valuations had shown surpluses since 1997.

At the time of the present report, the General Assembly has not invoked this provision. The result of the actuarial valuation as at 31 December 2003 was an actuarial surplus of 1.14 per cent of pensionable remuneration.

The actuarial report will show required contributions and imbalances, an analysis of gains and losses, calculations of the actuarial value of accrued benefits, hypothetical projection results over 30 years and the results of monitoring of the two track system.

(c) The benefit may be commuted by the participant into a lump sum if the rate of the benefit at the normal retirement age is less than 300 dollars. Such commutation shall be equivalent to the full actuarial value of the benefit.

Such deficiency payments are payable only if and when the General Assembly has invoked the provision of Article 26, following determination that there is a requirement for deficiency payments based on an assessment of the actuarial sufficiency of the Fund as of the valuation date.

1. Takes note of the results of the monitoring of the costs savings of recent modifications of the two track feature of the pension adjustment system and the intention of the United Nations Joint Staff Pension Board to continue to monitor those costs savings every two years, on the occasion of the actuarial valuations of the Fund

5. Also takes note of the results of the monitoring of the costs savings of recent modifications of the two track feature of the pension adjustment system and of the intention of the Board to continue to monitor those costs savings every two years, on the occasion of the actuarial valuations of the Fund

Such deficiency payments are payable only if and when the General Assembly has invoked the provision of article 26, following determination that there is a requirement for deficiency payments based on an assessment of the actuarial sufficiency of the Fund as of the valuation date.

(a) To make no changes to the current methodology used in the determination of final average remuneration but to consider at the meeting of its Standing Committee in 2005 a study containing actuarial cost assessments of a proposed early retirement protection measure, together with both the positive features and the anomalies that might arise as a consequence