Sometimes pension liabilities or some type of litigation

Unfunded projects

III. Unfunded

Total, capital and special projects

Moreover, an unfunded liability path, once taken, is hard to leave, because at the point of departure, some generation is paying for past commitments and at least beginning to fund future ones.

Unlike insurance companies and pension funds, they have no long term debt or future payment obligations.

For voluntarily funded organizations such as UNHCR, unfunded post retirement benefits could mean enormous termination costs with the ensuing risk of serious financial jeopardy this issue thus requires immediate attention.

Prior years obligations cancelled

There are other liabilities other than debt.

Aging populations in most advanced economies imply additional public debt in the long term, owing to non fully funded pension schemes and rising health care costs.

The Secretariat shared the concern about unfunded end of service and post retirement benefit liabilities and was currently preparing a report on that question, which would be available in early 2005.

Comment by the Administration. The Agency does not provide post retirement benefits and has no liabilities in this connection.

NFTCE Non UNDP financed technical cooperation expenditures

(iv) Commitments of the Organization relating to prior, current and future financial periods are shown as unliquidated obligations.

Unliquidated obligations for management

The unfunded liability associated with this will total billions of pounds.

In paragraph 32 of its report, the Board reiterated its recommendation that ITC address, in conjunction with the United Nations Secretariat and with proper funding, the issue of unfunded liabilities for end of service and post retirement benefits.

The most likely explanation for this public investment shortfall is fiscal constraints. And, indeed, debt and unfunded non debt liabilities increasingly weigh down public sector balance sheets and pension funds, eroding the foundations of resilient, sustainable growth.

IV. MEETINGS OF ORGANS AND PROGRAMMES NOT FUNDED FROM THE REGULAR BUDGET OF THE UNITED NATIONS . 15

OTHER THAN UNDP A. Non UNDP financed technical cooperation expenditure

IV. MEETINGS OF ORGANS AND PROGRAMMES NOT FUNDED FROM THE

4. Meetings of organs and programmes not funded from the regular budget of the United Nations.

(c) Commitments certified by the President of the International Court of Justice as relating to unforeseen expenses in respect of the Court ( 576,300)

They retire behind.

Retiring slowly.

The pension fund.

(ii) Unliquidated obligations 1,498,629

As a result, UNOPS will have to assess proactively what its current exposure is in regard to end of service and post retirement benefit liabilities.

The increase in unfunded liabilities to 262 million is alarming.

Chart 3 shows the composition of NFTCE.

Other options include increasing the age of retirement and removing incentives to early retirement.

Deferred retirement benefit

2) a disability pension

... I'll put in for retirement.

The pension fund drive?

The state s commitments became incredible as it absorbed losses produced in the non functioning market.

Eleven land locked countries have received a total commitment of SDR 364 million from the Structural Adjustment Facility.

For voluntarily funded organizations such as UNHCR, unfunded post retirement benefits could mean enormous termination costs, with the ensuing risk of serious financial jeopardy this issue thus requires immediate attention.

It has further been suggested that the Organization should review its voluntarily funded programmes, especially those that are financed through trust funds, to eliminate unnecessary and duplicative expenditures.

b) The project budget comprises mainly non recurrent costs funded by earmarked project contributions.

Unspent allocations for projects funded from general resources amounted to 123.6 million.

Liabilities consisted of unliquidated obligations of 6,534 (statement I).

Early Retirement for the Eurozone?

What will they do?

Retirement in the host country