Overpayments of benefits

(a) Overpayment of benefits to a widower and others

My delegation has said time and again, and I will repeat it now Payment of one apos s dues is not an option.

The current difficulties were a result of the failure to pay assessments within the time stipulated by the financial regulations.

Receivables

57. The Social Security (Insurance) Ordinance of Gibraltar provides for the payment of a variety of benefits and allowances to expectant mothers and widows.

Article 2

Efforts to develop professional and reliable police and military forces will require the payment of benefits that the Government cannot yet afford.

The Board noted from the receivables account that a widower was overpaid a widower apos s benefit by 308,387 over a period of 15 years.

Audit of the administration of entitlements

Audit of the administration of entitlements

A. Legal aspects of receivables financing . 208 214 43

Did they raise the dues?

Dues all paid up.

A. Legal aspects of receivables financing

We pay off in Wichita.

This makes benefit payments inherently risky, hence the concern of the Board to explore opportunities for eliminating avoidable losses.

Each lCER shall expire at the end of the crediting period or, where a renewable crediting period is chosen in accordance with paragraph 23 (a) above, at the end of the last crediting period of the project activity.

Each tCER shall expire at the end of the commitment period subsequent to the commitment period for which it was issued.

United Nations Convention on the Assignment of Receivables in International Trade

And the name of the game is fivecard stud. Cough up the dues.

The Board is aware that because many benefits are paid monthly in advance it is almost impossible to completely avoid overpayments to dead beneficiaries unless the Fund is promptly notified of deaths.

3. This article applies only to assignments of receivables

1. Lowered the rates of benefit accumulation for new Fund participants.

Article 34 (f) of the Regulations and Rules of the UNJSPF states, inter alia, that the survivor apos s benefit quot shall be payable at periodic intervals for life or until remarriage quot .

These benefits amounted to 75 per cent of the last salary, whereas benefits under the Unemployment Act amounted to 80 per cent of the last salary.

Note to the Working Group The Working Group may wish to consider whether recommendation 15, which is based on article 9 of the United Nations Assignment Convention should apply only to receivables listed in article 9 (3) of the Convention, i.e. receivables

56 81. United Nations Convention on the Assignment of Receivables in International Trade

3. Regrets the absence of any reimbursements to troop contributing countries to the United Nations Operation in Somalia II, and requests the Secretary General to undertake all efforts to ensure that such reimbursements are expedited

212. One reason was the link between receivables financing and factoring.

A CN.9 397 Possible future work legal aspects of receivables financing

The Fund apos s procedures require the completion of a Certificate of Entitlement (CE) to confirm continued entitlement to benefits.

Thrust

Note to the Working Group The commentary will explain that recommendation 137, reflecting the principle in articles 22 and 30 of the United Nations Assignment Convention, applies, for example, to receivables.

Desiring also to ensure adequate protection of the interests of debtors in assignments of receivables,

Note to the Working Group Article 8 of the United Nations Assignment Convention.

By the end of 1993, 400 million would be owed to troop contributing countries.

PushButton

Payment of the benefit

Should have paid the bill.

(b) As part of the sale or change in the ownership or legal status of the business out of which the assigned receivables arose.

Pakistan itself has made it a point to pay its assessed dues fully and promptly.

Desiring to establish principles and to adopt rules relating to the assignment of receivables that would create certainty and transparency and promote the modernization of the law relating to assignments of receivables, while protecting existing assignment practices and facilitating the development of new practices,

United Nations Convention on the Assignment of Receivables in International Trade (New York, 12 December 2001).

4. Paragraphs 2 and 3 of this article apply only to assignments of receivables