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Overview of the Fund's Activities.ppt

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					                  2) Long term (1/4)

UNJSPF : Evolution of Actuarial situation since 1990




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                                2) Long term (2/4)
         UNJSPF: Funding ratio for Valuations as of 31 December 1990-2009




The current funding ratio is 139.6 per cent as of the latest valuation at 31 December
2009.This ratio indicates that there is a 39.6 per cent security margin. However, if
account is taken of the pension adjustment system, the funded ratio drops below 100%.
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                        2) Long term (3/4)

Market value, Actuarial value and Asset needed for balance (US $ million)




Market value as of 31 December 2011: US$ 39.7 billion
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                                         3
                                                  2) Long term (4/4)

                    Performance achieved compared to the Fund’s return objectives

                 




             Ø   The Fund did not meet its long-term investment objective in the 1, 2, 4, 5, 6, 7 and 8 Year periods.
                                                                                                                        18
                           Table of contents
A. Decisions taken by the General Assembly
B. Update on the Fund’s activities
   I. Overview
   II. Update on investments
        (By W. Sach, Representative of the SG for investments)
   III. Update on operations
   IV. Comments on the Fund’s Balance
C.  Conclusions 
D. Important meetings
E. Main items on the Agenda of the 59th session of the Pension
   Board (UNESCO-Paris, 3-11 July 2012)
                                                                 19
                         C. CONCLUSIONS

ØThe Fund continues to monitor , on an ongoing basis, the efficiency and
effectiveness of its operations and services through its governance and Fund-
wide coordination mechanisms.
ØThe Fund is currently working on the following 3 key projects:

    - IPSAS implementation starting 1 January 2012
    - Integrated Pension Administration System for implementation in 2014
    - Data collection project




                                                                            20
                          Table of contents
A. Decisions taken by the General Assembly
B. Update on the Fund’s activities
   I. Overview
   II. Update on investments
        (By W. Sach, Representative of the SG for investments)
   III. Update on operations
   IV. Comments on the Fund’s Balance
C. Conclusions
D.  Important meetings
E. Main items on the Agenda of the 59th session of the Pension
   Board (UNESCO-Paris, 3-11 July 2012)

                                                                 21
D. Important meetings
             Pension Board
       3 - 11 July 2012 (UNESCO, Paris)
                     
            Audit Committee
       8-9 March, June, November 2012

          Search Committee 
              15-16 March 2012


       Committee of Actuaries 
        13 - 15 June 2012 ( New York)
                  
       Investments Committee
 6-7 February, 7 May, 2 July, 5 November 2012
                       


                                                22
                          Table of contents
A. Decisions taken by the General Assembly
B. Update on the Fund’s activities
   I. Overview
   II. Update on investments
        (By W. Sach, Representative of the SG for investments)
   III. Update on operations
   IV. Comments on the Fund’s Balance
C. Conclusions
D. Important meetings
E. Main items on the Agenda of the 59th session of the Pension
   Board (UNESCO-Paris, 3-11 July 2012)
                                                                 23
    D. 59 th SESSION OF THE PENSION BOARD  


                       Main items on the AGENDA
-Consideration by the General Assembly of the UN Pension System at its sixty-
sixth session
-Actuarial matters
-Investments of the Fund
-Administrative matters
-Governance matters
-Audit
-Benefit system/Participants
-Other matters




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 New icons on the
 UNJSPF website      www.unjspf.org
for easy access to
useful information




             
      Booklets/
Livrets Thématiques

     Validation

    Separation

     Disability

    Restoration

     Two-Track

  Information for
   Beneficiaries

   Participation

Transfer Agreements


 Survivor’s Benefits

        NEW!
      Divorce
                            FAQs (1/2)
1.    What should a retiree do to obtain a statement from the Fund for tax reporting
     purposes?

Retirees can contact the Fund office by phone or email, in order to receive a tax
   statement of benefits. Retirees will automatically receive the tax statement in
   subsequent years.

2.    What happens if a UNJSPF retiree is travelling and forgets to submit his or her CE?

The retiree should send a letter to the Fund as soon as possible, including the date,
   official address, name, retirement number with his/her official ORIGINAL
   signature. This letter will alert the Fund to prevent a potential future suspension.

3.    What can a retiree do to facilitate the process for his or her survivor’s benefit?

To help your survivor be prepared, you should keep all of your records easily available,
   in order to be submitted to the Fund when applying for a survivor benefit. A list of
   these documents is on the Fund's website and contained in the Fund's booklet on
   survivor’s benefits.                                                              28
                          FAQs (2/2)
4.    How often are UNJSPF periodic benefits adjusted due to inflation?

Periodic benefits are adjusted when the cost-of-living in the country of residence has
met the 2% threshold. If the threshold is not met in a given year, the movements are
carried over to the next year.

5.    What should I do if my pension payment is not received?

If your payment is not received and you are sure that there is no problem with your
bank, you should contact the Fund by phone and/or email, either in New York or
Geneva, as soon as possible, so that the Fund can research and take the necessary
action to help ensure you receive your payment.

etc………..




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