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2 days ago

UNFSU

STAFF NEWS: RETIREMENT AGE NOW 65 FOR ALL STAFF

We are pleased to inform you that the General Assembly has accepted a change of rules that implements the new mandatory age of separation at 65 for all staff and with immediate effect. The new mandatory age of 65 will not apply to those who were due to retire before 2018 but were exceptionally extended beyond retirement.

As we requested and the General Assembly accepted, for those who joined before 1990 or 2014 and therefore having a normal retirement age of 60 or 62, you will retain the right to a retirement benefit upon reaching 60 or 62 (subject to the usual conditions and calculations) and an early retirement benefit upon reaching 55.

If you choose to work beyond 60 or 62, the increased years of participation will simply be reflected in your retirement benefit, when you choose to take it, in line with the standard calculations.

(For information, staff who joined after 2014 have the right a retirement benefit upon reaching 65 and an early retirement benefit upon reaching 58.)

As the mandatory age of separation is now 65 for all staff, no further action is needed from you in order to work until then. However, as per the new rules, if you joined before 1990 or 2014 and wish to exercise your acquired right to separate from service at 60 or 62, or anytime thereafter before the age of 65, you will need to give written notice as stipulated in your contract i.e. 30 days before for fixed-term and three months for continuing or permanent.
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Understood.

1 week ago

UNFSU

Watch the inspiring story about a 16 years old music student in Valencia (SPAIN) who made a song about the UN Peacekeepers. ... See MoreSee Less

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2 weeks ago

UNFSU

www.facebook.com/unpeacekeeping/posts/10155082643891003Secretary-General appoints Dmitry Titov of Russia to lead Special Investigation into attacks on peacekeepers in Democratic Republic of Congo

The Secretary-General today announced the appointment of Dmitry Titov of Russia to lead a Special Investigation into recent attacks on peacekeepers and peacekeeping bases in the Beni territory of North Kivu province, Democratic Republic of Congo. This Special Investigation will include a focus on the 7 December attack in Semuliki, in which 15 Tanzanian peacekeepers were killed, 43 wounded and one remains missing.

The Special Investigation will examine the circumstances surrounding these attacks, evaluate MONUSCO’s overall preparedness and response to the events and provide recommendations on how to prevent such attacks from occurring in the future or when they do occur, from having such lethal consequences. The investigation team will travel to the Democratic Republic of the Congo early in January and will also visit relevant countries in the Great Lakes region. In addition to officials of the United Nations, the team will also include two military officers from Tanzania.

Mr. Titov joined the United Nations in 1991. He served as Assistant Secretary-General for Rule of Law and Security Institutions in the United Nations Department of Peacekeeping Operations (DPKO) from 2007 – 2017. Mr. Titov also served as Africa Director in DPKO’s Office of Operations.

New York, 5 January 2017
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https://www.facebook.com/unpeacekeeping/posts/10155082643891003

 

Comment on Facebook

Good luck to Mr Titov.

2 weeks ago

UNFSU

BBC World Service
What home comforts keep this UN peacekeeper going?
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Comment on Facebook

Good mission

I am waiting for more comments before i put my finger, lets see how many positive comments will be posted.

3 weeks ago

UNFSU

Thank you to Loraine Rickard-Martin

PENSION FUND: THANK YOU, GENERAL ASSEMBLY

As we move into 2018, the Secretary-General has addressed chronic problems besetting our Pension Fund by replacing the head of investments and placing the Chief Executive Officer on probation (three-year reappointment with continuation subject to an annual performance review).

Now the General Assembly, fed up with slow implementation by the Fund of the recommendations of the 2016 UN Board of Auditors, zeroes in on lax oversight by the Pension Board, and requests in a year–end resolution a review of checks and balances between the Board and the Fund leadership.

Specifically, the GA, in paragraph 8 of its resolution “Requests the Secretary-General to entrust the Office of Internal Oversight Services with conducting a comprehensive audit of the governance structure of the UN Joint Staff Pension Fund Board, to include a review of the checks and balances between the Board and the Pension Fund leadership, and to submit its report with key findings to the General Assembly at its seventy-third session ….”.

In a slap at the Board and Fund leadership, the GA in paragraph 5, “notes with serious concern the need to address all the shortcomings identified by the Board [UN Board of Auditors] including the need to ensure accurate data for the actuarial valuation, in particular the need to strengthen the internal control procedures, ensure the timely and accurate processing of benefits and, create a client grievance redressal mechanism.”

The GA also cites among its concerns:

- massive currency losses for 2016 (almost $1 billion) and almost $5 billion dollars in cumulative losses since 2013; ;
- Over-expenditure of staff costs owing to lack of effective and efficient management of human and financial resources of the Fund;
- High number of vacant posts, which the GA wants to be filled “in full compliance with relevant provisions governing recruitment.”

Notably, on the Secretariat side, the GA requests the Pension Board to address the causes of delays in pension payments, including those identified by the Board of Auditors regarding implementation of the new IT system (IPAS); and keep the cost of the project within approved budgetary limits.

On investments, the GA reaffirms the Secretary-General’s fiduciary responsibility for investments and the need to “avoid any action that would compromise the fiduciary responsibilities and long-term sustainability of the Fund”.

Specifically, the resolution emphasizes the importance for the sake of the Fund’s long-term sustainability of meeting its target annualized rate of return of 3.5 per cent return on investments; and requests that the SG continues to mitigate risks related to foreign exchange losses.

The resolution addresses another long-time concern in “welcom[ing] the review by the Secretary-General of the governance and compliance procedures of the Investment Management Division’s trading activities [and] encourag[ing] the SG to undertake a review of the research and trading activities of the Investment and Management Division, particularly in its selection of brokers/dealers” (para. 15) and “formalize the evaluation method before awarding or renewing the contracts of the fund managers” (para.20).

Finally, the resolution requests the SG to continue to reduce the use of “non-discretionary Advisory fees”; increase efforts in identifying potential candidates for the Investments Committee form all regional groups; decides to reduce non-post resources of the administration of the Fund by 5 per cent; approves the amount of over $22 million as the UN share of the administrative expenses of the Fund for 2018-2019; and approves the establishment of four posts, notably not including the request for establishment of a P5 position for Senior Communications Officer for the Fund.

It's important to note that the issue cited by the GA of the need for accurate actuarial data (estimate of the Fund’s liabilities) includes a matter of $287,000 paid by the Fund to Buck Consultants to perform the biennial actuarial evaluation that was rejected by the UN Board of Auditors because of unreliable information provided by the Fund.

That’s $287,000 unavailable for payments to beneficiaries, including suffering orphans and widows. Add that to the $1.8 million paid to external consultants reported to be PriceWaterhouseCoopers for services NOT included in its contract (see OIOS audit 2017/110) and that’s a sizable chunk of funds that are allowed to drain from our Fund because of mismanagement and lax Pension Board oversight.

Note also that the flawed data and irregularities in procurement and contracts are the responsibility of Fund managers who must be held responsible and accountable along with the CEO.

This call by the GA for a review of the checks and balances between the Pension Board and the Fund leadership is long overdue and responds to problems long alleged by our hardworking UN staff unions. One hope it helps to correct the current climate of lax oversight by a complicit Pension Board leadership and helps to set our Fund on the right path.
... See MoreSee Less

Thank you to Loraine Rickard-Martin

PENSION FUND: THANK YOU, GENERAL ASSEMBLY

As we move into 2018, the Secretary-General has addressed chronic problems besetting our Pension Fund by replacing the head of investments and placing the Chief Executive Officer on probation (three-year reappointment with continuation subject to an annual performance review).

Now the General Assembly, fed up with slow implementation by the Fund of the recommendations of the 2016 UN Board of Auditors, zeroes in on lax oversight by the Pension Board, and requests in a year–end resolution a review of checks and balances between the Board and the Fund leadership.

Specifically, the GA, in paragraph 8 of its resolution “Requests the Secretary-General to entrust the Office of Internal Oversight Services with conducting a comprehensive audit of the governance structure of the UN Joint Staff Pension Fund Board, to include a review of the checks and balances between the Board and the Pension Fund leadership, and to submit its report with key findings to the General Assembly at its seventy-third session ….”. 

In a slap at the Board and Fund leadership, the GA in paragraph 5, “notes with serious concern the need to address all the shortcomings identified by the Board [UN Board of Auditors] including the need to ensure accurate data for the actuarial valuation, in particular the need to strengthen the internal control procedures, ensure the timely and accurate processing of benefits and, create a client grievance redressal mechanism.” 

The  GA also cites among its concerns:

- massive currency losses for 2016 (almost $1 billion) and almost $5 billion dollars in cumulative losses since 2013; ;
- Over-expenditure of staff costs owing to lack of effective and efficient management of human and financial resources of the Fund;
- High number of vacant posts, which the GA wants to be filled “in full compliance with relevant provisions governing recruitment.”

Notably, on the Secretariat side,  the GA requests the Pension Board to address the causes of delays in pension payments, including those identified by the Board of Auditors regarding implementation of the new IT system (IPAS); and keep the cost of the project within approved budgetary limits. 

On investments, the GA reaffirms the Secretary-General’s fiduciary responsibility for investments and the need to “avoid any action that would compromise the fiduciary responsibilities and long-term sustainability of the Fund”.

Specifically, the resolution emphasizes the importance for the sake of the Fund’s long-term sustainability of meeting its target annualized rate of return of 3.5 per cent return on investments; and requests that the SG continues to mitigate risks related to foreign exchange losses.

The resolution addresses another long-time concern in “welcom[ing] the review by the Secretary-General of the governance and compliance procedures of the Investment Management Division’s trading activities [and] encourag[ing] the SG to undertake a review of the research and trading activities of the Investment and Management Division, particularly in its selection of brokers/dealers” (para. 15) and “formalize the evaluation method before awarding or renewing the contracts of the fund managers” (para.20).

Finally, the resolution requests the SG to continue to reduce the use of “non-discretionary Advisory fees”; increase efforts in identifying potential candidates for the Investments Committee form all regional groups; decides to reduce non-post resources of the administration of the Fund by 5 per cent; approves the amount of over $22 million as the UN share of the administrative expenses of the Fund for 2018-2019; and approves the establishment of four posts, notably not including the request for establishment of a P5 position for Senior Communications Officer for the Fund. 

Its important to note that the issue cited by the GA of the need for accurate actuarial data (estimate of the Fund’s liabilities) includes a matter of $287,000 paid by the Fund to Buck Consultants to perform the biennial actuarial evaluation that was rejected by the UN Board of Auditors  because of unreliable information provided by the Fund. 

That’s $287,000 unavailable for payments to beneficiaries, including suffering orphans and widows. Add that to the $1.8 million paid to external consultants reported to be  PriceWaterhouseCoopers for services NOT included in its contract (see OIOS audit 2017/110) and that’s a sizable chunk of funds that are allowed to drain from our Fund because of mismanagement and lax Pension Board oversight. 

Note also that the flawed data and irregularities in procurement and contracts are the responsibility of Fund managers who must be held responsible and accountable along with the CEO. 

This call by the GA for a review of the checks and balances between the Pension Board and the Fund leadership is long overdue and responds to problems long alleged by our hardworking UN staff unions. One hope it helps to correct the current climate of lax oversight by a complicit Pension Board leadership and helps to set our Fund on the right path.

 

Comment on Facebook

If world body's organ is functioning so slowly and responsible authorities are not competent to adress GA recommendation, how can UN encourages its member countries for good givernsnce. A strong decision may needed to save UN and its staff properties.

“Do your job”

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