Takes note of the report of the United Nations Joint Staff Pension Board for 2010,Error: Reference source not found in particular the actions taken by the Board as set out in chapter II.B of the report;
2
Notes with concern that the Board of Auditors issued a modified audit opinion on the financial statements of the United Nations Joint Staff Pension Fund for the biennium ended 31 December 20096 with one emphasis of matter on the management of investments, and requests the Secretary-General to implement the recommendations of the Board without further delay;
6See Official Records of the General Assembly, Sixty-fifth Session, Supplement No. 9 (A/65/9), annex X.
3
Expresses concern at the results of the actuarial valuation of the United Nations Joint Staff Pension Fund, which revealed a deficit of 0.38 per cent of pensionable remuneration as at 31 December 2009, which was the Fund’s first deficit in seven consecutive actuarial valuations;
4
Endorses the recommendation of the Advisory Committee on Administrative and Budgetary Questions;Error: Reference source not found
Administrative arrangements, revised budget and longer-term objectives of the United Nations Joint Staff Pension Fund
5
Takes note of the information set out in paragraphs 130 to 140 of the report of the United Nations Joint Staff Pension Board on the revised budget estimates for the biennium 2010–2011;
6
Approves the recommendation of the United Nations Joint Staff Pension Board that the total appropriation of 176,318,500 United States dollars remain unchanged and that the requirements of the Fund be met through redeployment, with revised administrative costs, investment costs, audit costs and Board expenses as set out in annex XIX to the report of the Board;
Investments of the United Nations Joint Staff Pension Fund
7
Takes note of the report of the Secretary-General on the investments of the United Nations Joint Staff Pension Fund and measures undertaken to increase diversificationError: Reference source not found and the observations of the United Nations Joint Staff Pension Board, as set out in its report;
8
Recalls its resolution 33/121 B of 19 December 1978;
9
Requeststhe Secretary-General, as fiduciary for the investment of the assets of the Fund, to continue to diversify its investments between developed, developing and emerging markets, wherever this serves the interests of the participants and the beneficiaries of the Fund, and also requests the Secretary-General to ensure that decisions concerning the investments of the Fund in any country are implemented prudently, taking fully into account the four main criteria for investment, namely, safety, profitability, liquidity and convertibility, under the current volatile market conditions;
10
Supports the recommendations of the Board that more detailed disclosures be provided in the future.
