Communiqué from the United Nations Joint Staff Pension Board*

At the conclusion of the 63rd UN Joint Staff Pension Board meeting that took place at the IAEA Headquarters in Vienna, Austria from the 14 - 22 July 2016; following seven days of presentations, considerations and debates the Board drafted the following statement for immediate release.

Vienna, Austria: 22 July 2016 - The United Nations Joint Staff Pension Fund is in a sound financial position and has a positive actuarial status as confirmed by the Consulting Actuary and Committee of Actuaries. As at 21 July 2016 the assets of the Fund were valued at US$ 54.2 billion. The members of the Board want to reassure the participants, the retirees and the beneficiaries that the Fund is able to meet its pension and benefit payment obligations over the long term.

The Fund's investments adhere to the criteria of Safety, Liquidity, Convertibility, and Profitability as established by the UN General Assembly, and the long-term rate of return investment objective of the Fund is 3.5%. This criteria and rate ensure that the Fund is invested conservatively.

The Board recognized the adverse impact that the delayed payment of pension benefits is having on some new retirees. Aware of the multiple causes for these delays, the Board addressed the responsibility of the Fund, and supported measures introduced by the Fund to improve caseload processing and welcomed initiatives to strengthen client services and communications. The Board also took extraordinary measures, approving additional temporary resources and accepting that the Fund look into making provisional payments. The Board will continue to provide support to the management of the Fund and will inform stakeholders of developments as these delays are resolved.

The Board welcomed the establishment of the Fund's own financial rules along with the updated investment policy (which includes strategic asset allocation). In addition, the Board considered a range of matters related to the Fund's administration, investments, and oversight.

The Board recognizes and supports the efforts and dedication of the Fund's management and staff who fulfil, on a daily basis, a complex mandate, serving over 126,000 participants and some 71,000 retirees and beneficiaries.

The Board is confident that the Fund is safe and that the Fund's future is secure. The Board will meet again in July 2017.

* The United Nations Joint Staff Pension Board administers the Fund and is composed of three constituent groups representing Participants, Governing Bodies and the Executive Heads with participation of representatives of the Federation of Associations of Former International Civil Servants and observers. There are numerous checks and balances built into the governance of the Fund, including audits by internal and external auditors and the Board's Audit Committee.
Integrated Pension Administration System (IPAS)
Update as of 30 June 2016

  • The 10-year monthly average for the Fund using the old system (PENSYS) was 873 per month. As this graph demonstrates in March, May and June of this year the Fund reached the highest numbers ever since it was established in 1949.
  • Since 3 August 2015, the Fund has processed 11,190 cases, this includes withdraws, deferments and retirement with various entitlements.
  • More remains to be done. The Joint Staff Pension Fund staff work long hours, overtime budgets are being depleted for support staff, and task forces built earlier this year are being supplemented to address a continuing increase of retirees. June numbers (number of cases that arrived in June, number processed in June and number of outstanding cases that need to be processed) will be posted next week.

  • For more detailed information, simply click here or on the graph.

    Please visit the General Information page by clicking here to obtain relevant information about the UNJSPF.

Welcome, New Participants!

Important Deadlines

You may be eligible for restoration, validation and/or a transfer, which would add to your contributory service and thus to your benefit entitlement. There are, however, important and very strict deadlines that apply.
For further information, please refer to Publications & Documents below, or simply click here.

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Benefit Estimate System

You may receive an estimate of your benefits online. The system allows you to choose any valid separation date. It also allows you to perform the benefit calculation using a Lump-Sum amount of your choice, as well as different Pensionable Remuneration dates.

Annual Statement Online

Access your Annual Statement online! Beginning with your 2003 Annual Statement, you may access your statements by logging into our secure system. Before you can access the system, you need to register, using your Pension Number and some personal information.

Publications and Documents

In addition to the official publications, you can find the brochures from the new series 'Livrets Thématiques', which contain easy-to-follow answers to the most commonly asked questions. They are presented in PDF format. more...
Latest News
UNJSPB Communiqué
Click here for the Communiqué from the United Nations Joint Staff Pension Board. Also, available in Spanish, click here.
UNJSPB Week 2 Newsletter
Please click here for the United Nations Joint Staff Pension Board Week 2 Newsletter of the 63rd Board Meeting.
Annual Statements 2015
Annual Statements will be available in August through the IPAS Member Self-Service portal.
UNJSPB Week 1 Newsletter
Please click here for the United Nations Joint Staff Pension Board Week 1 Newsletter of the 63rd Board Meeting.
UNJSPF July 2016 Newsletter
Click here for more information...
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