New York, April 6, 2023. The United Nations Joint Staff Pension Fund (UNJSPF) held a global town hall today. More than 3,000 participants from UNJSPF member organizations, retirees and beneficiaries joined the virtual event to hear from Rosemarie McClean, Chief Executive of Pension Administration, and Pedro Guazo, Representative of the Secretary-General for the investment of UNJSPF assets.
Ms. McClean highlighted the Fund’s modernizing efforts of the past years, including timely pension processing, improving access to information, and a new app for retirees and beneficiaries. Confronted by an unstable economic and high-inflation environment, “the Fund is well-funded, and the purchasing power of pensions is protected with cost-of-living adjustments”, Ms. McClean stated.
Mr. Guazo indicated that the market value of the assets was at US$ 81.7 billion as at 31 March 2023, 5% higher than at the close of the previous year. “The Fund not only meets its long-term real rate of return target, but it also is cost efficient and a leader in sustainable investment”, Mr. Guazo underscored.
To watch the recording in English, click here.
To watch the recording in French, click here.