The 2023 UNJPSF Annual Letter has just been published and can be found here.
The Annual Letter provides participants, retirees and beneficiaries with a summary of important developments of 2022, as well as useful information about the Fund and pensions.
“The Fund continues to be in a strong financial position, and while services to clients have never been more effective, our modernization is underway,” Ms. Rosemarie McClean, Chief Executive of Pension Administration, stated in her foreword.
“2022 was a volatile year for financial markets around the world. The performance of our assets remained above the benchmark of an annualized 3.5 per cent real rate of return over the long-term (beyond 20 years), ensuring the financial sustainability of the Fund”, added Mr. Pedro Guazo, Representative of the Secretary-General for the investments of the assets of the Fund.
The Letter also includes an update on actuarial matters, and governance, including the outcomes of the two last Pension Board meetings and the 2022 United Nations General Assembly resolution, as well as amendments to the Regulations and Rules in effect as of 1st January 2023.
The dedicated section for retirees and beneficiaries contains relevant information regarding the cost-of-living adjustments, the annual certificate of entitlement, the annual statement of benefits, arrangements in case of divorce, the two-track system, the Emergency Fund, as well as retirees and beneficiaries’ associations.
The section for participants provides information about validation, restoration, transfer of pension rights, the annual pension statement and the separation process.
Other information can be found in the Letter on survivors’ benefits, death of a retiree or beneficiary and how to contact the Fund.