PART I. Definitions and Interpretation
In these Regulations, and in the Administrative Rules, unless the context otherwise requires:
(a) “Actuarial equivalent” and “equivalent actuarial value” shall mean the equivalent determined according to the actuarial tables adopted by the Board under article 11.
(b) “Administrative Rules” shall mean the rules made by the Board under article 4.
(c) “Benefit” shall include a withdrawal settlement under article 31, and a residual settlement under article 38.
(d) “Board” shall mean the United Nations Joint Staff Pension Board.
(e) “Child” shall mean a child existing on the date of separation or death in service of a participant and shall include the step‑child or adopted child of a participant, and a child in utero upon its birth; in the event of uncertainty as to whether adoption has taken place, the matter shall be decided by the Board.
(f) “Commute” shall mean cause to be converted and paid in a lump sum part or the whole of a benefit otherwise payable at periodic intervals, according to the actuarial tables of the Fund.
(g) “Dollars” shall mean dollars of the United States of America.
(h) “Final average remuneration” shall mean the average annual pensionable remuneration of a participant during:
- (i) The thirty‑six completed calendar months of highest pensionable remuneration within the last five years of a participants contributory service; or
- (ii) If the contributory service was less than five years, the thirty‑six completed calendar months of highest pensionable remuneration within the actual period of such service; or
- (iii) If the contributory service contained less than thirty‑six completed calendar months, the actual number of such months within the contributory service; or
- (iv) If the contributory service contained no completed calendar month, the actual period of such service.
(i) “Fund” shall mean the United Nations Joint Staff Pension Fund.
(j) “General Assembly” shall mean the General Assembly of the United Nations.
(k) “In pay status” shall mean that a participant is entitled to remuneration from a member organization under the terms of his or her appointment.
(l) “Interest” shall mean interest compounded annually at the rates specified in article 11(c).
(m) “Member organization” shall mean the United Nations and any specialized agency or other organization admitted to membership in the Fund in accordance with article 3.
(n) “Normal retirement age” shall mean age 60, except that it shall mean age 62 for a participant whose participation commences or recommences on or after 1 January 1990 but before 1 January 2014, and age 65 for a participant whose participation commences or recommences on or after 1 January 2014.
(o) “Own contributions” shall mean the contributions, not exceeding the percentage of his or her pensionable remuneration specified in article 25(a), column B, made to the Fund by or on behalf of a participant in respect of contributory service under article 22, with interest, provided that, in respect of service in a member organization prior to its admission to membership in the Fund, which has been recognized as contributory, it shall mean:
- (i) The amount transferred on account of the participant from the Provident Fund of such member organization at the time of its admission, without interest; or
- (ii) The amount, not exceeding 12 per cent of his or her pensionable remuneration, received by the participant from the Provident Fund of such member organization on separation prior to its admission and repaid to that organization, upon re‑employment, for the purpose of recognition of such service as contributory, without interest.
(p) “Participant” shall include a former participant.
(q) “Pensionable remuneration” shall mean the remuneration, at its equivalent in dollars, defined in article 51.
(r) “Restoration” shall mean the inclusion in contributory service of the prior contributory service of a former participant who again becomes a participant.
(s) “Secondary dependant” shall mean the mother or father, or an unmarried brother or sister under the age of twenty‑one, who was dependent on the participant at the date of the participant’s death in service, or from the date of the participant’s separation from service to the date of the participant’s death if he or she died after separation. The Board shall prescribe in the Administrative Rules the meaning of “dependent” for the purpose of this definition.
(t) “Secretary‑General” shall mean the Secretary‑General of the United Nations.
(u) “Separation” shall mean ceasing to be in the service of a member organization otherwise than by death.
(v) “Service” shall mean employment as a full‑time member of the staff of a member organization.
(w) “Validation” shall mean the inclusion in contributory service of a period of non‑contributory service which occurred prior to the commencement of participation.
The Board shall, to the extent required to give effect thereto, interpret these Regulations and the Administrative Rules.