The Pension Board is a subsidiary organ of the United Nations General Assembly. The Pension Board has the ultimate responsibility for the administration of the Fund and it protects the best interest of the UNJSPF participants and beneficiaries by setting strategic goals and policies, providing general oversight and monitoring.
The Pension Board has 33 members, reflecting a participatory governance structure: its tri-partite membership includes representatives of (i) governing bodies, including GA members, (ii) executive heads, including the United Nations Secretary-General, and (iii) participants’ group (elected by staff members). In addition, there are four non-voting representatives of the retirees and other beneficiaries from the Federation of Associations of Former International Civil Servants (FAFICS) on the Pension Board. This structure ensures equity and inclusiveness of those who are affected by the Board’s decisions and actions, e.g., staff in active service, retirees and beneficiaries, member organizations, Member States and other stakeholders.
The Pension Board reports to the General Assembly on strategic questions and policy matters regarding the management of the Fund, the Fund’s budget, plan design issues and its long-term financial situation. In order to make fully informed decisions, to attain sufficient expertise, and to fulfill its responsibilities, the Pension Board has formed subcommittees who meet more frequently and report annually to the Board.
Click here for the latest report of the Pension Board.