Statutory Bodies of the Fund

 United Nations Joint Staff Pension Fund Board (UNJSPB)

The Fund is administered by the United Nations Joint Staff Pension Board, a staff pension committee for each member organization and a secretariat to the Pension Board and to each staff pension committee.  The Pension Board reports to and formulates recommendations for approval by the United Nations General Assembly.  It is composed of 33 members; 11 members represent Governing Bodies, 11 members appointed by the chief administrative officers of the member organizations, and 11 members elected by participants in service.  In addition, there are 4 representatives of retirees on the Pension Board.

 Standing Committee

The Pension Board appoints a Standing Committee that has the power to act on behalf of the Board when the latter is not in session.  The Committee is composed of 15 members; 5 represent the Governing Bodies of the member organizations, 5 members appointed by the chief administrative officers of the member organizations, and 5 members elected by participants in service.  In addition, there are 2 representatives of retirees on the Standing Committee.

 Investments Committee

The Committee consists of 9 members (plus ad hoc members) appointed by the UN Secretary-General after consultation with the Pension Board and the UN Advisory Committee on Administrative and Budgetary Questions, subject to confirmation by the UN General Assembly.

 Committee of Actuaries

The Committee consists of 5 (plus ad hoc members) independent actuaries appointed by the UN Secretary-General upon the recommendation of the Pension Board.  The Committee advises the Pension Board on actuarial questions arising out of the operation of the Fund’s Regulations.

 Staff Pension Committees

Among its functions, by delegation from the Standing Committee, the staff pension committee in each member organization has the power to determine incapacity for the purpose of award of disability benefits.  Each Committee is composed of an equal number of members representing (i) the Governing Body, (ii) the chief administrative officer and (iii) the participants in service.

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