The Financial report and audited financial statements for the year ended 31 December 2019 and the 2019 Report of the UN Board of Auditors have just been published on the UN Board of Auditors’ website.
Taking note of the unqualified audit opinion issued by the United Nations Board of Auditors, the Pension Board had approved the financial statements of the Fund for 2019 at its 67th session held in July 2020.
Below are the outlines of the 2019 Audited Financial Statements.
During the financial period ending 31 December 2019, there was an increase in the net assets available for benefits of $11,258.5 million (in 2018 there was a decrease of $3,589.9million). The increase was primarily attributable to investment income for the year.
Based on the actuarial valuation as of 31 December 2019, the present value of accumulated plan benefits with adjustments amounted to $59,829 million (without adjustments, the amount is $44,661 million), which was exceeded by net assets available for benefits of $72,034 million.
The contributions to the Fund amounted $2,688.9 million (2018: $2,457.2 million), reflecting an increase of $231.7 million (an increase of 9.4%) over the 2018 total contributions. Over the same period, benefit expense amounted to $2,700.0 million (2017: $2,669.6 million), reflected an increase of $30.4 million (an increase of 1.1%) over the 2018 amount.