108. The single most important factor in building up housing mortgage financing in Iceland has been the development of the pension fund system.

Pension adjustment system

PENSION ADJUSTMENT SYSTEM

IX. PENSION ADJUSTMENT SYSTEM . 318 341 71

Improved financial controls and reporting systems.

The GEF annual report to the COP on its activities as the operating entity of the financial mechanism, the annual reports of the GEF and other relevant GEF policy and information documents

The operation of the system is regulated by the Law of 5 June 1997 On Private Pension Funds, effective as of 1 July 1998.

In many countries in the region, public pension schemes are pay as you go systems with the financial burden accumulating over time.

As was reported in working paper A AC.109 2004 10, paragraph 57, in December 2003 the Government replaced the non contributory pension system for public servants with a contributory scheme.

Under the pension adjustment system, the dollar pensions and, if applicable, the local currency pensions, were adjusted on an annual basis on 1 April.

Thereafter, the Committee will consider the Convention for the Suppression of Terrorist Bombing.

Financing the health system

International Financial System and Development

National financial and monetary systems

121. United Nations pension system

55 224. United Nations pension system

57 286. United Nations pension system

59 269. United Nations pension system

61 240. United Nations pension system

Conduct of periodic evaluations of the national financial system.

Kimberley Process Certification Scheme.

II. System of performance awards or bonuses

In accordance with the decision on the implementation of the Kimberley Process Certification Scheme adopted in 2002 in Interlaken (Switzerland) a periodic review of the scheme should be undertaken every three years.

Item 117 United Nations pension system

Improving governance of the international financial system

121. United Nations pension system (P.124).

11. United Nations pension system (D.121).

Article 23 An enterprise shall set up an internal fund al control system, clarify the conditions, power limits and procedures of fund al to raise, use and manage funds uniformly.

They are included in the system of old age and disability pensions.

UNRWA prepares its budget on a biennial basis, although operations are financed on an annual basis.

Implementation of targeted financial sanctions regimes is enhanced.

The General Schedule salary scale for the United States federal civil service in Washington, D.C., the current comparator, increased by 2.5 per cent on a gross basis, as from 1 January 2005.

However, when proposing salaries and assessing the competitiveness of United Nations common system salaries in relation to the United States Federal Civil Service, the ICSC secretariat did not include the health and pension benefits in their comparisons.

The simultaneous existence of the three tiers of the pension system ensures the long term stability of the pension system.

Since 1997, the general old age pension has been modified and now benefits both men and women.

The present international financial and monetary system

11. United Nations pension system (item 121).

In 1940 Latvia was occupied by the Soviet Union and centralised planning was introduced.

When new systems and applications were developed in the 1990s, the Fund had begun to pay additional charges.

Expenditures Annual Programme Fund

Expenditures Annual Programme Fund

(a) When proposing salaries and assessing the competitiveness of United Nations common system salaries in relation to the United States Federal Civil Service, the ICSC secretariat did not include the health and pension benefits in their comparisons.

Implementing the Kimberley Process Certification Scheme

One urgent task is to reform the pension system.

Total 2004 expenditures were 97 per cent of total funds available for the Annual Programme Fund.