Funded ratios, 1982 1997

Resource growth at revised 1997 rates

a Salary costs are based on the 1999 rates.

Since 1 January 1985, the interest (discount) rate established by the Board for the lump sum commutations of periodic benefits under article 28 (g) of the Regulations of the Fund has remained at the annual rate of 6.5 per cent.

In July 2005, the International Monetary Fund (IMF) reported that the economy grew at a rate of 7.5 per cent in 2004 05.

Table 2

The Fund apos s real estate investments outperformed both bonds and cash during the biennium, with a total return of 8.6 per cent for the year ending 31 March 1997 and 18.9 per cent for the year ended 31 March 1998.

Amount Rate ( )

Meanwhile, interest rates on bank loans to nonfinancial enterprises remain close to 7 , despite having fallen slightly over the last year. And, in the second quarter of this year, the annualized interest rate on loans to small nonfinancial corporations surpassed 25 .

(f) The benefit shall be payable at periodic intervals for life, provided that a benefit payable at an annual rate of less than 200 dollars may be commuted by the widow into a lump sum which is the actuarial equivalent of the benefit at the standard annual rate under (c) above, or the annual rate under (e) above, as the case may be.

principal and interest

Salaries of international staff are based on the 1997 standard cost rates for New York.

Salaries of internationally recruited staff are estimated on the basis of the 1998 standard cost rates for New York and local salaries reflect the scale currently applicable in the mission area.

The benefit shall be payable at periodic intervals for life or until remarriage, provided that a benefit payable at an annual rate of less than 200 dollars may be commuted by the widow into a lump sum which is the actuarial equivalent of the benefit at the standard annual rate under (c) above, or the annual rate under (e) above, as the case may be.

The benefit shall be payable at periodic intervals for life or until remarriage , provided that a benefit payable at an annual rate of less than 200 dollars may be commuted by the widow into a lump sum which is the actuarial equivalent of the benefit at the standard annual rate under (c) above, or the annual rate under (e) above, as the case may be.

The Office of the United Nations High Commissioner for Human Rights should be given substantially more resources for this purpose.

(c) Fixing rent rates.

From 1 July 1987 by 3.03 per cent (Pension Adjustment Act 1987 dated 19 December 1986 in conjunction with the Ordinance to Amend the Pension Adjustment Rate 1987 dated 7 April 1987)

Currently, the benefit is terminated upon the remarriage, with the payment of a lump sum settlement corresponding to twice the annual rate of the benefit.

Golden Ratio

All pensions are, as a matter of principle, periodically adjusted in accordance with the rate of inflation in the country.

Based on rental rates charged to specialized agencies, the total estimated rental costs, for the year 1999, would be 708,400.

The Committee noted that MERs used for the purposes of the scale are generally annual averages of rates communicated to IMF and published in International Financial Statistics.

(n) Reserve for exchange rate fluctuations

(xi) During the biennium 1996 1997, the distribution of interest income was calculated using the percentage participation of each fund at the end of the year for 1996 and on the quarterly fund balances for 1997.

2. Staff assessment rates vis à vis local taxes

Over the past 20 years, the first component of the benchmark, the Morgan Stanley Capital International World Index, had achieved a total annualized return of 14.6 per cent compared to 14.1 per cent achieved by the Fund apos s total equities. The second component, the Salomon Brothers World Government Bond Index, had achieved a total annualized return of 9.9 per cent compared to a total annualized return of 10.9 per cent achieved by the Fund apos s bond portfolio.

(c) In the case of a person who is not employed by the United Nations for the whole of a calendar year or in cases where there is a change in the annual rate of payments made to a staff member, the rate of assessment shall be governed by the annual rate of each such payment made to him or her

That is the result of a 1996 average interest rate of 5.4 per cent on an average cash balance of 36.0 million for general purpose funds and 33.0 million for special purpose funds.

211. With regard to the updating of the common staff assessment scale, UNJSPB recommended and the Commission agreed that the scale should be updated, as necessary, every two years, based on tax changes at the seven headquarters duty stations.

Rental and maintenance of premises

213. The Secretary of UNJSPB observed that the Pension Board had recommended the biennial review cycle for updating of the common staff assessment scale.

The annual birth rate is 24.46 births per 1,000 population and the annual death rate is 3.39 deaths per 1,000 population.

(b) The interest rate to be credited on payments made to the proposed WTO pension plan from the fund and vice versa, after 1 January 1999, would be the rate on three month United States Treasury Bills

UNICEF reports that the mortality rate for children under one year of age, which was 113 per thousand in the 1970s, dropped to 90 per thousand in the 1980s but rose to 135 per thousand by 1994.

The staff assessment decrease, as shown in column 5 of the table above, is explained by the reduction in staff assessment rates by 20 per cent, as proposed in the report of the International Civil Service Commission for the year 20051 effective 1 January 2006.

According to International Monetary Fund (IMF) forecasts, its gross domestic product (GDP) would grow by an estimated 36 per cent in 2006 the highest GDP growth rate in the IMF countries.

The estimates for the biennium 1998 1999 are based on the assumption that the interest rates will continue at the October 1996 rate of 5.2 per cent, with an average biennial cash balance of 22.0 million for general purpose funds and 23.0 million for special purpose funds.

More than 65,000 young people have been given loans from the Credit Fund and the realization of loans is nearly 89 per cent.

Salaries of internationally recruited staff are based on the 1998 1999 standard cost rates for New York.

UNCDF visibility in the area of service delivery in rural areas was strengthened by a number of activities, including its co hosting of the Conference on Pro Poor Service Delivery and

(c) The benefit may be commuted by the participant into a lump sum if the rate of the benefit at the normal retirement age is less than 300 dollars. Such commutation shall be equivalent to the full actuarial value of the benefit.

Annual rate Jobs lost

Adjustment of staff assessment rates

COMMON STAFF ASSESSMENT SCALE