Algorithmic RID base

Algorithmic RID base

3. The Advisory Committee notes from paragraph 18 of the current report that the Pension Board approved the actuarial assumptions recommended by the Committee of Actuaries to serve as the basis for the twenty fourth actuarial valuation, prepared as at 31 December 1997.

cbc means calculation base coefficient

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The UNIDO accounts are maintained on a fund accounting basis.

The statement on the actuarial position of the Fund, adopted by the Committee of Actuaries, is reproduced in annex V. In that statement, the Committee of Actuaries indicates that it had

D. Accounting standards for actuarial valuations of the Fund . 103 105 24

Actuarial position of the Fund as at 31 December 1997

Smart infrastructure can provide cost saving ways for municipalities to handle both infrastructure and social needs.

This is the calculator, it performs basic chemical calculations.

The Secretary of the Board provided frequent updates on the liability profile of the Fund in addition, information on the actuarial valuations and the assumptions used therein was provided to the Investments Committee periodically by the Rapporteur of the Committee of Actuaries and the Fund apos s Consulting Actuary.

Statement of actuarial position of the Fund as at 31 December 1997

These technical arrangements were the subject of discussions involving the Fund s Consulting Actuary, the Rapporteur of the Committee of Actuaries, the Consulting Actuary to WTO and the Secretary of the Board.

31 December 1997 . 14 37 4

V. STATEMENT OF ACTUARIAL POSITION OF THE FUND AS AT 31 DECEMBER 1997 113

A. Actuarial valuation of the Fund as at 31 December 1997

(b) Determination by the Fund apos s Consulting Actuary of the actuarial costs of the proposed agreement, based on the final list of persons to be covered

Based on the results of the most recent actuarial valuation, the Committee of Actuaries and the Fund's Consulting Actuary were of the opinion that the present contribution rate of 23.70 per cent was sufficient to meet the benefit requirements under the Plan.

The remaining actuarial assumptions, which are of a demographic nature, were derived on the basis of the emerging experience of the Fund, in accordance with sound actuarial principles.

The Fund apos s Consulting Actuary and the Committee of Actuaries took the view that the real rate of return assumption used in the actuarial valuations of the Fund would not be the appropriate interest rate, as it reflected an assumed average long term real interest rate.

(a) Administrative costs, which include the cost of salaries, related staff costs and operational costs of the Fund secretariat, the fees charged by the Consulting Actuary to the Fund for actuarial valuations and other services, and costs related to meetings of the Committee of Actuaries

On an elemental level, we have all felt that spirituality at the time of childbirth.

The budget proposal for 2008 2009 should be based on the final approved budget for 2006 2007.

Article 12 of the Fund apos s Regulations provides that quot the Board shall have an actuarial valuation made of the Fund at least once every three years by the consulting actuary quot .1 The primary purpose of the actuarial valuation is to determine whether the present and estimated future assets of the Fund will be sufficient to meet its liabilities.

Having considered the results of the actuarial valuation of the United Nations Joint Staff Pension Fund as at 31 December 2003 and the observations thereon by the Consulting Actuary of the Fund, the Committee of Actuaries and the United Nations Joint Staff Pension Board,

The philosophical and spiritual underpinnings of Indian society have historically imbued it with a high degree of tolerance.

(c) The reduced sample size of local Montreal employers used as a basis for the actuarial comparison, versus the salary survey sample of 20 employers

1. In the report of the twenty fourth actuarial valuation of the United Nations Joint Staff Pension Fund, the Consulting Actuary has assessed the actuarial sufficiency of the Fund, for purposes of determining whether there is a requirement for deficiency payments by the member organizations under article 26 of the Regulations of the Fund.

The EoC project stems from a spiritual humus that gives the EoC its identity and meaning.

The Committee of Actuaries indicated its intention to review the demographic and economic experience of the Fund over a number of years, for the purpose of formulating the assumptions to be recommended for use in the actuarial valuation of the Fund as at 31 December 1999.

quot the actuarial value of the assets exceeds the actuarial value of all accrued benefit entitlements under the Fund, based on our understanding of the Regulations of the Fund in effect on the valuation date.

Actuarial sufficiency of the Fund as at 31 December 1997

The midterm recalculation, like the initial calculation, is based on a 450 million regular programme resource base.

In fact, 34 per cent of the health budget is allocated to primary health care.

When the election becomes effective, the benefit payable to the former participant shall be reduced in accordance with actuarial factors to be determined by the Fund s Consulting Actuary.

When the election becomes effective, the benefit payable to the former participant shall be reduced in accordance with actuarial factors to be determined by the Fund apos s Consulting Actuary.

The United Nations Joint Staff Pension Board approved their statement on the actuarial position of the Fund.

Representatives stressed the need for basing the budget for 2006 2007 on realistic income estimates.

26. The various technical aspects of the process of determining the proportionate share were the subject of discussions involving the Fund apos s Consulting Actuary, the Rapporteur of the Committee of Actuaries, the Consulting Actuary to WTO and the Secretary of the Board.

6. As indicated in the table above, the actuarial value of assets exceeds the actuarial value of all accrued benefit entitlements under the Fund, based on our understanding of the Regulations of the Fund in effect on the valuation date.

(c) After their approval, the budget outline and strategic framework shall together form the basis for preparing the proposed programme budget

Actuarial matters

ACTUARIAL MATTERS

In particular, actuarial costings were prepared of various options that had been explored prior to the formulation of the proposed agreement, followed by separate costings of the proposed agreement under two implementation dates (1 January 1996 and 1 January 1997). These actuarial assessments were carried out by the Fund apos s Consulting Actuary at the expense of the Fund.