Update of UN Pension Fund Following GA's Annual Resolution on Pension Matters : Rosemarie McClean / Pedro Guazo UNJSPF
Pour la version française voir ci-dessous 31 December 2020 Message from Rosemarie McClean and Pedro Guazo on the UN Pension Fund Dear Participants, dear Retirees and Beneficiaries, As 2020 comes to an end, we wanted to provide you with an update on the Fund as the UN General Assembly (UNGA) has just adopted its yearly resolution on pension matters*. First, let us stress that the Fund is in very good shape. After the start of the COVID-19 pandemic, pensions have continued to be paid on time and the rate of processing initial pension cases within 15 days has been kept at over 90%, even though most of our Staff have been working remotely since March 2020. Today the preliminary market value of the UNJSPF assets is more than US$80 billion. This is 11% higher than the value at the end of 2019, placing us well above the long-term real rate of return goal of 3.5%. The UNJSPF is fully funded, a privilege that not every pension fund has, with a 107.1% actuarial funding ratio at the e