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The United Nations Joint Staff Pension Fund - also known by its acronym UNJSPF in English or CCPPNU in French- was established in 1949 by the General Assembly of the United Nations to provide retirement, death, disability and related benefits for staff of the United Nations and the other organizations admitted to membership in the Fund.
UN pension is a retirement benefit provided to people who have worked directly for the United Nations organization. It is provided through the United Nations Joint Staff Pension Fund (UNJSPF) under Article 28 [1] of the Regulations, Rules and Pension Adjustment System of the United Nations Joint Staff Pension Fund (UNJSPF Rules).
Mandatory state pension fund: Voluntary individual pensions United Arab Emirates: No: Social insurance system: N/A: N/A United Kingdom: Basic pension: Social insurance system: Occupational schemes: Voluntary individual pensions: Stakeholder pensions; Group personal pensions; Self-invested personal pensions United States: Social assistance
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The United Nations Charter, in Article 17, established that "the expenses of the Organization shall be borne by the Members as apportioned by the General Assembly."As such on 13 February 1946, the General Assembly created a 10-member Committee on Contributions with the mandate to apportion UN expenses among members, make assessments for new members, hear appeals by members for a change of ...
It is important to distinguish between pension plan, funds and firm. A pension plan is a benefits program set up and sustained by an employer or an employee group. They are managed by state or private firms as well as pension funds. [6] Pension funds are financial mechanisms that provide retirement income for employees after their working life.
United Nations Deposit Taking Sacco Society (UN SACCO) Limited is a credit union founded in 1975 initially to provide banking services to United Nations employees in Kenya but has since expanded to serve staff of diplomatic missions and select international organization.
In April 2012, the Northern Mariana Islands Retirement Fund filed for Chapter 11 bankruptcy protection. The retirement fund is a defined benefit type pension plan and was only partially funded by the government, with only $268.4 million in assets and $911 million in liabilities. The plan experienced low investment returns and a benefit ...