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UPDATE ON THE FUNDS ACTIVITIES PRESENTED TO AFICS (NY) BY MR. BERNARD COCHEMÉ (CEO, UNJSPF) 7 June 2012.

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Presentation on theme: "UPDATE ON THE FUNDS ACTIVITIES PRESENTED TO AFICS (NY) BY MR. BERNARD COCHEMÉ (CEO, UNJSPF) 7 June 2012."— Presentation transcript:

1 UPDATE ON THE FUNDS ACTIVITIES PRESENTED TO AFICS (NY) BY MR. BERNARD COCHEMÉ (CEO, UNJSPF) 7 June 2012

2 Table of contents A. Decisions taken by the General Assembly B. Update on the Funds activities I. Overview II. Update on investments (By W. Sach, Representative of the SG for investments) III. Update on operations IV. Comments on the Funds Balance C. Conclusions D. Important meetings E. Main items on the Agenda of the 59th session of the Pension Board (UNESCO-Paris, 3-11 July 2012) 2

3 A. Decisions Taken by the General Assembly The General Assembly approved : The General Assembly approved : all of the Pension Boards recommendations concerning the budget, with the exception of post-related re-costing. The General Assembly authorized: the Fund to continue to apply the Financial Regulations and Rules of the United Nations mutatis mutandis to its accounting processes and financial reporting in a manner that allows the Fund to be compliant with the International Public Sector Accounting Standards (IPSAS) by 1 January 2012; 3

4 Table of contents A. Decisions taken by the General Assembly B. Update on the Funds activities I. Overview I. Overview II. Update on investments (By W. Sach, Representative of the SG for investments) III. Update on operations IV. Comments on the Funds Balance C. Conclusions D. Important meetings E. Main items on the Agenda of the 59th session of the Pension Board (UNESCO-Paris, 3-11 July 2012) 4

5 "First, I want to give you an overview of what I will tell you over and over again during the entire presentation."

6 I) Overview Market value of assets: $39.7 billion (31 December 2011) Benefit payments: $2.130 billion (31 December 2011) Contributions received: $2.140 billion (31 December 2011) Investment income: $1.484 billion (31 December 2011) Dividend income: $671.9 million (31 December 2011) Interests $461.8 million (31 December 2011) Profit on sales of investments $263 million (31 December 2011) Number of active participants: 120,774 (31 December 2011) Periodic benefits in award : 65,387 (31 December 2011) Actuarial situation: Deficit of 0.38 per cent of pensionable remuneration as of 31 December

7 Table of contents A. Decisions taken by the General Assembly B. Update on the Funds activities I. Overview II. Update on investments (By W. Sach, Representative of the SG for investments) III. Update on operations IV. Comments on the Funds Balance C. Conclusions D. Important meetings E. Main items on the Agenda of the 59th session of the Pension Board (UNESCO-Paris, 3-11 July 2012) 7

8 III) Update on Operations 1) Participants 2) Benefits in Payment 8

9 Decrease of 0.3% of the number of participants from 31 December 2010 through 31 December 2011 Growth of approximately 50% in last 10 years 9 1) Participants

10 2) Benefits in Payment (1/2) Growth of approximately 32% in last 10 years 10

11 2) Benefits in Payment (2/2) December 2011 payroll by Currency 11 US Dollar, Euro and Swiss Franc represent 94% of all benefit payments

12 Table of contents A. Decisions taken by the General Assembly B. Update on the Funds activities I. Overview II. Update on investments ( By W. Sach, Representative of the SG for investments) III. Update on operations IV. Comments on the Funds Balance C. Conclusions D. Important meetings E. Main items on the Agenda of the 59th session of the Pension Board (UNESCO-Paris, 3-11 July 2012) 12

13 IV) Comments on the Funds Balance 1) Short Term 2) Long term 13

14 During 2011, the Fund received contributions in the amount of billion USD and made nearly billion USD benefit payments. 14 1) Short term (1/2) Benefit Payments and Contribution Income

15 1) Short term (2/2) Contribution income: $2,140 million Investment income: $1,484 million Benefit Payment: $2,130 million Dividend income: $671.9 million Profit on sales of investments: $263 million Interests income: $461.8 million


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