UNGA Press Release: Welcoming Increased Market Value of United Nations Pension Fund Assets, Speakers at Fifth Committee Urge Action to Reduce Backlog in Payment to Beneficiaries

UNGA Press Release: Welcoming Increased Market Value of United Nations Pension Fund Assets, Speakers at Fifth Committee Urge Action to Reduce Backlog in Payment to Beneficiaries

14 November 2018

Attached for information is a press release by the UN General Assembly on the formal session of the Fifth Committee on 9 November 2018 relating to the UNJSPF.

https://www.un.org/press/en/2018/gaab4301.doc.htm

Extracts from Mr. Sudhir Rajkumar, Representative of the Secretary‑General for investments of the United Nations Joint Staff Pension Fund, Statement to the Fifth Committee highlighted in this press release are provided below. It is gratifying that our message to stakeholders that the “Fund cannot realistically expect to meet its [long-term] objective [of 3.5 % real return in USD terms] every quarter or every year” and that “It is in beneficiaries’ best interest that pension fund investments focus on the long term in the face of short‑term market volatility.” is being heard.

The entire Statement is also attached for your ready reference.