forty-first session oftheGeneral Assembly shouldcovernotonlythemethodology recommended byICSCin1984butalsopossible alternative approaches. 78.Asfortheprocedure fortheadjustment ofthescaleofpensionable remuneration fortheProfessional andhighercategories inbetween comprehensive reviews, theBoardisoftheopinion thattheadjustment procedure recommended by ICSCinparagraphs 51to53ofitsreporttotheGeneral Assembly atits thirty-ninth session 16/isconsistent withthemethodology underlying thescaleof pensionable remunerati,;n thatwasintroduced witheffect from1January 1985.The draftamendment ofarticle 54(~)oftheRegulations oftheFund,whichwas contained inannexIXtotheBoard's reporttotheGeneral Assembly atits thirty-ninth session was,similarly, consistent withthemethodology. 11/Inthis connection theBoardhasnotedthattheCommission maintains theviewexpressed lastyearoncontinuation oftheprocedure foradjustment ofpensionable remuneration between comprehensive reViews. 18/Insection 11,operative paragraph 5,ofresolution 39/246, theAssembly "suspend[ed] theoperation ofthe adjustment procedure inarticle 54(~)oftheRegulations ofthe[Fund]and defer[red] untilitsfortieth session further consideration oftherecommendation ofthePension Boardregarding amendment ofthesaidarticle". 79.Itstandstoreasonthatanyadjustment systemmustbeconsistent withthe methodology underlying thecalculation ofthepensionable remuneration scalethat istobeadjusted through theapplication ofthatsystem. Consequently, before further consideration canbegiventotherecommendation madebythePension Board in1984,onemustknowwhether themethodology employed bytheCommission in1984 istoberetained -foriftheCommission, inco-operation withtheBoard, recommends adifferent methodology totheGeneral Assembly atitsforty-first session, itmaybenecessary fortheBoardtosubmitanamended textof article 54(E).Inthosecircumstances 'itwouldbepremature fortheGeneral Assembly atitsfortieth session toproceed withthefurther consideration ofthe Board's 1984recommendation. 80.Asisstatedinparagraph 78above,theoperation oftheadjustment procedure inarticle 54(~)hasbeensuspended bytheGeneral Assembly. TheBoardpointsout thatapension systemthatprOVides fortheautomatic adjustment ofbenefits in -23-ms )gyp~yment forcost-of-living changes, alsorequires aprovlslon fortheautomatic and appropriate adjustment ofthepensionable remuneration scalesinbetween comprehensive reviews; inasystemthatreliedonadhocadjustments ofthose scales, pensionable remuneration wouldtendtolagbehindcost-of-living changes andtheinflowofadditional contributions intotheFundwouldbecorrespondingly reduced. Furthermore, asituation wherethescaleofpensionable remuneration is heldbackwhilebenefits inpayment continue tobeadjusted willleadto differences inthebenefits ofparticipants retiring ondifferent dates: later retjlrees willgetsmaller benefits thanthosewhohadretiredearlier andwho,in themeantime,hadbenefited fromcost-of-living adjUstmen~s. of :le is t I:d 48l~AtthesametimetheBoardwasawarethattheCommission haddecided to recommend totheGeneral Assembly arangeof10to20percentforthenetmargin between UnitedNations andUnitedStatesremuneration, andthatapproval ofthat recommendation bytheAssembly wouldentailafreezing ofthepostadjustment classification ofNewYork(andconsequently alsoofotherdutystations) in1986; inthecircumstances theCommission wasrecommending thatuntilthenextclassof postadjustment wasgranted toNewYork,thereshouldbenoincrease inthescale ofpensionable remuneration fortheProfessional andhighercategories. 12/ 82.Bearing inmindtheCommission's recommendations, ontheonehand,and,onthe other,theadverse effectofafreezing ofpensionable remuneration scalesonthe pension system(seepara.80above), theBoardagreedthatitcouldacceptthe continued suspension in1986oftheoperation oftheadjustment procedure in article 54(E)oftheRegulations oftheFund.Thesuspension couldapplytothe adjustment ofthescalesofpensionable remuneration bothforcomputing thefinal average remuneration (and,thus,forthecalculation ofbenefits) andfor establishing contributions totheFund.Inconnection withthelatter, theBoard wasinformed .bytheconsulting actuary thatthesuspension oftheadjustment for twoyears(1985and1986)wouldhavenomeasurable effectontheactuarial balance oftheFund,butthatthereafter theeffectwouldbenoticeable, particularly on cashflow. 6.Composition oftheBoard
**Analysis**
The text appears to be discussing the management of a pension fund, specifically the adjustment of pensionable remuneration scales and the impact of freezing these scales on the pension system. The language used is formal and technical, suggesting a bureaucratic or administrative context. The text also mentions the United Nations and the International Civil Service Commission (ICSC), which further suggests an international organization or government agency setting.

**Category**
Employment, International trade