above,theactuarial implications oftheproposed amendment ofarticle 40(£)(ii) cannotbeestimated inadvance, asthereisnoinformation ontheextenttowhich theoption maybeutilized) however, theyarelikelytobeextremely small. 130.Asregards thefinancial implications oftheBoard's recommendations forthe membe~organizations, theincrease intheorganizations' rateofcontribution from 14.5to15per.cent (i.e.by0.5percent)wouldcostallthememberorganizations takentogether atotalofapproximately $8.8million ayear(basedontotal pensionable remuneration of$1,767.4 million asat1January 1985). 131.Inparagraph 82aboveitisstatedthattheBoardhasaccepted thecontinued suspension in1986oftheoperation oftheadjustment procedure inarticle 54(b) oftheRegUlations oftheFund.Iftheadjustment procedure remains suspended Tn 1986,theamountoftheorganizations' contributions totheFundwillbelessthan wouldhavebeenthecaseotherwise. Assuming anadjustment of6percent(i.e.at therateassumed inthe"regular" actuarial valuation), andbearing inmindthat theeffective dateoftheadjustment wouldhavebeen1April1986,thesavings to thememberorganizations, takentogether, in1986willbeoftheorderof $8~il1ion. 132.Thenetadditional costin1986forallmemberorganizations takentogether wouldthusbeapproximately $800,000. Theextracosttotheorganizations in1987, assuming a6percentadjustment ofthe~calesofpensionable remuneration forthe yearasawhole,wouldbeoftheorderof$9.3million. Thus,theextracostof theincrease intherateofcontribution, partlyoffsetbysavingsattributable to thecontinued suspension in1986oftheoperation oftheadjustment procedure in article 54(~)oftheRegulations, wouldbeapproximately $10.1million forthe biennium 1986-1987 forallthememberorganizations takentogether. -33-I '133.InannexXbelowtheBoardsubmits adraftresolution togiveeffecttothe various recommendations contained inthisreport. Notes !IOfficial Records oftheGeneral Assembly, Thirty-eighth Session, Supplement No.9(A/38/9), paras.12etseq. 1/.!..!ll.2.,'Thirty-ninth Session, Supplement No.9(A/39/9), paras.94-97. 1/.!..!ll.2.,Thirty-eighth Session, Supplement No.9(A/38/9), para.17. !/~.,para.27;Thirty-ninth Session, Supplement No.9(A/39/9), para.58. 21~.,Thirty-seventh Session, SUpplement No.9(A/37/9), para.21; Thirty-eighth Session, Supplement No.9(A/38/9), para.29;Thirty-ninth Session, Supplement No.,9(A/39/9), para.58. ~Thepercentages inparagraphs 20and21differsomewhat fromthosegiven inthetableinparagraph 59oftheBoard's reportfor1984(Official Records of theGeneral Assembly, Thirty-ninth Session, Supplement,No. 9(A/39/9». The differences areattributable totheuseofthe31December 1984dataand assumptions, whereas thepercentages inthereportfor1984werebasedonthedata andassumptions usedintheactuarial valuation asat31December 1982. 1/Official Records oftheGeneral Assembly, Thirty-ninth Session, Supplement No.9(A/39/9), paras.17-19. !I~.,paras.34-37. 21Participants whojointheFundafter31December 1982canhaveamaximum accumulation after35yearsof66.25percent.However, thatmaximumispurely theoretical atthisstageintime. !Q!Official Records oftheGeneral Assembly, Thirty-ninth Session, Supplement No.9(A/39/9), para.43. !!!~.,para.73. ll/ ~., Supplement No.30(A/39/30 andCorr.land2),para.47. 13/Toextendtheprotection toallparticipants inservice on 31December 1984wouldproduce ab~rrant results. Foritwouldmean,forexample, thatanUnder-Secretary-General withthreeyearsofcontributory serviceatthat levelwouldhaveafinalaverage remuneration floorof$131,234, whereas a colleague withonemonthofparticipation intheFundwouldhaveafloorof $140,032. 14/Official Records oftheGeneral Assembly, Fortieth Session, SURplement No.30(A/40/30). 111!E!2.,para.31. -34-l- i J~'~-~._IIil\liII----------~-ilI3.;:;;;;b IiIill"lillIJd!IliHIiiS*i1_iit_ ...!l!IiW!""'~"".a<.!l' ..... Notes(continued) !21~.,Thirty-ninth Session, Supplement No.30(A/39/30 andCorr.land2). !11~.,Sueplement No.9(A/39/9). !!I~.,Fortieth Session, Supplement No.30(A/40/30), para.42. !21~.,paras.37-39. ~Suchparticipants wouldnaturally notbeeligible foraretirement or earlyretirement benefit. 111Official Records oftheGeneral Assembly, Tbirth-ninth Session, Sueplement No.9(A/39/9), para.129. . Will,2,. W!2!2.. l!I~.,Fifteenth Session, Annexes, agendaitem63,document A/4427, para.54. [ :1 -35-!_. -J IiIir11IiI_.lr.~ilin!il:lillf.·il.*,,_iiilll) Itn.·.1fl~Ii7'2jliii'jJii·ieiii*;"'~N·~llilriilliiii&.i.'Il.,;i_;'ii:W'I~:·*."'~~~ ·~"'i.fIJt;I':""iii'tt'rit·ilri 1IIil;1Ii1""6"rf"''Jw''riliilill· ..fEfmiiiTiiiirTii~ ANNEX1 \. Statistics ontheOperations oftheFundfortheyearended
**Analysis**
The text appears to be discussing the financial implications of a proposed amendment to an article in the Regulations of the Fund, which is likely related to a pension fund or retirement system. The language used is technical and focused on financial calculations, suggesting that the topic is more specific and technical in nature.

**Category**
Employment, Finance