reauested theSecretary toconsider waysinwhichthegrowthofadministrative costscouldbelimited. -31-2.Revised estimates ofexpenses for1985 119.Therevised estimates for1985,intheamountof$7,614,100, are$173,300 higherthantheapproved appropriations of$7,440,800. Ascanbeseenfrom annexIV,table1,administrative costsshowanincrease of$192,100 andinvestment costsanetdecrease of$18,800. 120.Theincreased requirements foradministrative costsrelateinthemainto established postsandrelatedstaffcosts($156,700) andtoadditional actuarial services ($30,000). Theamountof$156,700 fortheformerobjects ofexpenditure includes $149,~f,)O forthere-costing ofsalaries andcommon.staffcostsatthe revised 1985rates. The1985estimates wereoriginally basedonthestandard salarycostspromulgated bytheUnitedNations in1983foruseinthe1984-1985 proposed programme budget. Staff-related costshavenowbeenrecalculated according totheJanuary 1985standard salarycosts,whichhavebeenusedbythe UnitedNations inthepreparation ofthe1986-1987 proposed programme budget. The balance of$6,800represents resource growthfor1985,itreferstothe reclassification ofthepostoftheFund'scashier fromtheP-3totheP-4level, asdetermined bytheClassification Section oftheUnitedNations Officeof Personnel Services, afterithadreviewed thejobcontent ofthepost. 121.Therevised estimates forinvestment costsshowadecrease of$100,000 in advisory andcustodial fees,attributable tothelowerthanoriginally estimated marketvalueoftheFund'sinvestment portfolio towhichthosefeesare contractually linked. Thisdecrease hasbeenlargelyoffset, however, by additional requirements forestablished postsandrelated commonstaffcostsinthe amountof$85,600, whichcomprises $32,400 forthere-costing oftheposts,using theJanuary 1985standard salarycosts,and$53,200 inresource growth. Thelatter amountisanon-recurrent itemrelated totheseparation ofaninvestment officer attheP-5levelandtherecruitment ofanofficerattheP-3level,usingthe 50percentdelayed recruitment factor. 3.Estimates ofexpenses in1986-1987 122.Theestimates for1986-1987, intheamountof$16,995,700, arethefirst biennial estimates oftheFund'sadministrative expenses. Thesumtotalofthe appropriations for1984and1985,asinitially approved, was$14,163,900. A detailed comparison oftheapproved appropriations for1985withthoseforboth 1986and1987isgiveninannexIV,table2.Thestaffing tableproposed for 1986~1987 isgiveninannexIV,table3. 123.Thetotal1986-1987 estimates of$16,995,700 comprise $6,115,'400 for administrative costsand$10,880,300 forinvestment costs. 124.Theestimate of$6,115,400 foradministrative costsreflects anegative resource growthforthebiennium of$24,900 (at1985rates)attributable tolower requirements fortheacquisition andrentalofdata-processing equipment. Ascan beseenfromannexIV,table3,theproposed staffing tableisunchanged compared with1985. 125.Theestimate of$10,880,300 forinvestment costsincludes $935,000 inresource growth, ofwhich$900,000 relates toadvisory andcustodial feesandreflects the expected growthinthemarketvalueoftheFund'sinvestment portfolio towhich thosefeesarecontractually linked. -32-126.The(esource growthof$29,600 (at1985rates)forestablished postsand commonstaffcostsisforoneadditional General Service post,whichtheInvestment Management Sectionisseeking inordertostrengthen assistance toinvestment officers intheareasofinformation collection, documentation andthemaintenance ofcomputerized datafiles. 127.Theresource growthof$5,400(at1985rates)fortravelofstaffisrequested toenabletheInvestment Management Sectionstaff ~Qcarryoutmoreinvestment research insecurities markets invarious regions. I.Actuarial andfinancial implications ofthe Board's recommendations 128.Aswasstatedinparagraph 18above,implementation oftheBoard's recommendation thattherateofcontribution beraisedby0.75percenteffective 1January 1986willreducetheactuarial 'imbalance asrevealed bythevaluation ao at31December 1984to2.26percentoftotalpensionable remuneration. 129.TheBoard's acceptance ofthecontinued suspension in1986oftheoperation of theadjustment procedure inarticle 54(b)oftheRegulations (seepara.82above), andthealternative recommendations onlimiting themaximum accumulation of participants atthelevelofAssistant Secretary-General, Under-Secretary-General ortheirequivalent levels(seeparas.50-52above), andonthetransitional or interim measures forparticipants intheProfessional andhighercategories (see paras.68and74above),ifapproved bytheGeneral Assembly, willhaveno measurable actuarial implications fortheFund.Aswasstatedinparagraph 98
**Analysis**
This text appears to be related to the administration of an international organization, likely the United Nations, and discusses budget estimates and resource allocation for the years 1985 and 1986-1987. The text mentions salaries, staff costs, investment costs, and actuarial implications, suggesting that it is concerned with the financial management of the organization.

**Category**
International trade, Employment