Adeosun Joins UN Pension Fund Investments Committee

By Modupe Gbadeyanka

Nigeria’s Finance Minister, Mrs Kemi Adeosun, has been appointed by the United Nations into the Investments Committee of the United Nations Joint Staff Pension Fund (UNJSPF).

A statement issued by the Ministry of Finance on Sunday afternoon, which confirmed the appointment, disclosed that Mrs Adeosun’s appointment took effect from January 1, 2018.

The Minister, who has accepted her appointment, is expected to serve a one-year term of office as an ad-hoc member of the committee.

“On behalf of the Sec-Gen, I have the honour to inform you that at the 55th plenary meeting of the 72nd session of the General Assembly, the GA decided to appoint you as an ad-hoc member of the Investments Committee for a one-year term of office, beginning 1st Jan, 2018,” UN Under-Secretary-General, Jan Beagle, said in a letter to Mrs Adeosun.

UNJSPF is a Fund that provides the UN pension, death, disability and the other related benefits for staff of the United Nations and the other organizations admitted to membership in the Fund.

It is a multiple employer defined benefit plan and governed by the United Nations Joint Staff Pension Board (UNJSPB), the Staff Pension Committee for each member organization, and a secretariat to the UNJSPB and to each such committee.

The Fund was established through UN General Assembly resolution 248 (III) (passed December 1948) which came into effect 23rd January, 1949.

It currently serves 23 member organizations, with 128,262 active participants and approximately 75,000 retirees in nearly 200 countries.