UN Appoints Adeosun Into Pension Fund’s Investments Committee

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

UN’s Under-Secretary-General, Ms. Jan Beagle, who confirmed Adeosun’s appointment, disclosed that the Adeosun would serve a one-year term of office effective from January 1, 2018.

A statement on Sunday from the Special Adviser, Media & Communications to the Honourable Minister of Finance, Oluyinka Akintunde, quoted the UN’s chief as saying.

“On behalf of the Secretary-General, I have the honour to inform you that at the 55th plenary meeting of the seventy-second session of the General Assembly, the General Assembly decided to appoint you as an ad-hoc member of the Investments Committee for a one-year term of office, beginning from 1st January 2018,” Beagle said.

Upon the announcement of the appointment, congratulatory messages have been pouring in favour of the minister.

Among which is the Representative of the UN Secretary-General on the Investments Committee of the UNJSPF, Ms. Carolyn Boykin.

Boykin congratulated and welcomed her into the committee, saying, “I would like to take this opportunity to congratulate you on your appointment and wish you success in your work.”

The UNJSPF is a Fund that provides 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.

The UNJSPF 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 on the 23rd January 1949 making it a permanent retirement scheme.

It currently serves 23-member organizations, with 128,262 active participants and approximately 75,000 retirees in nearly 200 countries.
The Honourable Minister has accepted her appointment by the United Nations into the Investments Committee of the United Nations Joint Staff Pension Fund (UNJSPF).