Petition by FICSA, UNISERV and CCISUA federations:
17 July, the board of the UN Joint Staff Pension Fund will be asked to consider
new financial rules that pave the way to remove the Fund from the UN at a time that investments are being outsourced to banks and hedge funds. The proposed rules were published on 9
July, leaving the board insufficient time to properly consider a decision of
This comes as the pension fund CEO, Sergio Arvizu, has obtained new
flexibilities in how he manages his staff, giving him space to favour those who
turn a blind eye to internal rules and procedures and retaliate against those
who don't, thus further removing the fund from the UN.
Meanwhile newly retiring staff continue to wait months for their first pension
and a full investigation by OIOS into serious allegations made against the CEO
by his own staff (reported in the press) remains to be carried out.
Up to now our fund of 250 staff has operated effectively and conservatively
under the UN financial regulations. If the new rules are approved, it will
become difficult to prevent further outsourcing of investments to Wall Street. Many
other other public sector pension funds have lost money there.
Please click here to see the documents in question and find out more (http://www.ccisua.org/2016/07/11/save-pension-fund/)
It is important that the 33 members of the board, entrusted with our money,
listen to us. Twice the CEO has tried to increase is powers in the Fund and move it out of the UN, twice
You the staff have campaigned to block him. Now he is trying again, we need to
stand firm and defend our interests and our future.
We hope you will join our campaign to save our fund. Please sign this petition.
It is backed by the federations of staff unions of the UN Secretariat, funds
and programmes, and specialized agencies.
We call on the Board and the Secretary-General to:
- Refuse the new financial rules
that pave the way to remove the fund from the UN and allow further outsourcing of investments.
- Protect the independence of
fund staff by rescinding the new human resources policy.
- Pay new retirees on time.
Posted: 11 July 2016 (Updated: 18 July 2016)