As per Article 28 (a) of the UNJSPF Regulations a retirement benefit is payable to a participant whose age on separation is the normal retirement age (NRA) or more and whose contributory service was five years or longer.
Yes, a withdrawal settlement is different from a lump-sum. A withdrawal settlement extinguishes all other rights to any other future benefits.
Any retiree who elects to receive a benefit under Article 28 (Retirement benefit) or Article 29 (Early Retirement Benefit) has an option to partially commute their benefit into a lump-sum up to a maximum of 1/3 the actuarial equivalent of such benefit to be paid upon separation from service and the balance to be paid as a reduced monthly pension.
In accordance with article 31 of the UNJSPF Regulations, a withdrawal settlement is only payable to a participant whose age on separation is less than the normal retirement age (NRA), or if the participant is the normal retirement age or more on separation but is not entitled to a retirement benefit. Simply, you would be entitled to a withdrawal settlement if you are not entitled to a retirement benefit at the age of 60/62 when your contributory service was less than five years.
In accordance with article 31 of the UNJSPF Regulations, a withdrawal settlement is payable to a participant whose age on separation is less than the normal retirement age (NRA), or if the participant is the normal retirement age or more on separation but is not entitled to a retirement benefit.
The withdrawal settlement consists of:
As per Article 29 of the UNJSPF Regulations and Rules, for staff members who commenced or recommenced participation in the Fund:
No, there is no change to After Service Health Insurance (ASHI) eligibility. Details on ASHI can be found at: http://www.un.org/insurance/faq/who-eligible-after-service-health-insurance
Staff members who have retired from the Organization are only eligible for reemployment under a temporary appointment in accordance with the provisions of ST/AI/2010/4/Rev.1.
Staff members who have reached the mandatory age of separation on or before 31 December 2017 and are exceptionally retained in service beyond their mandatory age of separation will not have their MAS changed to 65. Their MAS will remain the same (60/62 years). At the end of the exceptional extension beyond retirement, they will be separated.
The General Assembly on several occasions has recalled the necessity for organizations to comply with Staff Regulation 9.2 on mandatory age of separation. Exceptions allowing retention of service beyond the mandatory age of separation (MAS) for a limited period of time should be rare and are monitored.
