The $67 Billion UN Pension Fund: The Good, the Bad and the Ugly
The UN pension fund for staff members has been mired in problems for years. Now, it is slow-walking reforms, says a close observer. Here, a scene at the UN General Assembly opening session, Sept. 28, 2019. CIA PAK/UN PHOTO
Since 2014, when staff members of the United Nations Pension Fund blew the whistle on serious mismanagement in its secretariat, a change in leadership has been made on both sides — assets and liabilities — of the $67.4 billion fund. Yet the turmoil persists.