FC 97/9 |
Ninety-seventh Session |
Rome, 17 - 22 September 2001 |
Liabilities for After Service Medical Coverage |
1. At its Ninety-sixth session in May 2001, the Committee had a brief preliminary discussion on a paper which had been prepared at its request to provide information on after service benefits and any further measures that could be taken regarding the accounting and funding arrangements for these liabilities. The secretariat outlined the progress made to date; the Director-General's preference to continue for the time being with the present accounting and funding arrangements for After-service Medical Coverage (ASMC); and the Director-General's proposal that the same funding mechanism for ASMC could be extended to cover the Termination Payments liability in the event that the liability for ASMC became fully funded one day. The Committee noted that an enabling Conference resolution would be needed to extend the ASMC funding mechanism to Termination Payments. Accordingly, the Committee decided to return to the subject at its next session.
2. In order to facilitate the Committee's review of the Director-General's above-mentioned proposal, a copy of the paper which was submitted to the Ninety-sixth Session is attached (FC 96/12). The Committee is requested to decide on the following:
Having considered the report of the Hundred and Twenty-first Session of the Council,
Having noted the unfunded liability for past services,
Having noted the progress made to date in funding the liability for After-Service Medical Coverage (ASMC) since the application of the Conference resolution 10/99,
Approves to extend the application of Conference Resolution 10/99 to cover the Termination Payments liability in the event that the liability for ASMC becomes fully funded, so that