Ä¢¹½ÊÓÆµAT Held or Ä¢¹½ÊÓÆµDT Pronouncements
Ä¢¹½ÊÓÆµAT determined that by refusing to review the staff member¡¯s request, the Ä¢¹½ÊÓÆµJSPB had failed to properly exercise its jurisdiction pursuant to paragraph 26 of the PAS, whose very purpose ¡°is to address the issue of whether the application of official Consumer Price Index (CPI) data results in ¡®aberrant results¡¯ or the situation where no up-to-date CPI data is available¡±. Ä¢¹½ÊÓÆµAT upheld the appeal, vacated the decision of the Standing Committee of the Ä¢¹½ÊÓÆµJSPB to reject the staff member¡¯s request that the Ä¢¹½ÊÓÆµJSPF discontinue the local track in application of paragraph 26 of the PAS, and remanded the case to the Standing Committee.
Decision Contested or Judgment/Order Appealed
Ä¢¹½ÊÓÆµJSPF decision: The Applicant contested the decision not to ¡°discontinue¡± the ¡°local track¡±, in application of paragraph 26(c) of the Pension Adjustment System (PAS). The Standing Committee rejected the application, noting that under paragraph 14 of the [PAS], the Fund is required to use the official CPI rates for each country as published in the Ä¢¹½ÊÓÆµ Monthly Bulletin of Statistics.
Legal Principle(s)
The Pension Fund has the statutory jurisdiction, pursuant to paragraph 26 of the PAS, to discontinue or suspend the ¡°local track¡± currency for a particular country when it would lead to aberrant results.
Outcome
Outcome Extra Text
No relief ordered