Recommendation raised Comments received from Status as Status on actions taken by Italian court of Auditors Secretary-General at the time of reported by ITU Management by Management as evaluated by the issuance of the report Italian Court of Auditors I take note of this recommendation Please refer to the status updates for Possibilities to offset Negative Net Ongoing Rec. 9 and inform you that a process to recommendations 6 and 7 Assets 2012 We acknowledge the fact that perform a full actuarial review and We take note of the efforts made by Management is tackling some of the define different scenarios is in ITU Managements. points, for instance, there is the progress to evaluate corrective intention to increase the level of measures for diminishing the ITU contributions to SHIF (3.91%) unfunded ASHI obligation. as proposed in the draft budget and we recommend constantly evaluating if actions taken are indeed structural measures, aimed at decreasing the level of underfunding.
Recommendation raised by Italian court of Auditors Comments received from Secretary-General at the time of the issuance of the report Status as reported by ITU Management Status on actions taken by Management as evaluated by Italian Court of Auditors Rec. 9 2012 Possibilities to offset Negative Net Assets We acknowledge the fact that Management is tackling some of the points, for instance, there is the intention to increase the level of ITU contributions to SHIF (3.91%) as proposed in the draft budget and we recommend constantly evaluating if actions taken are indeed structural measures, aimed at decreasing the level of underfunding. I take note of this recommendation and inform you that a process to perform a full actuarial review and define different scenarios is in progress to evaluate corrective measures for diminishing the unfunded ASHI obligation. Please refer to the status updates for recommendations 6 and 7 Ongoing We take note of the efforts made by ITU Managements.