– 70 – (2.3 – Pensions) R 559 Cost-of-living allowances to beneficiaries of the S.S. and B. Funds (C-1965) The Council, bearing in mind No. 262 of the International Telecommunication Convention, Nairobi, 1982, considering Resolution 2007 adopted by the United Nations General Assembly at its 19th Session, having examined the proposals by the Secretary-General contained in Document 3325/CA20, resolves that, with effect from 1 March 1965, cost-of-living allowances paid to the beneficiaries of the ITU Staff Superannuation and Benevolent Funds shall be recalculated in accordance with the method laid down in Document 3325/CA20. Ref.: Documents 3439/CA20 (1965), 4965/CA31 (1976), 6197/CA39 (1984). R 589 Cost-of-living allowances granted to beneficiaries of the ITU SS and B Funds (C-1966) The Council, in view of the provisions of the Montreux Convention, 1965, the Malaga-Torremolinos Convention, 1973 and the Nairobi Convention, 1982, considering Resolution 2122, adopted by the 20th Session of the United Nations General Assembly, resolves that, with effect from 1 March 1965, the cost-of-living allowances granted to beneficiaries of the ITU SS and B Funds shall be adjusted according to the index system used by the United Nations Joint Staff Pension Fund. Ref.: Documents 3605/CA21 (1966), 4965/CA31 (1976), 6197/CA39 (1984). R 1211 Statutory rate of interest of the ITU Staff Superannuation and Benevolent funds (C03/ADD) The Council, in view of the proposal by the Management Board of the ITU Staff Superannuation and Benevolent (SS&B) Funds, submitted by the Secretary-General (Document C03-ADD/6), considering that the yield on the investments of the Funds now easily covers expenditure and that the Management Board recommends that the statutory rate be eliminated,