The Special Payments Fund is a financial assistance fund for former ILO staff (or surviving spouses) who are United Nations Joint Staff Pension Fund beneficiaries. Assistance is based on financial need, in accordance with strict financial criteria that are set out in the terms of reference of the Special Payments Fund approved by the Governing Body. The annual report of the Board of Trustees of the Special Payments Fund was last considered by the Governing Body at its 335th Session (March 2019). The consideration of the annual report submitted to the Governing Body at its 338th Session (March 2020) was deferred due to the cancellation of that session. The Governing Body is invited to note the annual report of the Board, containing payments authorized for both 2019 and 2020, and to amend the terms of reference as proposed by the Board The proposed amendments are in the interest of administrative efficiency and clarity. They do not entail any additional cost (see the draft decision in paragraph 4).