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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

About the Social Security review

What we are doing

We have created a review to help set the direction of Jersey’s Social Security scheme and retirement income system for the next 30 years.

We want to understand how your pension fits in with other ways that people save for retirement.

This will need long term decisions and we will work closely with the long term vision that the government is developing.

You can read the original consultation document using the link below.

Download the Social Security review consultation paper (size 2.70mb) 

Consultation views so far

A report and summary of Islanders' views who responded to the first part of the Social Security review can be read below.

Social Security review questionnaire results

Why we need a review

People are now living much longer and healthier lives, meaning that more of us enjoy active lives into our 80s and 90s.

Although this a great achievement, it means we face new challenges. One of these challenges is making sure we have enough income and savings to look after ourselves after we have stopped working.

There are two parts to this review:

  • income during retirement
  • the Social Security scheme

Income during retirement

We need to understand your views on living longer and having a longer retirement so that we can play the right role in helping people to save for retirement in the future.

We need to decide:

  • how we should plan for these extra years
  • what role individuals, businesses and the government should play
  • what role the Social Security pension should play

Social Security scheme

Our Social Security scheme helps to protect you at times when you may be less likely to be able to earn a living.

The scheme currently pays benefits to you if you’re:

  • above the Social Security pension age
  • a new mother
  • ill
  • disabled
  • recently widowed

Although we have a range of benefits, 80% of them are paid out for pensions.

Social Security is a ‘pay as you go’ scheme, which means your contributions are not saved in your own pension pot.

Instead they are used to pay out the Scheme’s benefits, which is mostly the Social Security pension. Each generation relies on the next to pay for their Social Security pension.

Over the next 20 years, the number of people over 65 in Jersey will increase from 17,000
to 28,000, while the number of people under 65 will stay the same or increase slightly, depending on births, deaths and the number of people here.

This will mean that the number of working age people supporting each pensioner will fall, requiring changes in the way that the scheme works. Most other developed countries are also facing this challenge now.

2015 Social Security scheme

This is how the scheme looked in 2015.



2035 Social Security scheme

This is how the scheme will look in 2035.


Financial outlook

To find out about the financial outlook of the Social Security fund, read these reports from the UK Government Actuary's department.

Download review of the Jersey Social Security Fund as of 31 December 2015 (size 583kb) 

Download UK Government Actuary on the financial condition of the Social Security Fund (size 792kb)

Contact us

If you would like to give your views, or get further information or help, contact either Mark MacGregor or Sarah Le Monnier on +44 (0) 1534 445505.

You can also email.

Email Social Security review

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