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Public Employees Pension Fund (PEPF): Approval of 2020 Budget

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made on 15 November 2019

Decision Reference:  MD-TR-2019-0110

 

Decision Summary Title:

Public Employees Pension Fund (PEPF) Budget 2020

Date of Decision Summary:

13th November 2019

Decision Summary Author:

Head of Shared Services

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Public Employees Pension Fund (PEPF) Budget 2020

Date of Written Report:

13th November 2019

Written Report Author:

Head of Shared Services

Written Report :

Public or Exempt?

Exempt

Article 33

Subject: Approval of the 2020 Budget for the Public Employees Pension Fund (PEPF)

Decision(s): The Minister decided to approve the 2020 Budget for the Public Employees Pensions Fund (PEPF)

Reason(s) for Decision:

Public Employees (Pensions Scheme) (Administration) (Jersey) Regulations 2015, Regulation 9 (4) requires that the Minister for Treasury and Resources must approve the draft budget under paragraph (1) (a) by no later than the end of the financial year preceding the financial year to which the draft budget relates.

 

Resource Implications: There are no financial implications for the Government of Jersey.

Action required: The Head of Financial Governance to notify the Head of Shared Services once the decision has been signed.

Signature:

 

 

 

Position: Deputy S J Pinel,

Minister for Treasury and Resources

                

 

Date Signed:

Date of Decision:

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