Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of

Information and public services for the Island of Jersey

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

  • Choose the service you want to log in to:


    Update your notification preferences


    Access government services


    Clear goods through customs or claim relief

  • Talentlink

    View or update your States of Jersey job application

Pension scheme funding (FOI)

Pension scheme funding (FOI)

Produced by the Freedom of Information office
Authored by Government of Jersey and published on 20 May 2019.
Prepared internally, no external costs.


The government of Jersey administers two public service pension funds:

  • the Public Employees’ Pension Fund (PEFP)

  • the Jersey Teachers Superannuation Fund (JTSF)

Are these funds fully funded? Put another way, will there be any need for a fund top up from the States in the next five years?


The Scheme Actuary for the public service pension schemes undertakes an actuarial valuation of the Funds at least every three years. This provides an independent assessment of the funding level of the pension funds. The latest actuarial valuations were undertaken as at 31 December 2016 and are available at the following links:

PEPF Actuarial Valuation 2016

JTSF Actuarial Valuation 2016

The public service pension schemes in Jersey are not traditional balance of cost defined benefit schemes and there is no requirement for the Government of Jersey to increase its contribution into the pension schemes due to a past service funding deficit being declared at an actuarial valuation.

In 2015, the Public Employees Pension Fund (PEPF) was reformed with the aim of making it sustainable for the long term. The Final Salary Scheme was closed to new entrants at the end of 2015 and over 5,000 public servants are now accruing pensions based on career average earnings within the Career Average Scheme. Employee and employer contributions into the Fund are increasing over the next 3-5 years in line with the plan, agreed in 2015, to deliver a sustainable public service pension scheme for the long term.

Back to top
rating button