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Report on Financial Condition of Social Security Fund

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 (29/09/2009) regarding: Report on Financial Condition of Social Security Fund as at 1 December 2006.

Decision Reference: MD-S-2009-0055

Decision Summary Title :

Report by the Government Actuary on the Financial Condition of the Social Security Fund as at 31st December 2006

Date of Decision Summary:

29 September 2009

Decision Summary Author:

Strategy and Policy Director

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

Report by the Government Actuary on the Financial Condition of the Social Security Fund as at 31st December 2006

Date of Written Report:

29 September 2009

Written Report Author:

Strategy and Policy Director

Written Report :

Public or Exempt?

Public

Subject: Report by the Government Actuary on the Financial Condition of the Social Security Fund as at 31st December 2006

Decision(s): The Minister decided to present a Report by the Government Actuary on the Financial Condition of the Social Security Fund as at 31st December 2006 to the States

Reason(s) for Decision: Article 32 of the Social Security (Jersey) Law 1974 requires the Minister to appoint an actuary to undertake a review of the operation of the law and to report to the Minister on the financial condition of the Social Security Fund. The UK Government Actuary has been appointed to undertake this review and has now reported the results of the review to the Minister.

Resource Implications: None.

Action required: States Greffe to arrange for the Report to be presented to the States at the earliest opportunity.

Signature: 

Position:

Minister

Date Signed: 

Date of Decision (If different from Date Signed):

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