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 Jerseygov.je

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:

  • gov.je

    Update your notification preferences

  • one.gov.je

    Access government services

  • CAESAR

    Clear goods through customs or claim relief

  • Talentlink

    View or update your States of Jersey job application

Jersey Teachers' Superannuation Fund (JTSF): Actuarial Valuation Report as at 31 December 2013

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 27 February 2015:

Ministerial decision reference    MD-C-2015-0030

Decision summary title   Jersey Teachers’ Superannuation Fund (JTSF)

Decision summary author

Project Director, Pensions

Is the decision summary public or exempt?  

Public

Report title   Jersey Teachers’ Superannuation Fund (JTSF) Actuarial Valuation Report as at 31 December 2013

Report author or name of

person giving report

Project Director, Pensions

Is the report public or exempt?

Public

Decision and reason for the decision

The Chief Minister decided to lay before the States the Jersey Teachers’ Superannuation Fund (JTSF) Actuarial Valuation at 31st December 2013.

  1. Under article 3 (12) of the Teachers’ Superannuation (Jersey) Law 1979, the Management Board of the Jersey Teachers’ Superannuation Fund (JTSF), the Scheme Actuary shall review the operation of the fund in respect of –

a)    each 5 year period beginning on the 1 September 1986; or

b)   each period, of less than 5 years, that the Minister may, after consultation with the Management Board, determine.

  1. Under Article 13 (3) of the Law, on each review under paragraph (12), the Actuary shall make a report to the Minister, the Minister for Treasury and Resources and the Management Board on –

a)    the financial condition of the Fund; and

b)   the adequacy or otherwise of the contributions payable under this Law to support the pensions and other benefits payable under this Law.

  1. A copy of every report produced under paragraph (13) shall be laid by the Minister before the States as soon as is practicable after it is made. 
  2. The report was signed by the Scheme Actuary on 7th January 2015 and the Chief Minister is now able to lay the report before the States.

Resource implications

There are no financial or staffing implications.

Action required

The Project Director – Pensions is requested to arrange with the Greffier of the States the presentation of the Report to the States at the earliest possible date.

Signature

 

 

 

 

Position

 

Senator I J Gorst

Chief Minister

 

 

 

Date signed

Effective date of the decision

Back to top
rating button