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

Public Employees Contributory Retirement Scheme (PECRS) Actuarial Valuation Report 31 December 2010

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 9 July 2012:

Decision Reference: MD-C-2012-0071

Decision Summary Title :

Public Employees Contributory Retirement Scheme (PECRS)

Actuarial Valuation Report as at 31 December 2010

Date of Decision Summary:

9th July 2012

Decision Summary Author:

 

Project Director - Pensions

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

Public Employees Contributory Retirement Scheme (PECRS)

Actuarial Valuation Report as at 31 December 2010

Date of Written Report:

9th July 2012

Written Report Author:

Project Director - Pensions

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject: Public Employees Contributory Retirement Scheme (PECRS) Actuarial Valuation Report as at 31 December 2010

Decision(s): The Chief Minister agreed to present to the States the Public Employees Contributory Retirement Scheme (PECRS) Actuarial Valuation as at 31 December 2010.

  1. Reason(s) for Decision: Under article 3 (3) of the Public Employees (Retirement) (Jersey) Law, 1967, an actuary, appointed by the Committee of Management of the Public Employees’ Contributory Retirement Scheme (PECRS) has to regularly review the operation of the fund and make a report to that Committee (who will then pass a copy to the Chief Minister) on the financial condition of the fund and the adequacy or otherwise of the contributions payable to support the pensions and other benefits payable under the Scheme.

 

  1. A copy of every report produced under article 3 (3) must be laid before the States as soon as may be after it is made (Article 3 (5) of the Law).

The report was signed by the Scheme Actuary on 23rd May 2012 and the Chief Minister is now able to lay the report before the States.

Resource Implications: There are no resource implications.

Action required: is requested to arrange with the States Greffe for the Report to be presented to the States at the earliest possible date.

Signature:

 

 

Position:

 

Senator I.J. Gorst  

Chief Minister

Date Signed:

Date of Decision (If different from Date Signed):

Back to top
rating button