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Social Security Hypothecs (Jersey) Law 201-

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.

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A decision made 28 October 2013:

Decision Reference: MD-S-2013-0107

Decision Summary Title :

Social Security Hypothecs (Jersey) Law 201-

Date of Decision Summary:

25 October 2013

Decision Summary Author:

Strategy and Policy Director

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

NA

Written Report

Title :

Social Security Hypothecs (Jersey) Law 201-

Date of Written Report:

25 October 2013

Written Report Author:

Strategy and Policy Director

Written Report :

Public or Exempt?

Public

Subject: Social Security Hypothecs (Jersey) Law 201-

Decision(s): The Minister approved for lodging ‘au Greffe’ the appended Social Security Hypothecs (Jersey) Law 201-

Reason(s) for Decision:  The States approved the Long-Term Care (Jersey) Law 2012 in July 2011. P.99 – Long-term care scheme – has been lodged for debate on 19 November 2013 and summarises the policy proposals of the Minister for Social Security to bring the Long-Term Care Scheme into effect. Subject to the approval of P.99, this new Law will provide for a new form of legal hypothec to allow a loan to build up in respect of long term care costs and to be secured against the value of the family home.

Resource Implications: The development costs of the LTC scheme are being met through existing departmental budgets. Ongoing costs will be met through the LTC Fund itself. It is estimated that an additional 9.5 FTE will be required to administer the new scheme.

Action required: Strategy and Policy Director to request the Greffier of the States to lodge the Social Security Hypothecs (Jersey) Law 201- to be listed for the States sitting of 10 December 2013.

Signature:

 

 

Position:  Minister

 

Date Signed:

 

Date of Decision (If different from Date Signed):

 

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