Public Employees' Contributory Retirement Scheme (PECRS) annual report 2011
Produced by the
Treasury and Exchequer
Authored by
States of Jersey
and published on
05 Sep 2012
Prepared internally, no external cost
Summary
The PECRS 2011 annual report contains the following highlights:
- during 2011 the PECRS decreased in value by some £88 million to £1.25 billion at the year end
- the scheme holds 64% of invested assets in company stocks and shares (equities) with the balance invested in bonds, and property in the form of UK ground leases
- the most recent actuarial valuation, for the end of December 2010 signed off in May 2012, showed a surplus of £40.6 million
- the average annual pension paid from the PECRS last year was approximately £8,000
- in the last year the Dedicated Pensions Unit completed 85% of tasks within the service standards set in the Administration Agreement
Download PECRS annual report 2011 (size 696kb)
gov.je