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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Public Employees Pension Fund (PEPF): Actuarial Valuation 2021

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A decision made 24 April 2023:

Decision Reference:  MD-CM-2023-245

Public

Subject: Public Employees Pension Fund (PEPF) Actuarial Valuation 2021

 

Report Title: Public Employees Pension Fund (PEPF) Actuarial Valuation 2021

Public

Decision(s):

The Chief Minister decided to agree to the recommendation of the Scheme Actuary that no adjustments are required to the Public Employees Contributory Retirement Scheme (Final Salary scheme) and Public Employees Pension Scheme (Career Average Scheme) benefits or contributions and that the Public Employees Pensions Fund Actuarial Valuation at 31 December 2021 be presented to the States Assembly.

Reason for Decision(s):

Under Article 3(3) of the Public Employees (Pension Scheme) (Funding and Valuation) (Jersey) Regulations 2015, the valuation must be presented to the Minister by the Committee before the expiry of 15 months after the valuation date, and the Minister shall lay a copy of the valuation before the States Assembly as soon as practicable thereafter.

Resource Implications: There are no financial implications arising from this decision.

 

Action Required: The Chief Minister's Private Office to request the Greffier of the States for the signed Public Employees Pension Fund (PEPF) Actuarial Valuation 2021 report to be presented to the States Assembly.

Signature:

 

 

Signed By: Deputy Kristina Moore, Chief Minister

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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