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Information and public services for the Island of Jersey

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

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)
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