Public Employees Pension Fund & Jersey Teachers Superannuation Fund: Re-Appointment of Chairman

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A decision made 1 March 2019:

Decision Reference: MD-C-2019-0015
Decision Summary Title:	Public Employees Pension Fund and Jersey Teachers’ Superannuation Fund - Recommendation to the Chief Minister – Re-appointment of Chairman		Date of Decision Summary:
Decision Summary Author:	Project Director – Pensions		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Public Employees Pension Fund and Jersey Teachers’ Superannuation Fund - Recommendation to the Chief Minister – Re-appointment of Chairman		Date of Written Report:	February 2019
Written Report Author:	Projects Director – Pensions		Written Report : Public or Exempt?	Public
Subject: For the Chief Minister to agree to the re-appointment of the Chairman of the PEPS and JTSF and to agree the fee and reasonable expenses to be paid (as detailed in the attached report).
Decision(s): Following a recommendation by the Treasury Minister for the Chief Minister to re-appointment the Chairman of the PEPF and the JTSF and the fee and reasonable expenses to be paid to the Chairman following consultation with both Committees.
Reason(s) for Decision: Public Employees Pension Scheme Legislation Under the Public Employees (Pension Scheme)(Administration)(Jersey) Regulations 2015 the Chief Minister may extend the Chairman’s initial term of office by re-appointing the Chairman for a second term of office not exceeding 5 years or any subsequent term of office thereafter not exceeding 5 years. The Chairman must on appointment (or re-appointment, as the case may be), enter into a contract for services with the States Employment Board which must specify such fee and reasonable expenses to be paid to the Chairman out of the fund, as is determined by the Minister for Treasury and Resources in consultation with the Committee. Jersey Teachers’ Superannuation Fund Legislation Under the Teachers Superannuation (Administration)(Jersey) Order the Chairman of the JTSF shall be appointed by the Chief Minister on the recommendation of the Minister for Treasury and Resources. The fee to be paid to the Chairman from the assets of the Fund shall be decided by a simple majority of the member and employer representatives.
Resource Implications: None.
Action required: For the Administrator to advise the Projects Director – Pensions once this decision has been approved.
Signature:		Position: Senator J. Le Fondré Chief Minister
Date Signed:		Date of Decision: