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Jersey Teachers' Superannuation Fund: Board of Management Nomination

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A decision made 16 February 2012:

Decision reference: MD-C-2012-0017

 

Decision Summary Title :

Jersey Teachers’ Superannuation Fund – Board of Management Nomination

Date of Decision Summary:

26th January 2012

Decision Summary Author:

 

Project Director - Pensions

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

Jersey Teachers’ Superannuation Fund – Board of Management Nomination

Date of Written Report:

26th January 2012

Written Report Author:

Projects Director - Pensions

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject: Jersey Teachers’ Superannuation Fund - Board of Management Nomination

Decision(s): The Chief Minister agreed, on the recommendation of the Minister for Education, Sport and Culture, to approve the appointment of Mr Terence Augustine Le Sueur to the Jersey Teachers’ Superannuation Fund Management Board following the resignation of Mr Peter Robinson, to act as a representative for the Employer side.

Reason(s) for Decision:  Article 3 of the Teachers’ Superannuation Fund (Administration) (Jersey) Order 2007 gives the Chief Minister, the Minister for Treasury and Resources, and the Minister for Education, Sport and Culture the power to nominate two representatives from each Department to act  for the Employers’ side.

 

The Chief Minister is asked to approve the above person, recommended by the Minister for Education, Sport & Culture, who has the relevant experience to act in such a capacity as outlined in the attached report. This decision follows that of the Minister for Education, Sport & Culture (MD-ESC-2012-0001).

 

The current term of office for the Management Board finishes 31st December 2012.

Resource Implications: There are no resource implications.

Action required: Project and Research Officer to advise the Projects Director – Pensions of the Chief Minister’s decision.

Signature:

 

 

Position:

 

Senator I.J. Gorst, Chief Minister

Date Signed

 

Date of Decision (If different from Date Signed):

 

 

Jersey Teachers' Superannuation Fund: Board of Management Nomination

 

 

 

 

CHIEF MINISTER’S DEPARTMENT – CHIEF MINISTER

 

Jersey teachers’ superannuation fund – board of management nominations

 

  1. Purpose of Report

1.1.           The Chief Minister is asked to approve a nomination to the Board of Management of the Jersey Teachers’ Superannuation Fund.

  1. Background

2.1    Article 3 of the Teachers’ Superannuation (Administration) (Jersey) Order 2007 - requires the following – that membership of the Employer’s side of the Board of Management consists of six representatives in total, two to be recommended by the Minister for Treasury and Resources, two by the Minister of Education, Sport and Culture and two by the Chief Minister.             

 

  1. Comments
  1.              Following the resignation of Mr Peter Robinson, Mr Terence Augustine Le Sueur was approached about being nominated by the Education, Sport & Culture Minister in the above capacity:
  2.              Mr Le Sueur will be known to Members as a former States Member with particular experience in the field of pensions generally.   It is considered that he would bring experience to this role from a variety of perspectives.  Having previously been a member of the States Employment Board, and latterly its chairman, he will be aware of the employer's needs in this area. He has also been closely involved with two of the local private schools whose teaching staff are also members of JTSF.  His wife is a former teacher and is a beneficiary under the Scheme.

 

3.3             As President for several years of the Employment and Social Security Committee, and more latterly with the Treasury function, Mr Le Sueur has had many years practical experience in the analysis of actuarial advice and valuations relating to pension schemes, and is well up to date with current thinking in these matters. He was also involved as a political representative on various fund investment sub-committees.       Previously Mr Le Sueur spent many years as a practising Chartered Accountant before retiring in 2000.

 

3.4             The Minister for Education, Sport & Culture agrees that the nominee identified above has the requisite experience, skills and background to act in the capacity of representative of the Employer’s side of the Jersey Teachers’ Superannuation Fund Board of Management and approves their nominations accordingly.

 

4.        Recommendation

 

4.1 For the Chief Minister to approve the nomination of Mr Terence Augustine Le Sueur to the Jersey Teachers’ Superannuation Fund to act as a representative for the Employer’s side.

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