Public Employees (Contributory Retirement Scheme) (General) Regs

Information about the publication of Ministerial Decisions

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demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision
providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

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A decision made (12.03.07) to approve the draft Public Employees (Contributory Retirement Scheme) (General) (Amendment No. 9) Regulations.

Subject:	Public Employees (Contributory Retirement Scheme) (General) (Jersey) Regulations 1989
Decision Reference:	MD-C-2007-0014		Exempt clause(s):	N/A
Type of Report: (oral or written)	Written		Person Giving Report (if oral):	N/A
Telephone or e-mail Meeting?			Report File ref:	MB/CMD/HRD/S2t
Written report – Title	Amendments to General Regulation 9
Written report – Author (name and job title)	Maureen Byron Senior Human Resources Manager
Decision(s): The Minister approved the draft Public Employees (Contributory Retirement Scheme) (General) (Amendment No. 9) (Jersey) Regulations 200- and agreed that they be lodged au Greffe for debate at the earliest opportunity.
Reason(s) for decision: To ensure that a Terms of Admission Document, issued when an employer is granted admitted body status into the Public Employees Contributory Retirement Scheme (PECRS), will contain statutory duties on the part of the Chief Minister, the Committee of Management of the PECRs, the actuary and the employer to whom the admission document applies. Such admission arrangements may be terminated by the employer or the Chief Minister on 6 months notice. This amendment will ensure that any member of the Scheme employed by an exiting Admitted Body will not have his accrued rights transferred out of PECRS to a new employer’s scheme without that individual’s consent. Any such member will have the choice of retaining a deferred pension in PECRS, having a transfer out to an employer’s scheme or a personal pension scheme or having an annuity purchased for him. If no choice is made a deferred pension in PECRS is the default position. If an admission arrangement is terminated on 6 months’ notice by the employer or the Chief Minister and, the relevant admission document says so, the employer will have to make up any relevant deficit in PECRS assets before the employees exit as a result of that termination. This currently is applicable to Jersey Telecom Limited and Jersey Post Limited only.
Action required: Mrs Byron is requested to arrange with the States Greffe for the Report to be lodged ‘au Greffe’ during the week beginning 5th March 2007 for consideration on the earliest date.
Signature: Chief Minister		Date of Decision: