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Jersey Teachers' Superannuation Fund (JTSF): Actuarial Valuation 2021

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

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A decision made 24 April 2023:

Decision Reference:  MD-CM-2023-247

Public

Subject: Jersey Teachers’ Superannuation Fund (JTSF) Actuarial Valuation 2021

 

Report Title: Jersey Teachers’ Superannuation Fund (JTSF) Actuarial Valuation 2021

Public

Decision(s):

The Chief Minister decided to agree to the recommendation of the Scheme Actuary that the surplus is carried forward, and that the Jersey Teachers Superannuation Fund (JTSF) Valuation as at 31st December 2021 is presented to the States Assembly.

Reason for Decision(s):

Under Article 13 (3) of the Law, on each actuarial review under paragraph (12), the Actuary shall make a report to the Minister, the Minister for Treasury and Resources and the Management Board on the financial condition of the Fund and the adequacy or otherwise of the contributions payable under this Law to support the pensions and other benefits payable under this Law. A copy of every report produced under paragraph (13) shall be presented by the Minister to the States Assembly as soon as is practicable after it is made.

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 Jersey Teachers’ Superannuation Fund (JTSF) 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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