Public Employees Pension Fund Strategy Statement

Information about the publication of Ministerial Decisions

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.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

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

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made on 6 September 2019

Decision Reference: MD-TR-2019-0080
Decision Summary Title:	PEPF Funding Strategy Statement		Date of Decision Summary:	30th August 2019
Decision Summary Author:	Head of Shared Services		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 (PEPF) Funding Strategy Statement		Date of Written Report:	30th August 2019
Written Report Author:	Head of Shared Services		Written Report : Public or Exempt?	Public
Subject: Approval of updates to the Public Employees Pension Fund (PEPF) Funding Strategy Statement
Decision(s): The Minister decided to approve the Funding Strategy Statement
Reason(s) for Decision: Under the Public Employees (Pension Scheme)(Funding and Valuation) (Jersey) Regulations 2015, regulation 2, the PEPF Committee of Management is required to keep the Funding Strategy Statement under review and agree updates with the Minister for Treasury and Resources. Updates to the Funding Strategy Statement have been prepared by the Scheme Actuary and been reviewed by the Employers Actuary who has confirmed the changes are not unreasonable. The Minister is asked to agree the Funding Strategy Statement.
Resource Implications: There are no staffing or financial implications.
Action required: The Head of Financial Governance to notify the Head of Shared Services who will send a copy of the approved Ministerial Decision to the PEPF Committee of Management to show the agreement of the Funding Strategy Statement.
Signature:		Position: Deputy S J Pinel, Minister for Treasury and Resources
Date Signed:		Date of Decision: