Treasury and Resources
Ministerial Decision Report
PUBLIC EMPLOYEES PENSION SCHEME: COMMITTEE OF MANAGEMENT- NOMINATION
- Purpose of Report
The Treasury and Resources Minister is asked to recommend to the Chief Minister a nominee for the Committee of Management of the Public Employees Pension Scheme.
- Background
Regulation 2 of the Public Employees (Pension Scheme) (Administration) (Jersey) Regulations 2015 requires the following: that membership of the Committee of Management must be comprised of –
- A Chairman;
- 5 Employer Representatives;
- 4 Member Representatives;
- 2 Pensioner Representatives, and
- 1 Admitted Body Representative
A reference to “employer representatives” is taken to include the admitted employer representative, and a reference to “member representatives” is taken to include the pensioner representatives.
Regulation 3 states that the Chairman and members of the Committee must be appointed by the Chief Minister on the recommendation of the Minister for Treasury and Resources for a period not exceeding 5 years as the Chief Minister specifies at the time of making the appointment. In the case of a member of the Committee, the Minister may extend the member’s initial term of office by re-appointing the member for a second but final term of office not exceeding 5 years.
Following an open recruitment process under Appointment Commission Guidelines, the Minister for Treasury and Resources will be recommending the nomination of Mr John Everett to the Chief Minister as a replacement member following the resignation of Mr Stuart Lusby.
The term of office is for a 5 year period.
The nominee identified has the requisite experience, skills and background to act in the capacity of employer representative on the Committee of Management of the Jersey Public Employees Pension Scheme.
The Chief Minister will be asked to sign a Ministerial Decision implementing the appointment of Mr Everett.
EMPLOYER NOMINEE – MR JOHN EVERETT
Mr John Everett has held the position of Deputy Director General at the Jersey Financial Services Commission since November 2015 (before that he was one of the JFSC’s Supervision Directors).
Prior to jersey, Mr Everett worked at the Financial Services Authority/Financial Conduct Authority in the UK where he focused on investment management and conduct issues, including representing the United Kingdom at European Union and international committees, and negotiating EU directives and regulations for the UK together with HM Treasury.
Mr Everett is an experienced public policy professional with leadership experience of both small and large terms. In the UK he was a Director of the Electoral Reform Society for a number of years and has recently been appointed as an ‘independent’ member of the Jersey Employment Forum.
3. Recommendation
The Minister decided to recommend Mr John Everett to the Chief Minister as a nominee for the Committee of Management of the Public Employees Pension Scheme.
4. Reason for Decision
Under Regulation 3 of the Public Employees (Pension Scheme) (Administration) (Jersey) Regulations 2015 the Chairman and the members of the Committee of Management, must be appointed by the Chief Minister on the recommendation of the Minister for Treasury and Resources.
5. Resource Implications
There are no financial or manpower implications as a direct result of this decision.
Report author : Head of Decision Support | Document date 9th July 2018 |
Quality Assurance / Review : Director of Financial Planning and Performance | File name and path: L:\Treasury\Sections\Corporate Finance\Ministerial Decisions\DS, WR and SD\2018-0095 - PEPS Committee of Management nomination |
MD Sponsor: Treasurer of the States |