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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Social Security Fund: Government Actuary’s Report on the financial condition as at 31 December 2017

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.

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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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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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 22 March 2019:

Decision Reference: MD-S-2019-0024

Decision Summary Title :

DS - Report by GAD on the Social Security Fund 31st December 2017

Date of Decision Summary:

20 March 2019

Decision Summary Author:

Policy Principal

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

WR - SSF Actuarial Review final report 31 Dec 2017

Date of Written Report:

6 March 2019

 

Written Report Author:

UK Government Actuary’s Department

Written Report :

Public or Exempt?

 

Public

Subject: Report by the UK Government Actuary’s Department on the financial condition of the Social Security Fund as at 31st December 2017

Decision(s): The Minister decided to present the report by the UK Government Actuary on the financial condition of the Social Security Fund as at 31st December 2017 to the States.

Reason(s) for Decision: Article 32 of the Social Security (Jersey) Law 1974 requires the Minister to appoint an actuary to undertake a review of the operation of the law and to report to the Minister on the financial condition of the Social Security Fund.

 

The UK Government Actuary has been appointed to undertake this review and has now reported the results of the review to the Minister.

Resource Implications: None.

Action required: The Greffier of the States to be requested to arrange for the Report to be presented to the States on Tuesday 26th March 2019

Signature:

 

 

Position:

Minister

 

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

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