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Teachers' Superannuation (Administration) (Jersey) Order 2007

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 (12.03.07) to make the Teachers' Superannuation (Administration) (Jersey) Order 2007

Subject:

Jersey Teachers’ Superannuation (Administration) (Jersey Order 2007

Decision Reference:

MD-C-2007-0016

Exempt clause(s):

N/A

Type of Report: (oral or written)

Written

Person Giving Report (if oral):

N/A

Telephone or

e-mail Meeting?

N/A

Report

File ref:

MB/PENS/SCH/TSF/07

Written Report –

Title

Jersey Teachers’ Superannuation (Administration) (Jersey Order 2007

Written report - author

Maureen Byron – Senior Human Resources Manager

Decision: To make the Teachers’ Superannuation (Administration) (Jersey) Order 2007 which - .

  Transfers the powers to appoint investment managers, direct them in relation to investments, and appoint the Actuary of the Jersey Teachers’ Superannuation Funds from the Ministers for Treasury and Resources and Education, Sport and Culture to the Management Board.

  Assumes that, as amended by the amending Law, the Management Board will retain control over investments on behalf of the fund; and

  requires the Management Board to be consulted before Orders are made by the Chief Minister

Reason(s) for decision:

From the effective date 12 January 2007, it is the Chief Minister who is responsible for making Orders under the Law and for the administration of the Scheme. The amending Law gives the Chief Minister the power to make the Orders establishing a Management Board.

Action required: Request that the States Greffe arranges for the attached document to be laid before the States in accordance with States procedures.

Signature:

(Chief Minister)

Date of Decision:

 

 

 

 

 

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