Pensions Budgets: Transfer to Treasury and Resources from 1 January 2012

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A decision made 9 November 2011:

Decision Reference: MD-C-2011-0134
Decision Summary Title:	Transfer of Pensions budgets to Treasury and Resources		Date of Decision Summary:	7 November 2011
Decision Summary Author:	Finance Director – Corporate Group		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Transfer of Pensions budgets to Treasury and Resources		Date of Written Report:	3 November 2011
Written Report Author:	Finance Director – Corporate Group		Written Report : Public or Exempt?	Public
Subject: To approve the transfer of recurring revenue pensions budgets in the sum of £4,328,700 from the Chief Minister’s Department to the Treasury and Resources Department with effect from 1 January 2012, in line with the transfer of service responsibility.
Decision(s): The Chief Minister approved the transfer of recurring revenue pensions budgets in the sum of £4,328,700 from the Chief Minister’s Department to the Treasury and Resources Department with effect from 1 January 2012.
Reason(s) for Decision: Article 15(1)(a) of the Public Finances (Jersey) Law 2005 states that all or any part of the amount appropriated by a head of expenditure may, with the approval of the Minister for Treasury and Resources, be used for the purposes of another head of expenditure.
Resource Implications: There is no overall increase to States spending or manpower as a result of this decision.
Action required: Project and Research Officer to communicate the Chief Minister’s Ministerial Decision to the Finance Director – Corporate Group and the Head of Decision Support (T&R). Finance Director – Corporate Group to prepare a Ministerial Decision for the Minister for Treasury and Resources approving the transfer.
Signature:		Position: Senator T.A. Le Sueur Chief Minister
Date Signed:		Date of Decision: