Public Employees Contributory Scheme Pre 1987 Debt Repayment

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A decision made (20th March 2006) to transfer an amount to the Chief Minister's Department's revenue budget in 2006.

Subject:	Public Employees Contributory Retirement Scheme Pre 1987 Debt Repayment.
Decision Reference:	MD-TR-2006-0031	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:		KLB/1/20/3/06
Written Report - Title	PECRS Pre 1987 Debt Repayment	Written report - author		Kelly Le Bailly
Decision(s): The Treasury and Resources Minister agrees to transfer £2,461,356 to the Chief Minister’s Department’s revenue budget in 2006.
Reason(s) for decision To cover the arrears arising from the shortfall of the States contribution to the Public Employees Contributory Retirement Scheme (PECRS) pre 1987 debt for the period 1 January 2002 to 31 December 2005, and to prevent further interest accruing on the arrears.
Action required: Action the budget transfer to the Chief Minister’s Department’s 2006 revenue budget.
Signature: (Minister/ Assistant Minister)			Date of Decision: 20th March 2006