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WRITTEN QUESTION TO THE MINISTER FOR SOCIAL SECURITY BY DEPUTY G.P. SOUTHERN OF ST. HELIER
ANSWER TO BE TABLED ON TUESDAY, 24th OCTOBER 2006
Question
In answer to a question on 10th October 2006 on pensions, the Minister stated that he will review the need for regulation as part of the preparation of a co-ordinated plan' on the ageing population by 2010'. Will the Minister inform members when this review will commence and when members will see any initial terms of reference or consultation documents?
Answer
In my answer of 10th October 2006, I referred to item 2.1.2 in the States Strategic Plan which states that we shall
m onitor actuarial predictions and then prepare and start to introduce a co-ordinated plan, including a review of pension provision to meet the challenges and opportunities present by an ageing population by 2010'
This objective forms part of the Strategic Plan approved by the States.
I can assure members that such a fundamental plan will be trailed by and subject to extensive consultation throughout the community.
In order to achieve the deadline to start to introduce the plan by 2010, the department will be undertaking research and consultation well in advance of this, once the Income Support scheme is introduced and bedded in.
Based upon current plans for the implementation of Income Support, preparation is anticipated to commence in 2008, following the consideration of the Government Actuary's next triennial review which will be completed towards the end of 2007".