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1240/5(3021)
WRITTEN QUESTION TO THE MINISTER FOR SOCIAL SECURITY BY DEPUTY G.P. SOUTHERN OF ST. HELIER
ANSWER TO BE TABLED ON TUESDAY, 10th OCTOBER 2006
Question
Would the Minister inform members whether he intends to take any steps to bring forward legislation relating to pension schemes similar to the 1997 and 2004 U.K. Pension Acts to address, in particular –
- the statutory rightfor trustees ofcompanypensionschemes to award cost of living increases; and
- the rightof beneficiaries to elect representatives to the boardsof trustees of pension schemes?
If so, when does the Minister expect to bring forward this new legislation?
Answer
As advised in the answer to a written question to the Minister for Treasury and Resources by Deputy Southern at the last States sitting (26th September), the Social Security Department will, in accordance with the States Strategic Plan, item 2.1.2. .. prepare and start to introduce a co-ordinated plan, including a review of pension provision, to meet the challenges and opportunities presented by an ageing population by 2010'.
As part of that process the Department will review the need for pension regulation in the Island.