The official version of this document can be found via the PDF button.
The below content has been automatically generated from the original PDF and some formatting may have been lost, therefore it should not be relied upon to extract citations or propose amendments.
15
1240/5(9282)
WRITTEN QUESTION TO THE CHIEF MINISTER
BY DEPUTY G.P. SOUTHERN OF ST. HELIER ANSWER TO BE TABLED ON TUESDAY 8TH MARCH 2016
Question
What estimate has been made of the effect of achieving significant reductions in staffing within the next three years, and what impact would that have on the viability of the new Career Average Revalued Earnings (CARE) pension scheme?
Answer
There is no impact on the viability of the new Career Average Revalued Earnings (CARE) pension scheme from a reduction in staffing levels. The new pension scheme has been costed using prudent assumptions so that the employer and employee contributions cover the CARE benefits being accrued. While a smaller number of new employees would result in a lower level of contributions being paid into the scheme this will be matched by a lower level of benefits being accrued and a lower level of scheme liabilities. There is no impact on CARE scheme viability.