Saints Bay The States of deliberation have decided to maintain a funding target of 90% in the pension fund. This means there will always be a deficit unless they decide it should be 100% funded. If the funding level falls above or below 90% they will adjust the contribution level slightly to adjust the position over time. I don't think the funding level has ever fallen below 90%, but someone can correct me if I'm wrong. The finding level under accounting standard FRS17 is a different way of assessing the values so should not be confused with the calculations the States use to measure the funding level and contribution rate. They will look at GST but it is an option to solve the problem of the fiscal deficit created by zero ten, nothing to do with the pensions. I would hate to see GST introduced as I believe it is unfair and unnecessary to tax the poor and lower earners. We are an affluent island.
Voice For Victims
Voice for Victims is a campaign aimed at promoting the rights of those affected by child sexual abuse.
