Jersey Deputy Seeks £114 Million Pension Grant Reinstatement From 2028
Updated
Updated · BBC.com · Jul 28
Jersey Deputy Seeks £114 Million Pension Grant Reinstatement From 2028
3 articles · Updated · BBC.com · Jul 28
Summary
Max Andrews wants Jersey to restore the full States Grant into the Social Security Fund from 2028, with the change built into budgets covering 2027 to 2030.
The proposal follows last year's budget cut to the grant, which freed money for day-to-day spending; Andrews argues continued spending at that pace could fuel inflation.
A recent £114,259,000 transfer from the reserve to the Social Security Fund to offset 2025 and 2026 grant reductions is, in his view, a dangerous precedent.
The government has said the temporary 2026-29 reduction was needed to fund services including health and children, avoiding tax rises or deeper long-term spending cuts.
States members are due to debate Andrews' proposition on 8 September, with the wider argument centered on whether surpluses should rebuild pension reserves.