SOG-T-ESS-Secondary Pensions Project - Scheme Projections & Economic Impact Assessment

Tender description

In February 2016, the then Social Security Department developed an outline proposal for a Secondary Pension system which will encourage the population to make greater provisions for themselves for the future through pension savings. The States approved the principles for the introduction of a Secondary Pension scheme subject to further research and an economic impact assessment. However, detailed proposals have yet to be developed and taken back to the States. Further information about the project can be found on http://www.gov.gg/secondarypensions. Part of those detailed proposals will involve a pension provider, selected through a competitive tender exercise. Before undertaking the tender exercise for a pension provider, the Committee for Employment & Social Security (‘the Committee’) are seeking the provision of projections for the future Secondary Pension system and its economic impact. Keywords: Projections, Economic, Social, States, Pensions, Guernsey