THE CHIEF MINISTER, in pursuance of Articles 2 and 7 of the Teachers’ Superannuation (Jersey) Law 1979[1] and after consultation with the Management Board established under that Law, orders as follows –

“(2)    If there has previously been a reduction in an increase in pensions and deferred pensions payable under any of the Teachers’ Superannuation Schemes, the Management Board shall, in accordance with Article 23(2)(c) and to the extent specified in Article 23, restore the increase to the amount that it was before it was reduced.

(3)     If there has previously been a cancellation of an increase in the pensions and deferred pensions payable under any of the Teachers’ Superannuation Schemes, the Management Board shall, in accordance with Article 23(2)(c) and to the extent specified in Article 23, restore the increase to the amount that it was before it was cancelled.”.

“(c)    if a reduction or cancellation (or both) referred to in sub-paragraph (b) has taken place within the 6 years before the date on which a report disclosing a surplus as referred to in Article 18(1) was signed by the Actuary who prepared the report, the Management Board shall apply the surplus in or towards making good the loss to any individual pensioner or deferred pensioner still alive, being the loss that was caused by the reduction or cancellation (or both).”.