Amount of payments made upon termination of contract for each year from 2005-2011?
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WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY S. PITMAN OF ST. HELIER
ANSWER TO BE TABLED ON TUESDAY 5th JULY 2011
Question
Would the Minister advise the amount of payments made upon termination of contract for each year from 2005-2011?
Answer
The States of Jersey has moved to GAAP accounting with the first full GAAP-compliant set of accounts published recently for 2010. I can, therefore, provide the following information:
2011 (to date) £0.5m (provisional, unaudited data) 2010 £7.5m
2009 £0.7m
Payments for years prior to 2009 were recorded in a different way which means collating termination payments across departments from payroll information is more difficult. To do so would involve significant amounts of work in reviewing individual transactions. For that reason the Minister is unable to provide the earlier information requested.
The figure for 2010 is disproportionately high due largely to the Voluntary Redundancy Scheme approved by the States. Approximately 100 individuals left the States in 2010 to improve the ability to deliver restructuring and CSR savings.