The scheme, which was recently closed to new members in return for a higher salary, represents 0.4% of the States' overall pension pot.
Since 2012, a fixed sum of public money has been used to prop up the scheme in an attempt to eliminate its deficit over the next 30 years – in 2014 this was £68,800.
'The results of the actuarial evaluation of the States Members Pension Scheme are that there is a funding shortfall of £1,819,000 and a fixed annual sum of £149,000, maintained in real terms, needs to be paid into the Superannuation Fund in order to eliminate the deficit over a period of 25 years,' Treasury says.
Deputies' pay increase in return for losing pension: deputies: £32,155 (current basic £22,000 to a maximum £34,000); deputy minister: £34,550 (£27,625-£37,000); chairman: £37,570 (£34,000-£40,000); minister: £44,350 (£37,000-40,000); deputy chief minister: £46,450 (£39,000-£42,000); chief minister: £58,520 (£45,000-£48,000); Alderney representative: £10,050 (£10,000); Alderney representative with a departmental seat: £13,965 (£13,750).
