His department is studying the detailed population figures from the census before reaching a final decision on the new rate that Islanders will be charged in just over 12 months.
By paying into the fund over the course of their working lives, it is hoped that Islanders will not be forced to sell their homes or spend the money they had been planning to leave for their children and grandchildren in order to pay for expensive care in their old age.
By 2040 it is expected that 30% of Islanders will be aged 65 or over, and the additional costs of healthcare for that growing section of society will boom.
