The Rev. Canon Dr. Neil Elliot, Chair of the Communications and Information Resources Coordinating Committee, presented The Anglican Church Communications Review, a review of the Church House Communications and Information Resources Department, undertaken at the request of the Primate and General Secretary.
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That the Council of General Synod receive the Anglican Church Communications Review and refer it to the General Secretary, the Communications and Information Resources Coordinating Committee and the Anglican Journal Coordinating Committee for consideration and request Council receive periodic updates.
Ms. Judy Robinson, Executive Director of Pensions, and Mr. Bob Boeckner, Trustee and member of the Pension Committee, presented the report.
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1.1 Be it resolved that The Council of General Synod approves the following recommendations of the Pension Committee; and approve the amendments to Regulation 3.1 and 3.2 (Contributions) of Canon VIII effective January 1, 2014 to implement these changes.
- That the member contribution rate to the GSPP increases by 0.5% to 5.3% of salary.
- That the employer contribution rate to the GSPP decreases by 0.5% to 11.9% of salary
- That the employers to contribute 1.3% of pensionable salary to a new expense fund administered by the Pension Office.
Bold indicates addition, Strikethrough indicates deletion [In electronic database, "bolded" text is indicated by brackets and "strikeout" text is indicated by {} brackets.]
Regulation 3.1 – Contributions
- 1. The Contributions required from each Participating Employer shall be as follows for all Members in Active Service:
-- (i) Effective January 1, 2004: 10% of Salary
-- (ii) Effective January 1, 2005: 8.3% of Salary
-- (iii) Effective January 1, 2006: 9.0% of Salary
-- (iv) Effective January 1, 2007: 10% of Salary
-- (v) Effective January 1, 2010: 11.2% of Salary
-- (vi) Effective January 1, 2011: 12.4% of Salary
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Regulation 3.2 – Contributions
The Pension Contributions required from the Member in Active Service shall be {4.8%} of Salary.