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PENSION RESOLUTIONS #010-01-19-11 - General Synod Benefit Plans Administration and Expenses Regulation Pursuant to Section 4 of Canon VIII

http://archives.anglican.ca/en/permalink/official10735
Date
2019 November 7-10
Source
Council of General Synod. Minutes
Record Type
Resolution 014-11-19
Date
2019 November 7-10
Source
Council of General Synod. Minutes
Record Type
Resolution 014-11-19
Mover
The Most Rev. Gregory Kerr-Wilson
Seconder
Mr. Chris Wood
Text
Be it resolved: That the Council of General Synod approves the recommendation of the Pension Committee to maintain 0.5% expense fund contribution (General Synod Benefit Plans Administration and Expenses Regulation Made Pursuant to Section 4 of Canon VIII) effective January 1, 2020. See Appendix C for resolution details. ADOPTED #CoGS 014-11-19
Notes
Appendix C [Page 33] PENSION RESOLUTIONS (010-01-19-11) GENERAL SYNOD BENEFIT PLANS ADMINISTRATION AND EXPENSES REGULATION PURSUANT TO SECTION 4 OF CANON VIII Moved by: The Most Rev. Gregory Kerr-Wilson Seconded by: Mr. Chris Wood Be it resolved: That the Council of General Synod approves the recommendation of the Pension Committee to maintain 0.5% expense fund contribution (General Synod Benefit Plans Administration and Expenses Regulation Made Pursuant to Section 4 of Canon VIII) effective January 1, 2020. Rationale: GSPP employers currently contribute 1.3% of earnings. Additional expense contributions in addition to contributions to the plan will be a deterrent to new groups. Analysis has shown that it is sustainable to pay administration expenses from the plan. As an interim measure, maintain 0.5% expense fund contribution until new groups join. ADOPTED #CoGS 014-11-19
Subjects
Pensions - Anglican Church of Canada
Pensions - Anglican Church of Canada - Regulations
Anglican Church of Canada. General Synod. Constitution. Canon VIII
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