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PENSION COMMITTEE 010 03 14 11 : 1.5 LRP [Lay Retirement Plan] TRUST AGREEMENT

http://archives.anglican.ca/en/permalink/official10499
Date
2014 November 13-16
Source
Council of General Synod. Minutes
Record Type
Resolution 10-11-14
Date
2014 November 13-16
Source
Council of General Synod. Minutes
Record Type
Resolution 10-11-14
Mover
David Jones
Seconder
Mr. Tony Teare
Prologue
[Page 7]
Mr. Bob Bockner, a Trustee with the Pension Committee, was introduced by the Primate. He presented a number of resolutions stating that they have previously been reviewed by the Chancellor, legal counsel and by the Trustees.
The resolutions are attached as Appendix B.
Mr. Cameron Hunter, Actuary, presented an overview of the General Synod Pension Plan.
[Mover, Seconder and Text of resolution as found in Appendix B.]
Text
[Page 15]
[APPENDIX B]
[PENSION COMMITTEE RESOLUTIONS]
Be it resolved that the Council of General Synod approve the Pension Committee's recommendation that Lay Retirement Plan Trust Agreement (attached to the CoGS report as Appendix 3) be restated effective January 1, 2015
Rationale: The General Synod is empowered under the Trust Agreement to amend the Trust Agreement, subject to the consent of the Board of Trustees of the General Synod Pension Fund (the "Trustees").The parties to the Trust Agreement, which includes the General Synod, the Trustees and the Pension Committee of the General Synod (the "Pension Committee"), deem it desirable to confer upon the Trustees the power to amend the Trust Agreement, subject to the consent of the Pension Committee. They also deem it desirable to amend the Trust Agreement to resolve possible conflicts between the Trust Agreement and any other governing documents and clarify the legal relationships between the various stakeholders in the Lay Retirement Plan and also to provide for the possibility of expenses being paid directly by Participating Employers where the Pension Committee determines it is appropriate to do so.
ADOPTED # 10-11-14
Subjects
Pensions - Anglican Church of Canada
Pensions - Anglican Church of Canada - Regulations
Anglican Church of Canada. General Synod. Constitution. Canon IX
Less detail

PENSION COMMITTEE 010 03 14 11 : 1.6 CEP [Continuing Education Plan] TRUST AGREEMENT

http://archives.anglican.ca/en/permalink/official10500
Date
2014 November 13-16
Source
Council of General Synod. Minutes
Record Type
Resolution 11-11-14
Date
2014 November 13-16
Source
Council of General Synod. Minutes
Record Type
Resolution 11-11-14
Mover
David Jones
Seconder
Mr. Tony Teare
Prologue
[Page 7]
Mr. Bob Bockner, a Trustee with the Pension Committee, was introduced by the Primate. He presented a number of resolutions stating that they have previously been reviewed by the Chancellor, legal counsel and by the Trustees.
The resolutions are attached as Appendix B.
Mr. Cameron Hunter, Actuary, presented an overview of the General Synod Pension Plan.
[Mover, Seconder and Text of resolution as found in Appendix B.]
Text
[Page 16]
[APPENDIX B]
[PENSION COMMITTEE RESOLUTIONS]
Be it resolved that the Council of General Synod approve the Pension Committee's recommendation that Continuing Education Plan Trust Agreement (attached to the CoGS report as Appendix 4) be restated effective January 1, 2015
Rationale: The General Synod is empowered under the Trust Agreement to amend the Trust Agreement, subject to the consent of the Board of Trustees of the General Synod Pension Fund (the "Trustees").The parties to the Trust Agreement, which includes the General Synod, the Trustees and the Pension Committee of the General Synod (the "Pension Committee"), deem it desirable to confer upon the Trustees the power to amend the Trust Agreement, subject to the consent of the Pension Committee. They also deem it desirable to amend the Trust Agreement to resolve possible conflicts between the Trust Agreement and any other governing documents and clarify the legal relationships between the various stakeholders in the Continuing Education Fund and also to provide for the possibility of expenses being paid directly by Participating Employers where the Pension Committee determines it is appropriate to do so.
ADOPTED # 11-11-14
Subjects
Pensions - Anglican Church of Canada
Pensions - Anglican Church of Canada - Regulations
Anglican Church of Canada. General Synod. Constitution. Canon XII
Continuing education - Anglican Church of Canada
Less detail

PENSION COMMITTEE 010 03 14 11 : 1.7 LTD [Long Term Disability] TRUST AGREEMENT

http://archives.anglican.ca/en/permalink/official10501
Date
2014 November 13-16
Source
Council of General Synod. Minutes
Record Type
Resolution 12-11-14
Date
2014 November 13-16
Source
Council of General Synod. Minutes
Record Type
Resolution 12-11-14
Mover
David Jones
Seconder
Mr. Tony Teare
Prologue
[Page 7]
Mr. Bob Bockner, a Trustee with the Pension Committee, was introduced by the Primate. He presented a number of resolutions stating that they have previously been reviewed by the Chancellor, legal counsel and by the Trustees.
The resolutions are attached as Appendix B.
Mr. Cameron Hunter, Actuary, presented an overview of the General Synod Pension Plan.
[Mover, Seconder and Text of resolution as found in Appendix B.]
Text
[Page 16]
[APPENDIX B]
[PENSION COMMITTEE RESOLUTIONS]
Be it resolved that the Council of General Synod approve the Pension Committee's recommendation that Long Term Disability Plan Trust Agreement (attached to the CoGS report as Appendix 5) be restated effective January 1, 2015.
Rationale: The General Synod is empowered under the Trust Agreement to amend the Trust Agreement, subject to the consent of the Board of Trustees of the General Synod Pension Fund (the "Trustees").The parties to the Trust Agreement, which includes the General Synod, the Trustees and the Pension Committee of the General Synod (the "Pension Committee"), deem it desirable to confer upon the Trustees the power to amend the Trust Agreement, subject to the consent of the Pension Committee. They also deem it desirable to amend the Trust Agreement to resolve possible conflicts between the Trust Agreement and any other governing documents and clarify the legal relationships between the various stakeholders in the Long Term Disability Fund and also to provide for the possibility of expenses being paid directly by Participating Employers where the Pension Committee determines it is appropriate to do so.
ADOPTED # 12-11-14
Subjects
Pensions - Anglican Church of Canada
Pensions - Anglican Church of Canada - Regulations
Anglican Church of Canada. General Synod. Constitution. Canon VIII
Less detail

PENSION COMMITTEE 010 03 14 11 : 1.8 SIDB [Self Insured Death Benefit] TRUST AGREEMENT

http://archives.anglican.ca/en/permalink/official10502
Date
2014 November 13-16
Source
Council of General Synod. Minutes
Record Type
Resolution 13-11-14
Date
2014 November 13-16
Source
Council of General Synod. Minutes
Record Type
Resolution 13-11-14
Mover
David Jones
Seconder
Mr. Tony Teare
Prologue
[Page 7]
Mr. Bob Bockner, a Trustee with the Pension Committee, was introduced by the Primate. He presented a number of resolutions stating that they have previously been reviewed by the Chancellor, legal counsel and by the Trustees.
The resolutions are attached as Appendix B.
Mr. Cameron Hunter, Actuary, presented an overview of the General Synod Pension Plan.
[Mover, Seconder and Text of resolution as found in Appendix B.]
Text
[Page 17]
[APPENDIX B]
[PENSION COMMITTEE RESOLUTIONS]
Be it resolved that the Council of General Synod approve the Pension Committee's recommendation that Self Insured Death Benefit Plan Trust Agreement (attached to the CoGS report as Appendix 6) be restated effective January 1, 2015.
Rationale: The Pension Committee is empowered under the Trust Agreement to amend the Trust Agreement, subject in certain circumstances to the consent of the Board of Trustees of the Trust Fund (the "Trustees"). The parties to the Trust Agreement, which include the Trustees and the Pension Committee, deem it desirable to confer upon the Trustees the power to amend the Trust Agreement, subject to the consent of the Pension Committee and also to amend the Trust Agreement to provide for the possibility of expenses being paid directly by Participating Employers where the Pension Committee determines it is appropriate to do so.
ADOPTED # 13-11-14
Subjects
Pensions - Anglican Church of Canada
Pensions - Anglican Church of Canada - Regulations
Anglican Church of Canada. General Synod. Constitution. Canon VIII
Less detail

PENSION COMMITTEE 010 03 14 11 : 1.9 AGREEMENT TO TERMINATE PENSION AND BENEFIT ADMINISTRATION SERVICES AGREEMENT BETWEEN THE GENERAL SYNOD AND THE PENSION OFFICE CORPORATION

http://archives.anglican.ca/en/permalink/official10503
Date
2014 November 13-16
Source
Council of General Synod. Minutes
Record Type
Resolution 14-11-14
Date
2014 November 13-16
Source
Council of General Synod. Minutes
Record Type
Resolution 14-11-14
Mover
David Jones
Seconder
Mr. Tony Teare
Prologue
[Page 7]
Mr. Bob Bockner, a Trustee with the Pension Committee, was introduced by the Primate. He presented a number of resolutions stating that they have previously been reviewed by the Chancellor, legal counsel and by the Trustees.
The resolutions are attached as Appendix B.
Mr. Cameron Hunter, Actuary, presented an overview of the General Synod Pension Plan.
[Mover, Seconder and Text of resolution as found in Appendix B.]
Text
[Page 17]
[APPENDIX B]
[PENSION COMMITTEE RESOLUTIONS]
Be it resolved that the Council of General Synod approve the Pension Committee’s recommendation
To terminate Pension and Benefit Administration Services Agreement between the General Synod and the Pension Office Corporation, and to replace the Pension and Benefit Administration Services Agreement by the Cost Sharing and Agency Agreement (attached to the CoGS report as Appendix 7) be approved effective January 1, 2015.
Rationale: The Cost Service and agency Agreement fulfills two objectives:
- (i) Mitigates the HST risks identified and avoids any "double payment" of HST on Benefit Plan expenses.
- (ii) Provides further protection to the Trustees and the Pension Committee against fiduciary risks related to their duties with respect to the use of trust funds to pay expenses. Trustees are obligated to prudently administer trust assets; including employing appropriate mechanisms to determine that administrative expenses are reasonable and appropriate. A binding agreement between the various entities documenting this process with periodic reviews of the cost allocation process enhances the overall governance structure of the Benefit Plans.
ADOPTED # 14-11-14
Subjects
Pensions - Anglican Church of Canada
Anglican Church of Canada. General Synod
Less detail