Amendments to Canon VIII – The General Synod Pension and Benefit Plans
https://archives.anglican.ca/link/official9397
- Date
- 2007 June 19-25
- Source
- General Synod. Minutes
- Type
- Act 10
- Mover
- Bishop Philip Poole
- Seconder
- Dean Peter Elliott
- Text of motion
- That this General Synod approve the amendments to Canon VIII as approved by the Council of General Synod by deleting the underlined portions and adding the bold portions as shown on the attached copy of the Canon. CARRIED WITHOUT DEBATE Act 10
- Notes
- The amended Canon VIII is attached. (See Appendix B)
- Appendix B
- GENERAL SYNOD PENSION PLAN
- CANON VIII
- Underline indicates deletion, bold indicates addition [In electronic database bold indicated by pointed brackets i.e. <> and underline indicated by curly brackets i.e. {}]
- 1.b) ix) "Long Term Disability Fund" means the fund or funds described in section 2.d) of this Canon;
- 2.d) There shall be a fund {or funds}established in conjunction with the Long Term Disability Plan under {one or more} written trust agreements in Canada, which funds shall {collectively} be designated as the "Long Term Disability Fund of The Anglican Church of Canada", for the purpose of providing benefits in accordance with this Canon and the Long Term Disability Regulations.
- The Long Term Disability Fund shall consist of the monies received by way of contributions, transfers, and other amounts for provision of Long Term Disability Plan benefits together with interest, dividends, earnings, accumulations and accretions, less the same amounts expended in the payment of Long Term Disability Plan benefits and the expenses of the administration of the Long Term Disability Plan and the Long Term Disability Fund.
- 4.b) To make and amend Regulations establishing the terms of the Pension Plan and the Long Term Disability Plan and providing for the administration thereof, subject to the approval of the Council of General Synod. These Regulations shall become effective from the date of approval by the Council of General Synod and shall remain in effect until the next session of the General Synod at which time they will cease to be in effect unless confirmed by the General Synod. The general principle to be observed when considering matters related to the Long Term Disability Plan shall be the maintenance of a rate of contribution, paid {entirely}by Members adequate to support the benefits and the establishment of appropriate amounts reserved or retained in respect of claims, whether or not known to the Pension Committee.
- 6.g) To receive, hold and administer all funds contributed to them with respect to the Long Term Disability Plan as a separate trust fund and in accordance with the following terms:
- Subjects
- Anglican Church of Canada. General Synod. Constitution. Canon VIII
- Pensions - Anglican Church of Canada
- Insurance, Disability - Religious aspects - Anglican Church of Canada