"The Ontario government has approved the trustees of the General Synod Pension Plan's request for a three-year window to improve the plan's funding level and avoid immediate pension reductions of 20 to 30 per cent. Last September , 99 per cent of retired members voted in favour of funding relief. The government had indicated it would grant the request only if two-thirds (about 67 per cent) of all members voted in favour of it. 'With this funding relief in place, the plan is exempt from solvency funding, from August 2011 to December 31, 2015, and will then have a "fresh start",' said Bishop Philip Poole, chair of the pensions committee. 'Any shortfall it still faces when the exemption period ends will need to be addressed after December 21, 2016'."