The report of the Pension Committee was presented by Admiral Rayner, assisted by Mrs. Mason and the Venerable E. Hobson.
Specific note was made of the second paragraph which reads:
We wish to draw to your attention, and the Reverend Wm. Lowe has been advised accordingly, of the concern of the Pension Committee regarding the possibility of the National Executive Council curtailing the time devoted to business at the Fall meeting to be held in 1974. December 31, 1973 was designated as the time for an actuarial evaluation, and General Synod made firm recommendations regarding use of any surplus reported. It is most important therefore that the National Executive Council have sufficient time to discuss these matters. The actions taken on the proposals will not be available until after the Summer of 1974. There will undoubtedly be other matters also upon which the Pension Committee will wish to report.
Text of motion
That this National Executive Council accept this Report as printed. CARRIED