1.3 Canon IX Amendments : Lay Retirement Plan

Text of motion: That the Council of General Synod approve amendments to Regulation 8.5 of the Lay Retirement Plan effective January 1, 2003.; Renumber the current Regulation 8.5 as 8.5(a) and add a new section (b).; (Bold denotes addition) [In electronic database bold indicated by pointed brackets i.e. <>]; <(a)> Where a Member's employment by a Participating Employer terminates upon the Member becoming an employee of another Participating Employer, the Member's Active Service shall be deemed not to have terminated.; <(b) Where a Member's employment by a Participating Employer terminates upon the Member becoming an employee of a participating employer in the General Synod Pension Plan of the Anglican Church of Canada, the Member's Active Service shall be deemed not to have terminated. However, the member's active service shall be deemed to terminate in the event the Member subsequently ceases to be employed either by such an employer or by any Participating Employer. CARRIED #06-11-03

Notes: Archbishop Morgan drew attention to Section 1.4 of the report, which read:; "The Pension Committee is recommending to the Council of General Synod that prior to approving the resolution, which is being presented by EcoJustice Committee with respect to Socially Responsible Investment Procedures, that it be referred to the Pension Committee for consultation and to report back to the next meeting of COGs."; Ms. Mason, who is retiring after 40 years of service to the Pension Plan, extended best wishes to Council and acknowledged that she will miss everyone. She has no doubts that the right choice was made when Council appointed Ms. Judy Robinson to be her successor.

Subjects: Pensions - Anglican Church of Canada - Regulations; Anglican Church of Canada. General Synod. Constitution. Canon IX; Anglican Church of Canada. Socially Responsible Investment Group; Anglican Church of Canada. Eco-Justice Committee; Anglican Church of Canada. Pension Committee; Investments - Moral and ethical aspects; Investments - Religious aspects - Anglican Church of Canada; Mason, Jenny; Robinson, Judy