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In Canada General Synod pension fund changes to cost more, pay less

Posted on January 3, 2010 by Kendall Harmon

The Council of General Synod (CoGS) has approved changes that will increase the employer contribution paid by dioceses and reduce the amount of pension earned by plan members. The employer contribution will be increased to 11.2% of pensionable earnings in 2010 and up to 12.4% in 2011.

The amount of pension earned for members will be reduced from 2% to 1.8%.

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Posted in * Anglican - Episcopal, * Economics, Politics, Anglican Church of Canada, Anglican Provinces, Economy, Stock Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--