{"id":35885,"date":"2012-11-26T17:15:57","date_gmt":"2012-11-26T17:15:57","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ft_church_of_england_faces_a_huge_pension_deficit\/"},"modified":"2012-11-26T17:15:57","modified_gmt":"2012-11-26T17:15:57","slug":"ft_church_of_england_faces_a_huge_pension_deficit","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=35885","title":{"rendered":"(FT) Church of England faces a huge pension deficit"},"content":{"rendered":"<p>Justin Welby, a former oil executive, may have hoped to have left the problems of Mammon behind on his appointment as Archbishop of Canterbury, but he could be plunged into an immediate cash crisis.<\/p>\n<p>The Church of England\u2019s pension deficit could reach \u00c2\u00a3500m by the end of this year, putting a huge financial burden on congregations, an independent pensions consultant has warned.<\/p>\n<p>John Ralfe said congregations, who already pay \u00c2\u00a368m annually to support the Clergy Pensions Scheme\u2019s 24,000 members, will have to find \u00c2\u00a3108m a year if an existing plan to eliminate the deficit over 12 years is not extended.<\/p>\n<p><a href=\"http:\/\/www.google.com\/url?sa=t&#038;rct=j&#038;q=&#038;esrc=s&#038;source=web&#038;cd=1&#038;cad=rja&#038;ved=0CC8QqQIwAA&#038;url=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fd07bade4-34bd-11e2-99df-00144feabdc0.html&#038;ei=LlezUPTiJ5Gk8gTQ6oE4&#038;usg=AFQjCNGQOkn_3vrDBYP_3njEY4T0cKDWhg\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Justin Welby, a former oil executive, may have hoped to have left the problems of Mammon behind on his appointment as Archbishop of Canterbury, but he could be plunged into an immediate cash crisis. The Church of England\u2019s pension deficit<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=35885\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,48,40,74,389,595,592,149,184,662,593,441,599],"tags":[],"class_list":["post-35885","post","type-post","status-publish","format-standard","hentry","category-anglican-episcopal","category-christian-life-church-life","category-economics-politics","category-anglican-provinces","category-church-of-england-coe","category-credit-markets","category-currency-markets","category-economy","category-parish-ministry","category-pensions","category-personal-finance","category-stewardship","category-stock-market"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/35885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35885"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/35885\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}