Bully in the Church Workshop
PROPOSALS TO THE 43RD GENERAL COUNCIL OF THE UNITED CHURCH OF CANADA
“Supplementing Pension Benefits”
Origin: __________________________ Congregation/Presbytery/Conference
Financial Implications if known: at least 10% of the proceeds of United Church property sales kept in a restricted use fund
Staffing Implications if known: staff time to develop and administer the fund
Source of Funding if known: sales of church properties
We propose that any jurisdiction selling Church property hereafter set aside at least 10% of the proceeds from such sales to be accumulated in a restricted use fund of The United Church of Canada. The fund will be used to supplement pension benefits for both current and future members of the Plan once it is large enough and a distribution policy has been developed. The fund will remain in place as long as the Pension Plan exists.
The United Church maintains a defined benefit retirement plan which requires participation and contributions by clergy and congregations. We are concerned about the well being in retirement of UCC Pension Plan members due to the static level of pensions being paid since 2009.
There are a number of factors leading us to this concern:
Pensioners report that their monthly pension benefit from the UCC Pension Plan after a thirty-
There has not been a pension benefit increase since 2009, and there is no pension increase planned for the near future. Since the last increase in 2009 the Consumer Price Index in Canada has risen by approximately 15%, leaving United Church pensioners with less and less buying power.
The Pension Plan is fully funded on a going forward, solvency, and wind-
Church properties are being sold routinely as congregations close, with proceeds being held by each Conference in trust for the United Church, generating considerable revenue across the Church. Now is the time to set aside a portion of this money to be used to provide pension upgrades.
As pension law currently stands, there are restrictions on adding funds to a multi-