Church of England: Pensions

Church Commissioners written question – answered on 5th March 2007.

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Photo of Andrew Selous Andrew Selous Shadow Minister (Work and Pensions)

To ask the hon. Member for Middlesbrough, representing the Church Commissioners what assessment the Commissioners have made of the effect of the financial position of the Church of England's pension fund on the activity of the Church.

Photo of Stuart Bell Stuart Bell Second Church Estates Commissioner

The Church is carrying out a major review of its clergy pension provision in the light of the increased cost of the current scheme and the potential impact on its other mission activities. Two reports were published in 2006, the second of which identified a number of options on which we have consulted extensively.

On 27 February, proposals were put to General Synod for the retention of the existing defined benefit structure but with some modifications to scheme benefits to make them more affordable for the parishes. Synod approved the necessary changes to the scheme rules subject to our carrying out the statutory consultation with individual scheme members. Proposals will be put to the Synod for final approval at its sessions in July 2007.

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