GENERAL SYNOD PENSION PLAN RESOLUTIONS
APPROVED BY THE COUNCIL OF GENERAL SYNOD DURING THE QUADRENNIUM (2019 – 2023)
Resolution – Amendments to Regulations of Canon VIII
November 2019
Moved by: Ms. Kim Chadsey
Seconded by: Canon Hugh Mackenzie
Be it resolved:
See PDF for details of resolution
ADOPTED #CoGS 013-11-19
Resolution – General Synod Benefit Plans Administration and Expenses Regulation Pursuant to Section 4 of Canon VIII
November 2019
Moved by: The Most Rev. Gregory Kerr-Wilson
Seconded by: Mr. Chris Wood
Be it resolved:
That the Council of General Synod approves the recommendation of the Pension Committee to maintain 0.5% expense fund contribution (General Synod Benefit Plans Administration and Expenses Regulation Made Pursuant to Section 4 of Canon VIII) effective January 1, 2020.
ADOPTED #CoGS 014-11-19
Rationale: GSPP employers currently contribute 1.3% of earnings. Additional expense contributions in addition to contributions to the plan will be a deterrent to new groups. Analysis has shown that it is sustainable to pay administration expenses from the plan. As an interim measure, maintain 0.5% expense fund contribution until new groups join.
Resolution – Amendments to GSPP Trust Agreement
November 2019
Moved by: The Rt. Rev. David Edwards
Seconded by: Ms. Kim Chadsey
Be it resolved:
See PDF for details of resolution
ADOPTED #CoGS 015-11-19
Resolution – Amendments to SIDB
November 2019
Moved by: Canon Hugh Mackenzie
Seconded by: Canon Ian Alexander
Be it resolved:
See PDF for details of resolution
ADOPTED #CoGS 016-11-19
Resolution – Amendments to Regulations of Canon VIII – Regulation 1
November 2020
Moved by: Mr. Chris Wood
Seconded by: Canon David P. Jones
Be it resolved:
That the Council of General Synod approves the following recommendations of the Pension Committee to amend Regulation 1 of the General Synod Regulations effective January 1, 2020.
Bold indicates addition. Strikethrough indicates deletion
Amendments to Regulation 1 (“Definitions”)
Section 4 of Regulation 1 is edited to read as follows:
4. “Back Service” means the years served after ordination or after employment by any the Church organization, or any other body in the Anglican Communion, and before being enrolled in the Plan for which no funds were transferred to the Plan from any other pension program;
Rationale An amendment is proposed to Section 4 of Regulation 1 (Regulations of Canon VIII) to allow members to buy back service from any employer within the Anglican Communion (reference: General Synod Handbook) including a non-participating employer (effective January 1, 2020).
ADOPTED #CoGS 009-11-20
Resolution – Amendments to Regulations of Canon VIII – Regulations 3 and 5
November 2020
Moved by: Ms. Dale Drozda
Moved by: Canon David P. Jones
Be it resolved:
See PDF for details of resolution
ADOPTED #CoGS 011-11-20
Resolution – Child Allowance
November 2020
Moved by: Canon David P. Jones
Seconded by: Mr. Chris Wood
Be it resolved:
That the Council of General Synod approves the Endowment Fund of the Anglican Church of Canada Regulation, made pursuant to Section 4 of Canon VIII, for enabling Child Allowance payments out of the Endowment Fund effective January 1, 2020. The Regulation is attached to this report as Appendix 1.
Rationale: Regulations of Canon VIII was amended to remove child allowance from the plan. Effective January 1, 2020, any new application for child allowance will be paid out of the Endowment Fund and a separate Regulation was drafted for enabling these payments out of the Endowment Fund. Any Child Allowance already in pay before the effective date will continue to be paid from the plan until the entitlement is satisfied. Attached to this report as Appendix 1 is the Endowment Fund of the Anglican Church of Canada Regulation, made pursuant to Section 4 of Canon VIII, for enabling Child Allowance payments out of the Endowment Fund.
ADOPTED #CoGS 012-11-20
See A171 – Pension Committee November 2020 Appendix 1.
Resolution – General Synod Pension Plan – Canon VIII
May 2021
Moved by: The Most Rev. David Edwards
Seconded by: Canon David P. Jones
Be it resolved that The Council of General Synod approve the recommendation of the Pension Committee to make the following amendments effective July 1, 2021.
- Reinstating the unreduced early retirement provision based on 35 years of contributory service for actives and restoring the pensions to those eligible, who retired since 2015, when this provision was removed.
- Upgrading pensions accrued from 1.8% to 2.0% of pensionable salary, for the years 2010 to 2020 inclusive, for all retired, active and deferred members.
- Applying a 5% increase to the total pension accrued to December 31, 2020 for active, deferred and retired members.
ADOPTED #CoGS 004-05-21
Resolution – General Synod Pension Plan – Canon VIII – Regulation 5 and Schedule A of Regulations of Cannon VIII
May 2021
Moved by: Canon David P. Jones
Seconded by: Canon Hugh Mackenzie
Be it resolved that The Council of General Synod approve the recommendation of the Pension Committee to make the amendments to Regulation 5 and Schedule A of the Regulations of Canon VIII, as attached to the report in Appendix A, effective July 1, 2021.
ADOPTED #CoGS 005-05-21
See A171 – Pension Committee May 2021 Appendix A.
Resolution – General Synod Pension Plan – Canon VIII – Regulation 12 of Regulations of Canon VIIIMay 2021
Moved by: Canon David P. Jones
Seconded by: Mr. Chris Wood
Be it resolved that The Council of General Synod approve the recommendation of the Pension Committee to make the amendments to Regulation 12 of the Regulations of Canon VIII, as attached to the report in Appendix B, effective January 1, 2021.
ADOPTED #CoGS 006-05-21
See A171 – Pension Committee May 2021 Appendix B.
Resolution – General Synod Pension Plan – Canon VIII – Motion 1
November 2021
Moved by: Canon David P. Jones
Seconded by: Ms. Judith Moses
Be it resolved that the Council of General Synod approve the recommendation of the Pension Committee to make the amendments to Regulation 1 and 12 of the Regulations of Canon VIII, as attached to the report in Appendix 1, effective January 1, 2021.
ADOPTED #CoGS 004-11-21
See A171 – Pension Committee November 2021 Appendix 1.
Resolution – General Synod Pension Plan – Canon VIII – Motion 2
November 2021
Moved by: Canon David P. Jones
Seconded by: The Most Rev. David Edwards
Be it resolved that the Council of General Synod approve the recommendation of the Pension Committee to cease contributions to Expense Fund and eliminate the 0.5% contribution that the participating employers are currently paying in accordance with the General Synod Benefit Plans Administration and Expenses Regulation, made pursuant to section 4 of Canon VIII, effective January 1, 2022.
ADOPTED #CoGS 05-11-21
Resolution – General Synod Pension Plan – Canon VIII – Part 1 (Revised Motion)
March 2022
Moved by: Canon David P. Jones
Seconded by: The Rev. Dr. Karen Eagan
(i) Be it resolved that The Council of General Synod approve the recommendation of the Pension Committee to approve the restated Regulations attached to the report in Appendix 1, with the following changes in Part 3 (Contributions) paragraph 1 (a) and paragraph 2 (a) to read “2.1 or 2.2.”
ADOPTED #CoGS 003-03-22
See A171 – Pension Committee March 2022 Appendix 1.
Resolution – General Synod Pension Plan – Canon VIII – Part II (Revised Motion)
March 2022
Moved by: Canon David P. Jones
Seconded by: The Rev. Dr. Karen Eagan
(ii) Be it resolved that The Council of General Synod approve the recommendation of the Pension Committee to increase pensions accrued to December 31, 2021 up to 9% starting on July 1, 2022, subject to Trustee discretion to reduce the amount and / or change the effective date of this improvement at their meeting in May 2022.
ADOPTED #CoGS 004-03-22
Resolution – GSPP Benefit Improvements
Email Ballot – June 2022;
Read into CoGS Minutes November 2022
Moved by: Canon David P. Jones
Seconded by: The Rev. Dr. Karen Egan
That the Council of the General Synod approve the amendment to Schedule A of the regulations of Canon VIII proposed by the Pension Committee.
Background:
The proposed amendment reads:
Section 11 is added to Schedule A as follows:
11.The amount determined as of December 31, 2021 in accordance with Regulation 5.1 with respect to a Member shall be increased by 9.0% effective July 1, 2022. For greater clarity, this increase applies to all Active Members, Inactive Members and Retired Members as of December 31, 2021.
Email ballot distributed: June 9, 2022
Voting closed: June 13, 2022
Results
ADOPTED #CoGS 005-11-22
Resolution – General Synod Pension Plan – Canon VIII
November 2022
Moved by: Canon David P. Jones
Seconded by: The Rt. Rev. Andrew Asbil
Be it resolved that The Council of General Synod approve the recommendation of the Pension Committee to make the amendments to Regulations 7, 8, 9 & 12 of Canon VIII, as attached to the report in Appendix 1, effective January 1, 2022.
ADOPTED #CoGS 008-22-11
See A171 – Pension Committee November 2022 Appendix 1.
Resolution – General Synod Pension Plan – Canon VIII – Motion 1
March 2023
General Synod Pension Plan – Canon VIII – Motion 1
Moved by: Dr. Michael Siebert
Seconded by: The Rev. Dr. Karen Egan
Be it resolved that The Council of General Synod approve the recommendation of the Pension Committee to provide a 2% benefits increase to all active members, inactive members and retired members effective July 1, 2023, in respect of accrued pensions as at December 31, 2022.
ADOPTED #CoGS 009-23-03
General Synod Pension Plan – Canon VIII – Motion 2
March 2023
Moved by: The Rt. Rev. Andrew Asbil
Seconded by: Mr. Scott Wicks-Potter
Be it resolved that The Council of General Synod approve the recommendation of the Pension Committee to make the amendment to Schedule A of Canon VIII, as attached to the report in Appendix 1, effective July 1, 2023.
ADOPTED #CoGS 010-23-03
Rationale: This amendment allows for the increase of pension accrued to December 31, 2022 as the benefit improvement granted to utilize excess assets in 2023.
See A171 – Pension Committee March 2023 Appendix 1.
General Synod Pension Plan – Canon VIII – Motion 3
March 2023
Moved by: Ms. Judith Moses
Seconded by: Mr. Chris Wood
Be it resolved that The Council of General Synod approve the recommendation of the Pension Committee that a 10-year guarantee be added to normal form of pension for single active, retired (including Quebec members that have already made an election), deferred vested members, with effect from July 1, 2023.
ADOPTED #CoGS 011-23-03
General Synod Pension Plan – Canon VIII – Motion 4
March 2023
Moved by: Ms. Kim Chadsey
Seconded by: The Rt. Rev. Joey Royal
Be it resolved that The Council of General Synod approve the recommendation of the Pension Committee to make the amendment to Regulation 7 of Canon VIII, as attached to the report in Appendix 2, effective July 1, 2023.
ADOPTED #CoGS 012-23-03
Rationale: This amendment changes the normal form of pension for unpartnered members at retirement from a life only pension to a lifetime pension guaranteed for 10 years. This change is applicable to all members of the GSPP beginning on the effective date. For clarity, for current retirees who have been retired for less than 10 years and did not have a spouse at retirement, the pension will be guaranteed until the end of the 120 payments from the date of retirement.
See A171 – Pension Committee March 2023 Appendix 2.
