THURSDAY'S NEWS
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Clergy pensions fund
contributions to rise
A bill seeking to ensure the future solvency of the Clergy Pensions
Fund by raising contributions to the Fund was passed today.
The recent actuarial valuation of the Clergy Pensions Fund found
a funding gap and the Synod heard on Tuesday that government legislation,
as well as the Church’s own interest in maintaining the Fund
in a healthy state, made it imperative to act to correct the shortfall.
The RCB and Church of Ireland Pensions Board both gave their support
to the proposal approved on its third reading today, which will
raise the contribution rate by the necessary total of 3.1%, split
proportionally between the parish/diocese, members of the clergy
and the RCB.
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