Church of England Reviews Defined Benefit Pension Scheme

The Church of England is reviewing its defined benefit pension scheme in an effort to keep it open to all employees.

Increasing the accrual period for a full pension from 37-40 years for future employees will be included in the proposals, in addition to setting up a new policy with no discretionary link between pension and stipend increases for clergy, reports Personnel Today.

A Church of England spokesman said: "Many organisations are currently ending their defined benefit schemes. To avoid having to take such action, the Church of England is considering a range of options to retain the benefits of this type of scheme, which we recognise is an important part of the overall package we offer stipendiary clergy."

The proposals, recommended by the Archbishops' Council Committee, will be debated at the Church of England's General Assembly later this month.
News
Is religion making a comeback among young Americans? Study urges caution
Is religion making a comeback among young Americans? Study urges caution

New research from Pew Research Center suggests that while there are encouraging signs of religious engagement among younger adults, the evidence of a broader resurgence remains inconclusive.

Calls for inquiry into Queensland assisted suicide system
Calls for inquiry into Queensland assisted suicide system

Despite the rise in deaths, the watering down of safeguards has been proposed.

Justin Welby says government reparations for slavery a ‘moral evil’
Justin Welby says government reparations for slavery a ‘moral evil’

Welby was supportive of Project Spire during his time as Archbishop of Canterbury.

South Sudanese churches work for peace as tensions mount
South Sudanese churches work for peace as tensions mount

South Sudan is the world's youngest sovereign nation.