| Resolution Number: | 2012-C042 |
|---|---|
| Title: | Extend Implementation Period for Lay Employee Pension Plan |
| Legislative Action Taken: | Concurred as Substituted |
| Final Text: | |
Resolved, That the implementation of the mandatory lay employee pension system established in 2009 by the 76th General Convention, which further implemented the action of the 1991 General Convention, be amended as follows:
1. In the case of defined contribution plans of domestic schools subject to the authority of the Church, serving children of any age, all employees scheduled to work at least 1000 hours a year must be a part of either the Lay Employee Pension Plan of the Church Pension Fund or a TIAA-CREF plan.
2. The minimum contribution that such schools must make to a defined contribution pension plan for each qualified employee is identified by the following table:
| Effective Date | Contribution | Match |
| January 1, 2013 | 0% | 0% |
| January 1, 2014 | 1% | 0% |
| January 1, 2015 | 2% | 1% |
| January 1, 2016 | 3% | 2% |
| January 1, 2017 | 4% | 3% |
| January 1, 2018 | 5% | 4% |
3. If a school's contributions to employee pensions are already above the minimum required contribution or match percentage for any year, the school shall not lower the contribution or match in the defined contribution pension program.
| Citation: | General Convention, Journal of the General Convention of...The Episcopal Church, Indianapolis, 2012 (New York: General Convention, 2012), pp. 597-598. |
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Legislative History
| Author: | Diocese of Louisiana |
|---|---|
| Originating House: | House of Bishops |
| Originating Committee: | Church Pension Fund |
House of Bishops
The House of Bishops Committee on the Church Pension Fund presented its Report #1 on Resolution C042 (Extend implementation period for Lay Employee Pension Plan (LEPP)) and moved adoption of a substitute.
Original Text of Resolution
(C042)
Resolved, the House of Deputies concurring, That the 77th General Convention shall amend Title I Canon 8 of the Canons of the General Convention of the Episcopal Church so as to allow each Diocese to extend the timetable of full implementation on a case by case basis of the LEPP until January 1, 2018; and be it further
Resolved, That with an extended implementation period, each vestry, school board, or appropriate governing body will submit an implementation plan to the Ordinary for approval no later than January 1, 2013.
Committee Substitute
Resolved, The House of Deputies concurring, that the implementation of the mandatory lay employee pension system established in 2009 by the 76th General Convention, which further implemented the action of the 1991 General Convention, be amended as follows:
1. In the case of defined contribution plans of domestic schools subject to the authority of the Church, serving children of any age, all employees scheduled to work at least 1000 hours a year must be a part of either the Lay Employee Pension Plan of the Church Pension Fund or a TIAA-CREF plan.
2. The minimum contribution that such schools must make to a defined contribution pension plan for each qualified employee is identified by the following table:
| Effective Date | Contribution | Match |
| January 1, 2013 | 0% | 0% |
| January 1, 2014 | 1% | 0% |
| January 1, 2015 | 2% | 1% |
| January 1, 2016 | 3% | 2% |
| January 1, 2017 | 4% | 3% |
| January 1, 2018 | 5% | 4% |
3. If a school's contributions to employee pensions are already above the minimum required contribution or match percentage for any year, the school shall not lower the contribution or match in the defined contribution pension program.
The question was called.
Motion carried
Debate terminated
A vote was taken on substitute resolution C042.
Motion carried
Substitute resolution adopted
(Communicated to the House of Deputies in HB Message # 41)
House of Deputies
The House of Deputies Committee on Church Pension Fund presented its Report #1 on HB Message #41 on Resolution C042 (Extend implementation period for Lay Employee Pension Plan (LEPP)) and moved concurrence.
Deputy Hart of Pennsylvania moved the previous question.
Motion carried
Debate terminated
A vote was taken on the main motion.
Motion carried
The House concurred
(Communicated to the House of Bishops in HD Message #219)
Resolution Concurred by Both Houses, July 11.
| Abstract: | The 77th General Convention amends the implementation of the mandatory Lay Employee Pension Plan by specifying the terms under which domestic schools and their employees must participate. |
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