Full Legislative History
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 DateContributionMatch
January 1, 2013 0% 0%
January 1, 2014 1% 0%
January 1, 20152%1%
January 1, 20163%2%
January 1, 20174% 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.