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Resolution A 138 Mandates Lay Pension Benefits

Resolution A 138 states that

• This Church establish a mandatory lay employee pension system for employees who are scheduled to work a minimum of 1,000 hours (20 hours per week) annually for any domestic Diocese, Parish, Mission or other ecclesiastical organization.

• If a defined benefit plan is selected, the employer assessment and/or contribution shall be not less than nine (9) percent of the employee’s compensation.

• If a defined contribution plan is selected, the employer shall contribute not less than five (5) percent of the employee’s compensation and match at least four (4) percent of the employee’s contributions.

• Pension benefits should be established no later than January 1, 2012.

Please contact Zee Turnbull or Maleree Tunson should you need assistance.