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LAY RETIREMENT PLAN RESOLUTION
APPROVED BY THE COUNCIL OF GENERAL SYNOD DURING THE QUADRENNIUM (2019 – 2023)
Resolution – Lay Retirement Plan – Canon IX
November 2021
Moved by: Canon David P. Jones
Seconded by: The Most Rev. Greg Kerr-Wilson
Be it resolved that the Council of General Synod approve the recommendation of the Pension Committee to make the amendments to Regulation 13 of Canon IX and Regulations, as attached to the report in Appendix 2, effective December 31, 2021.
ADOPTED #CoGS 006-11-21
Resolution – Lay Retirement Plan – Canon IX – Appendix 2
November 2021
Appendix 2
Amendment 2021-1
Lay Retirement Plan
Amendment to Regulation 13 (“Amendments & Termination of the Plan”) Effective date:
December 31, 2021
Rationale: To allow the transfer of plan members to the General Synod Pension Plan and to allow the wind-up of theLay Retirement Plan.
Section 3 of Regulation 13 is inserted as follows:
Effective January 1, 2022, the Plan shall be wound up and all active members shall commence toparticipate in the General Synod Pension Plan. All contributions to the Plan, from both members andemployers, shall cease in respect of service after December 31, 2021.