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Forum to give vote for Pension Plan changes

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Calendar: Events
Date: May 28, 2017
Start Time: 12:15pm
End Time: 12:45pm
Added By: Rev. Catherine Dearlove
Description:

This is your opportunity to let Jim, Your Lay Delegate, know how you would like him to vote in the Virtual General Conference next month. The vote is regarding the peoposed plans to the Pension Plan for MCC, which are as folllows:

Background
Since the inception of the MCC Pension Plan in 1984, the assessment for each MCC chartered Congregation has not changed from its current level of $0.75 per member, per month, paid quarterly. Had the Pension assessment kept pace with inflation over the past 33 years, the current assessment would be $1.72.
The Motion:
That each MCC affiliated congregation in the United States provide investment contributions to the MCC Pension Plan according to the following schedule:
2018 -- $1.00, per member, per month
2019 -- $1.25, per member, per month
2020 -- $1.50, per member, per month
2021 -- $1.75, per member, per month

Thereafter, beginning in 2025, the rate of investment will be adjusted every 5 years, up or down,based on inflation or deflation of the US Dollar.

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