Synod Says No to Pension Plan Review

News
| |

Synod 2012 said no to a request to have an independent review of the Christian Reformed Church’s ministers’ pension plan. The request came from Classis Minnkota, a regional group of churches.

Synod noted that a review had been done in 2005 and that a similar study investigating numerous plan design changes had been done during Synod 2011. To do so again a year later “would be . . . an additional unnecessary expense.”

Transitioning from the current structure to a plan such as a 401K could be cost-prohibitive to congregations that are already providing funding from their respective churches to their minister’s contribution plan.

Synod agreed that the current plan being offered by the CRC met the standards of being equitable, flexible, and sustainable—the qualities sought by Classis Minnkota.

 

For continuous Banner coverage of Synod 2012, please follow The Banner on Facebook or @CRCBanner on Twitter. News stories will be posted at www.thebanner.org three times daily. For CRC Communications releases, webcast, and more, please visit www.crcna.org/Synod.

About the Author

Jeff Arnold is the Banner’s regional news correspondent for classes Kalamazoo and Lake Erie.

X