31 Pensions


RESOLUTIONS

31/1. The Conference receives the Report.

31/2. The Conference directs that increases to pensions in payment in relation to both past and future service be linked to the Consumer Price Index rather than Retail Price Index with effect from 1 September 2018.

31/3. The Conference agrees to evaluate any reduction in contributions rates from 1 September 2018 as part of the 2017 actuarial valuation with the aim of reducing contributions in proportion to the current contribution rates if the funding position could support such a reduction in contribution rates.

31/4. The Conference directs the Trustees to consider awarding discretionary increases on or after 1 September 2018 if the funding position could support such an increase and subject to consultation with the MMPS actuary and agreement with the Conference.

31/5. The Conference directs that consideration be given to using the Pension Reserve Fund to cover the cost of the financial impact of continuing using Retail Price Index for pension increases awarded on 1 September 2016 and 1 September 2017.

31/6. The Conference notes the increases to pensions in payment from 1 September 2016.

31/7. The Conference agrees that the Rules of MMPS be amended, with and on the consent of the Trustee:

  • to allow individual directors of the trustee company, Methodist Ministers' Pension Trust Limited, to be paid from the Scheme for carrying out their role as part of the company on behalf of the Scheme and that the fees or remuneration shall be determined by the Trustee provided that the Conference shall have full power to review, revoke or amend such determination, and
  •  to make clear that the Rules of the Scheme shall prevail over the company's articles.

31/8. The Conference notes that the Trustee will amend the articles of Methodist Ministers' Pension Trust Limited to allow for an additional church nominated director.

31/9. The Conference appoints Ms Ingrid Kirby as an independent director and Mr Andrew Paul as a director of the Methodist Ministers' Pension Trust Limited.

31/10. The Conference re-appoints Mr Ron Calver and Mr John Wyatt as directors of Methodist Ministers' Pension Trust Limited.

31/11. The Conference notes the re-appointment of the Revd Michael Giles as member nominated director of the Methodist Ministers Pension Trust Limited.

31/12. The Conference agrees that the Trust Deed governing Rules of PASLEMC be amended by the Trustee:

  • to allow individual directors of the trustee company, Methodist Lay Employee Pension Trust Limited, to be paid from the Scheme for carrying out their role as part of the company on behalf of the Scheme and that the fees or remuneration shall be determined by the Trustee provided that the Conference shall have full power to review, revoke or amend such determination, and
  • to make clear that the Trust Deed and Rules of the Scheme shall prevail over the company's articles.

31/13. The Conference notes that the Trustee will amend the articles of the Methodist Lay Employees' Pension Trust Limited to allow for an additional employer nominated director.

31/14. The Conference notes the automatic re-enrolment of relevant ministers and Methodist Council employees with effect from 1 September 2016.

See also Memorials 17 and 18