Pension Reserve Fund

 

In response to the actuarial valuations of the Methodist Ministers’ Pension Scheme and the Pension and Assurance Scheme for Lay Employees of the Methodist Church, the Conference of 2021 passed the following resolution. “The Conference asks every church, Circuit and District to consider giving freely, generously and according to their ability, towards a target of 15% of all balances held across the Church (which equates to £45m of the estimated £300m balance) to provide additional contributions to the Pension Reserve Fund and to transfer the funds to the Connexion by 31 December 2021.” The background to this ask can be found in the Conference Report Pension Scheme Actuarial Valuation

 

The ask was communicated alongside the Conference Business Digest and can be found here Pension Funding Communication

 

We are very grateful for the care and thought that has gone into the responses from across the Connexion. Some frequently asked questions have been produced to explain more about the circumstances surrounding this request and can be found here 

 

Further information on how transfers can be made to the Pension Reserve Fund can be found here

 

The form for making transfers from Central Finance Board can be found here 

 

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