1605. Permanent Funds--1. The Chartered Fund shall be administered by the General Board of Pension and Health Benefits for the benefit of all the annual and provisional annual conferences in The United Methodist Church, the boundaries of which are within the United States, its territorial and insular possessions, and Cuba, unless the General Conference shall order otherwise. Once a year the net earnings of the fund, after provision for depreciation, shall be divided equally among such annual and provisional annual conferences in accordance with the restrictive rule contained in 20.
2. The General Board of Pension and Health Benefits shall order and direct that the income from the General Endowment Fund for Conference Claimants (formerly known as the General Endowment Fund for Superannuates of The Methodist Episcopal Church, South) held by The Board of Pensions of The United Methodist Church, Incorporated in Missouri, shall be distributed on account of service of conference claimants rendered in an annual conference of The United Methodist Church; provided, however, that such distribution shall be restricted to annual conferences which, directly or through their predecessor annual conferences, participated in raising this fund, in proportion to the number of approved years of annuity responsibility of each annual conference as shall be determined by the General Board of Pension and Health Benefits.
General Conference Webmaster: Susan Brumbaugh
PETS Creator: John Brawn
1992 Book of Discipline: ¶ 1605
1996 United Methodist General Conference