Petition Text: 20715-FA-NonDis-O

Whereas, the 1995 session of the Northern Illinois Conference has acted to conduct a major capital stewardship campaign to respond to the unfunded liability of those with service under the Ministers Reserve Pension Fund (MRPF);

And whereas, this liability increases each year with increases in the benefit level;

And whereas, the number of active clergy and lay participants with service years before 1982 under the MRPF is limited and our liability can be defined using actuarial tables;

And whereas, other conferences find themselves in the same situation;

And whereas, changes in Supplement One of the Ministerial Pension Plan (MPP) administered by the General Board of Pension and Health Benefits can only be made with General Conference action;

Now therefore, be it resolved, that the General Board of Pension and Health Benefits be directed to create and implement a voluntary program to permit participants with service under the MRPF to convert their MPP Supplemental One Benefit defined benefit into an MPP defined contribution benefit; provided consent to such conversion is granted by the Annual Conference responsible for such service upon recommendation of such conference's Board of Pensions.

General Conference Index | PETS Index | Petition Information Index

General Conference Webmaster: Susan Brumbaugh
PETS Creator: John Brawn

Petition Text: 20715-FA-NonDis-O
1996 United Methodist General Conference