Petition Text: 22639-FA-NonDis-O

Understanding Petition Numbers

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Be it resolved, that by a majority vote in regular session the 1996 General Conference of The United Methodist Church direct the Board of Trustees (or other appropriate body) of the General Board of Pension and Health Benefits to enact the following revision for the disbursement section of their Policies and Procedurals Manual:

*That this board adopt the permissive legislation of the U.S. Congress in permitting employees (pastors and other lay persons) to leave their personal funds in savings until they are 75 years old if they wish (as opposed to their present policy of the mandated withdrawal of all funds at age 701/2).

*That once this revision is enacted, all persons related to the board (retired and still active) be apprised of this change and be allowed to decide if they elect to withdraw their funds at age 701/2 or 75 years.

*That should an employee (pastor or lay person) decide to keep these funds in the care of the board for a longer period, all appropriate efforts be taken to continue to invest these funds to the benefit of all clients with regular, semi-annual reporting, as in the past.

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Petition Text: 22639-FA-NonDis-O
1996 United Methodist General Conference