| Resolution Number: | 2000-D102 |
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| Title: | Urge CPF to Develop Investment Policies in Keeping with the Jubilee Year |
| Legislative Action Taken: | Concurred as Amended |
| Final Text: | |
Resolved, That the 73rd Convention urge the Church Pension Fund Board to develop policies consonant with the celebration of the Jubilee Year of Justice:
| 1) | Continue the development and implementation of a socially responsible screen to guide the development of an investment portfolio that conforms to the positions taken by the conventions of the Episcopal Church (e.g., tobacco, firearms, environmental concerns, and treatment of employees). |
| 2) | Explore dedicating a small percentage of the assets of the Pension Fund (e.g., 5%) to investments which achieve the economic development of lower income people in rural and urban neighborhoods both in this country and in developing nations. |
| Citation: | General Convention, Journal of the General Convention of...The Episcopal Church, Denver, 2000 (New York: General Convention, 2001), p. 583. |
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Legislative History
| Author: | |
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| Originating House: | House of Bishops |
| Originating Committee: | Committee on Church Pension Fund |
House of Bishops
Original Text of Resolution:
(D102)
Resolved, the House of Deputies concurring, That in this Jubilee Year 2000 the 73rd Convention of the Episcopal Church commend the Church Pension Fund for developing and managing a vehicle whereby lay and clergy employees of the Church can provide for their retirement; and be it further
Resolved, That the 73rd Convention urge the Pension Fund Board to develop policies consonant with the celebration of the Jubilee Year of Justice:
| 1) | Develop a socially responsible screen to guide the development of an investment portfolio that conforms to the positions taken by the conventions of the Episcopal Church (e.g., tobacco, firearms, environmental concerns, and treatment of employees). |
| 2) | Dedicate a small percentage of the assets of the Pension Fund (e.g., 5%) to investments which achieve the economic development of lower income people in rural and urban neighborhoods both in this country and in developing nations. |
| 3) | Develop and implement a plan to achieve parity in the benefits of the pension plans for lay and clergy employees. |
Committee Amendment:
Resolved, the House of Deputies concurring, That in this Jubilee Year 2000 the 73rd Convention of the Episcopal Church commend the Church Pension Fund for developing and managing a vehicle whereby lay and clergy employees of the Church can provide for their retirement; and be it further
Resolved, the House of Deputies concurring, That the 73rd Convention urge the Church Pension Fund Board to develop policies consonant with the celebration of the Jubilee Year of Justice:
| 1) | Continue the development and implementation of a socially responsible screen to guide the development of an investment portfolio that conforms to the positions taken by the conventions of the Episcopal Church (e.g., tobacco, firearms, environmental concerns, and treatment of employees). |
| 2) | Explore dedicating a small percentage of the assets of the Pension Fund (e.g., 5%) to investments which achieve the economic development of lower income people in rural and urban neighborhoods both in this country and in developing nations. |
Motion carried
Resolution adopted with amendment
(Communicated to the House of Deputies in HB Message #126)
House of Deputies
The House of Deputies Committee on Church Pension Fund presented its Report #6 on HB Message #126 on Resolution D102 (On Church Pension Fund Policies) and moved concurrence.
The House concurred
(Communicated to the House of Bishops in HD Message #172)
Resolution Concurred by Both Houses, July 12.
| Abstract: | The 73rd General Convention urges the Church Pension Fund to develop investment policies based on principles of the Jubilee Year of Justice. |
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