The Living Church
The Living Church | March 23, 1997 | New Retirement Plan Supported | 214(12) |
A proposal which will give clergy an option to retire early has been supported by the trustees of the Church Pension Fund. When the trustees met Feb. 20 in New York City, they voted unanimously to support a proposal which will permit clergy with 30 years credited service to retire, with the approval of their diocesan bishop, without a reduction in benefits. The proposal was developed by the Wellness Initiative Advisory Committee, under the leadership of the Rev. James C. Fenhagen following three years of discussion and study. The committee also recommended improved benefits for retired clergy and surviving spouses. The Rev. Donald E. Bitsberger, vice chair of the fund, said substantial increases in the minimum benefits for retired clergy and surviving spouses will be announced no later than the April 17 meeting of the board of trustees. The 30-year early retirement option will be presented to General Convention in Philadelphia July 16-25 as the basis for the revision and adjustment of the rules of the Church Pension Fund as soon as practicable. "Its importance would be to make possible for clergy at the end of their careers to do ministry differently," Fr. Fenhagen said. |