Canon XIV: The Church Pension Fund

Canon XIV: The Church Pension Fund

Section 1. It shall be the duty of this Diocese and of each Parish or Worshiping Community, and other ecclesiastical organization to inform the Church Pension Fund of current or past salaries and other compensation of clergy associated therewith or resident therein, and of changes in such salaries and other compensations as they occur and to pay promptly to the Church Pension Fund the pension assessments required under the Canons of General Convention and in accordance with the Rules of said Fund.

Section 2. It shall be the duty of every cleric canonically resident or serving in this Diocese to inform the Church Pension Fund promptly of such facts as the Trustees thereof may deem necessary for its proper administration, and to cooperate with said Fund in such other ways as may be appropriate to assist the Fund in discharge of its canonical obligations.

Section 3. It shall be the duty and obligation of this Diocese and of each Parish and Worshiping Community, and other ecclesiastical organizations or bodies subject to the authority of the Diocese of Connecticut which under the regulations of the Church Pension Fund have elected or shall elect to come into the pension system, to provide all lay employees who are regularly scheduled to work a minimum of 1,000 hours or more annually retirement benefits through participation in The Episcopal Church Lay Employees Retirement Plan (ECLERP) of the Church Pension Fund or in an equivalent plan, the provisions of which are least equal to those of ECLERP. At its commencement, if the plan is a defined benefit plan, the employer contribution shall be not less than 9% of the employee’s salary; if the plan is a defined contribution plan, the employer shall contribute not less than 5% and agree to “match” employee contributions of up to another 4%.