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Wespath Benefits and Investments (formerly known as General Board of Pension and Health Benefits) is an American non-profit pension agency affiliated with the United Methodist Church. Wespath supervises and administers retirement plans, investment funds, health and welfare benefit plans for active and retired clergy and lay employees of the Church. In accordance with its fiduciary duties ...
Facts Richard Harries, Bishop of Oxford, challenged the Commissioners to change their investment policy. 85% of the fund provided income for stipends for serving clergy, pensions for retired clergy and housing for both. Harries argued that investments should not be selected that were incompatible with ‘the promotion of the Christian faith through the Church of England ’ even if it involved ...
The African Methodist Episcopal Church is the target of a class-action lawsuit filed on March 22 by as many as The post AME Church faces $90M class-action lawsuit related to retiree pension fund ...
The Church Commissioners is a body which administers the property assets of the Church of England. It was established in 1948 and combined the assets of Queen Anne's Bounty, a fund dating from 1704 for the relief of poor clergy, and of the Ecclesiastical Commissioners formed in 1836. The Church Commissioners are a registered charity regulated by the Charity Commission for England and Wales ...
The employees in effect accuse the hospital systems of being big businesses posing as church organizations in order to avoid rules on pension plans.
The purpose of the National Council was to provide a forum to coordinate common programs and organizations of Congregational churches, such as managing a pension fund for Congregationalist ministers.
The Christian Church (Disciples of Christ)[note 1] is a mainline Protestant Christian denomination in the United States and Canada. [2][3] The denomination started with the Restoration Movement during the Second Great Awakening, first existing during the 19th century as a loose association of churches working towards Christian unity, then slowly forming quasi-denominational structures through ...
Divestment The church stated in 1971 (UPCUSA) and 1976 (PCUS) that it has a responsibility to ensure that its funds (such as the Pension Trust for Retired Church Workers) be invested responsibly and consistent with the church's mission. The reunited church formed the Committee for Mission Responsibility Through Investing (MRTI) in 1986. The MRTI Committee carried out the General Assembly's ...
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