*** DEBUG START ***
*** DEBUG END ***

The Pensions Board and state provision

by
08 February 2013

iStock

From the Bishop of Dudley
Sir, - As the outgoing vice-chair of the Pensions Board and incoming chair of the Remuneration and Conditions of Service Committee of the Archbishops' Council, may I reassure your readers on the concerns raised by Canon Earis ( Letters, 1 February)?

The decision of the General Synod to opt clergy back into the second state pension (S2P) in 2010 was perfectly sound, and was taken in full knowledge of the long-term uncertainties surrounding the future of state pensions. Opting in to S2P was an essential element of the changes that enabled the defined-benefit scheme to be kept open at a moment when the deficit was £262 million, and most other organisations were closing their schemes.

It enabled the Church to preserve as generous as possible a scheme for the clergy, which also remained affordable to those in the pews who ultimately pay the contributions.

The present Government has been thinking aloud about the state pension since 2010, and making periodic statements to that effect. A draft Bill, technical note, and impact assessment have recently been published, and a technical analysis of the proposals will be brought to the Remuneration and Conditions of Service Committee for further discussion.

Further changes to the proposed legislation are highly likely during its progress, and the new pension arrangements are not due to begin before 2017 at the earliest.

Even with the benefit of hindsight, it would have been unwise to have bet the Pension Scheme family silver in 2010 on future government policy changes that even now remain unclear.

DAVID WALKER
Church of England Pensions Board
29 Great Smith Street
London SW1P 3PS

Browse Church and Charity jobs on the Church Times jobsite

Letters to the editor

Letters for publication should be sent to letters@churchtimes.co.uk.

Letters should be exclusive to the Church Times, and include a full postal address. Your name and address will appear below your letter unless requested otherwise.

Forthcoming Events

Green Church Awards

Awards Ceremony: 6 September 2024

Read more details about the awards

 

Festival of Preaching

15-17 September 2024

The festival moves to Cambridge along with a sparkling selection of expert speakers

tickets available

 

SAVE THE DATE

Festival of Faith and Literature

28 February - 2 March 2025

The festival programme is soon to be announced sign up to our newsletter to stay informed about all festival news.

Festival website

 

ViSIt our Events page for upcoming and past events 

The Church Times Archive

Read reports from issues stretching back to 1863, search for your parish or see if any of the clergy you know get a mention.

FREE for Church Times subscribers.

Explore the archive

Welcome to the Church Times

 

To explore the Church Times website fully, please sign in or subscribe.

Non-subscribers can read four articles for free each month. (You will need to register.)