Motion Passes for Board of Pension Rate Increase

Virtual General Conference Vote Results:

The Motion Passes

to Increase Rates for Contributions to the UFMCC USA Pension Plan

 

Please accept this message announcing the result of the 7-8 June 2017, virtual General Conference vote addressing the motion below to increase the investment contributions of MCC churches in the United States.

RESULT: The motion passed with 41 out of 53 clergy and 64 out of 74 lay delegates voting in favor of the motion. There were no abstentions.

Thank you to everyone who thoughtfully and prayerfully considered their votes. The Board of Pensions will now move forward with planning based on these results to ensure the good stewardship of the pension fund now and in the future.

The MOTION:
That each MCC affiliated congregation in the United States provide investment contributions to the MCC Pension Plan according to the following schedule:
 
2018 — $1.00, per member, per month
2019 — $1.25, per member, per month
2020 — $1.50, per member, per month
2021 — $1.75, per member, per month
 

Thereafter, beginning in 2025, the rate of investment will be adjusted every 5 years, up or down, based on inflation or deflation of the US Dollar.

MCC Governing Board
Rev. Elder Rachelle Brown, Interim Moderator; Sarah-Jane Ramage, Vice-Chairperson;
Kimberly Brown, Treasurer; Rev. Joe Cobb, Clerk; Rev. Dr. Stephanie Burns, Angel Collie,
Dr. Mark Dalgleish, Rev. Jakob Hero, Rev. Dr. William Hubbard Knight.

MCC Board of Pensions USA
Rev. Tom Emmett, President; Keith Thompson, Vice-President; Tony Somora, Treasurer;
Jeremiah Nelson, Clerk; Rev. DeWayne Davis, Rev. Alycia Erickson, Rev. Wesley Mullins,
Frieda Smith, Tammy Erwin, Plan Administrator