Church of England Pensions Board
The Church of England Pensions Board was established by the
Church Assembly in 1926 as the Church of England's pensions
authority. Subsequently it was given wider powers and its principal
powers and responsibilities are now -
- to act as administrator of the clergy pensions scheme and
trustee of the the fund providing benefits in respect of service
from 1 January 1998
- to act as trustee and administrator of the Clergy (Widows and
Dependants) Pension Fund, the Church Workers Pension Fund and the
Church Administrators Pension Fund
- to administer the Church's retirement housing schemes
- to act as trustee of two charitable funds providing -
- housing assistance, supported accomodation and nursing home
care for retired clergy, widow(er)s, deaconesses and licensed lay
workers
- discretionary augmentation grants for beneficiaries on low
incomes
- to act as administrator under the Ordination of Women
(Financial Provisions) Measure.
There is also a partnership between the Board and dioceses in
financial commitments towards discretionary grants and housing, and
at the level of personal pastoral service through Widows Officers,
archdeacons and Retirement Officers.
The Board currently -
- administers pension schemes with over 32,000 members for over
250 employers
- provides almost 3,000 retired clergy households with retirement
accommodation through the CHARM scheme
- supports and maintains seven Christian retirement communities
through its network of supported housing schemes
- provides 24 hour nursing care to the more frail and needy
retired clergy at its Manormead Care Home
- manages fund totalling around £1bn