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Presbyterian Pension Plan Rejected For Ministers
A special committee urged the Presbyterian Church in the U S A not to boost pensions for retired and disabled ministers. They studied raising the minimum from $600 to $1200, requiring a $21 million reserve increase and a 27 percent hike in church minister contributions, which could deter participation. The assembly is expected to back the recommendation.
MENTIONED IN THIS ARTICLE
Cincinnati
Presbyterian Church
General Assembly
Assembly
Donald Hibbard
Board of Pensions
Henry Knox Sherrill
Protestant Episcopal Church
National Council of Churches of Christ