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In its 2019 budget, released on April 11, 2019, the Ontario government announced it will update the Target Benefit Pension Plan framework to include multi-employer pension plans with participating employers outside of the collective bargaining environment. In support of this announcement, we made the attached press release on Canadian news networks.  

This change impacts the General Synod Pension Plan in the way we have been requesting for the past decade, as we expect it will lead to permanent solvency funding relief for the Plan.

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For further information please contact the Anglican Church Pension Office at 416-960-2484 or 1-800-265-1070.