Church of England reviews its defined benefits pension scheme

The Church of England is reviewing its defined benefit pension scheme in a bid to keep it open to all employees.

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The proposals include increasing the accrual period for a full pension from 37 to 40 years for future employees.

The plans will be debated at the Church of England’s national assembly later this month. The debate is the culmination of a major consultation exercise within the Church on the Clergy Pensions: the Way Forward report by the Archbishops’ Task Group.