Reformed Presbyterian Minutes of Synod 1993

58 1993 MINUTES OF THE SYNOD OF THERecommendation No. 1• That Synod instmct the presbyteries to include in the minutes of eachinstallation service the date that the teaching elder actually startedworking in the congregation. This is needed because participants areenrolled in the pension plan on the first of the month foUowing the datethey actually start working.It has come to our attention that a number of people have opted out oSocial Security. Our pension plan cannot adequately provide for a youngfamily without the help of Social Security. Should you opt out, you needto purchase adequate insurance coverage to provide for your family (tosupplement the benefits paid by the pension tmstees).For your information:The Severance Pay Program—We wish to inform all presbyteries andAd Interim Commissions that the Pension Tmstees are unable to fund threemonths of severance pay. This is due to the tough financialsituation wefind ourselves in at this time. We do not wish to discontinue or modify thisProgram that serves as a safety net for pastors and their families. We askthat the Pension Tmstees be responsiblefor a maximum of 1/3 of the totalof a 3-month severance pay figure. See 7997 Minutes of Synod, pp 23-25for the details of this program.The Pension Tmstees have changed the Moving Allowance Program toread, "The Pension Tmstees will pay an allowance equal to 50% of themoving expenses, up to a maximum pay out of $2,000 toward the once-ina-lifetimemoving allowance ...." Also changed: we are removing thedollar amounts listed under the heading "The following costs will becovered: . . . ." to read "The following costs may be included into thecalculation of moving costs aUowed:1. Transportation of household goods, including library books.2. Expenses associated with packaging (loading and unloading).3. Transit insurance on household and personal effects.4. A once-in-a-lifetime allowance for travel from the last place ofministry to retirementlocation including: Mileage paid at a rate approvedby Synod for all travel; Reasonable hotel, motel and meal costs." See 7997Minutes of Synod, pp 25-27.CONTRIBUTIONSThe Tmstees are recommending that Plan B continue to be upgraded byhaving employers (as defined by Plan B) contribute a minimum contributionrate of $1,600 for each participant in 1994. The amount is to beforwarded by the congregational/presbyterial treasurer to the denominationaltreasurer quarterly (4 x $ 400), and will be credited to the respective