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EN
Pension boost for clergy on its way
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Church Times
Alongside other improvements, this would provide a full clergy pension, after 40 years, in excess of £20,000 a year in today’s money, which together with a full state pension would give an income in retirement of more than £32,000 per annum. The Church of England Funded Pensions Scheme (CEFPS) — the occupational pension scheme for stipendiary clergy and certain other office holders — provides pensions to clergy for service from 1998 onwards. In the same year as the study, the Pensions Board reported “almost unprecedented levels” of demand for retirement housing from the Church, driven by an increase in retirements, and the knock-on impacts of the pandemic, which saw some clergy delay retirements or bring them forward (News, 13 October 2023).