Pensions
The Board administers three main pension schemes –
The Church of England Funded Pension Scheme (CEFPS)
provides pensions and benefits for clergy and others in stipendiary ministry for service from January 1998. Benefits earned before 1998 are provided by the Church Commissioners.
The Church Workers Pensions Fund (CWPF)
provides pensions for the staff of employers linked to the ministry and mission of the Church of England. This is the fastest growing scheme as parishes and other church organisations are choosing to join CWPF, to ensure they can offer qualifying employees a pension scheme which meets auto-enrolment standards
The Church Administrators Pension Fund (CAPF)
provides pensions for the staff of the National Church Institutions. The fund has two sections – a defined benefits section which closed to new entrants in 2006, and a defined contribution section.