1.      Restoration of 100% Value

Where 100% of value is defined as 100% of contributions plus the interest which would have been earned if ALL funds remained in the secure investment (Symetra). In some instances, this amount exceeded 1.5%, but it was never less than 1.5%.

2.      No less than 1.5% annual interest on participant accounts from June 2021 until the time of full restoration.  

 3.      Statements showing interest earned from June 2021 through the present and continuing until the closing (final distributions) of the Legacy Fund.

 4.      No legal fees to be assessed to the Legacy Fund participants. No reduction of Legacy Fund benefits to support legal and professional fees associated with litigation.

 5.      The full restoration of all funds, and satisfaction of debts associated with litigation and restoration, by the 2036 General Conference. 

Persons who have already retired will be immediately made whole with newly infused funds.  The same is to be applied to the beneficiaries of the departed, past and future. Others will be made whole, including interim earned interest, at the time of separation. All persons will be made whole regardless of their status by 2036.

 6.      The movement of Legacy Funds to a management account which will provide participant controls and higher benefits, such as the Wespath PIP.

 7.      The establishment of Fund Trustees made up of clergy and lay who are NOT members of the General Board. These persons should not have to have been general conference delegates. They should possess appropriate qualifications and serve limited terms.

 8.      Currently held Legacy Funds must not be used to pay current separation obligations above the proportional share of the exiting participant. Only newly infused funds may be used for a disproportionate division of assets.

Current retirees must not be allowed to exit with assets while remaining participants must trust the “promise” that their funds will be there when it is their time to exit the program.  This puts an unfair risk on the younger to benefit the older.  We are not the USA government. Our track record is soiled with flaws and documented reasons to make this approach negligent and unfair.

However, new funds, whether from a general budget infusion or investment returns from new funds, would be intended to benefit the older class of exiting participants disproportionately, by definition.  The funds are provided so earlier retirees will depart with 100% of the expected benefit. 

9.      Current Participants must receive 100% of the interest, dividend, or other appreciation of value less only a reasonable transaction/administrative fee which shall not exceed 2% per annum on any investment of Legacy Funds except in the case of a contractual relationship with a third-party administrator. 

10. The choice of third-party administrator, and any individual business/investment allocations, of Legacy Fund assets must be approved or ratified by a majority of the participants as determined by an independent voting/polling firm.