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This uniform law is adopted state by state, and therefore the law may be slightly different in each state. For example, on September 20, 2010, New York Gov. David Paterson signed into law the New York version of UPMIFA called the New York Prudent Management of Institutional Funds Act or NYPMIFA. [8]
The church stated in 1971 (UPCUSA) and 1976 (PCUS) that it has a responsibility to ensure that its funds (such as the Pension Trust for Retired Church Workers) be invested responsibly and consistent with the church's mission. The reunited church formed the Committee for Mission Responsibility Through Investing (MRTI) in 1986.
Wespath Benefits and Investments (formerly known as General Board of Pension and Health Benefits) is an American non-profit pension agency affiliated with the United Methodist Church. Wespath supervises and administers retirement plans , investment funds, health and welfare benefit plans for active and retired clergy and lay employees of the ...
Its statutory designation distinguishes the fund as a trust rather than a special fund. The Highway Trust Fund is an example of trust funds. [51] Trust Revolving Funds are business-like activities, designated by statute as trust funds. They are, otherwise, identical to public enterprise revolving funds. [51]
Eligibility for teaching Catholic religion is given by the Diocesan Ordinary (Art. 3, par. 4), a territorial official of the Catholic Church. Previously, given the only legislation that stipulates that the State compulsorily organizes the hour of religion teaching but that students can join it optionally, the state hired religious education ...
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The Perpetual Education Fund functions as an endowment, meaning that all loans are made from interest, while the corpus (or body of the fund) remains intact. [citation needed] All donations made to the fund go to the fund corpus. Anyone may donate to the PEF, regardless of affiliation with the LDS Church, and donations have been made by members ...
While the Archdiocese of the Military Services is a Latin Church jurisdiction, clergy from the Eastern Catholic Churches may receive endorsement by the archdiocese. However, the Eastern Catholic priests must maintain bi-ritual faculties and be able to celebrate the sacraments in the ordinary form of the Roman Rite. [3]