PHILADELPHIA, Pa. — The Board of Directors of the Board of Pensions of the Presbyterian Church (USA), responding to multiple stressors including financial projections that the self-insured church plan faces an inflection point in 2014 putting its sustainability at risk due to rising healthcare costs, declining enrollment, an aging demographic and potential impacts of federal…
PHILADELPHIA – John G. McFayden, vice president of church relations, provided an update on prospects for the newly ordained within the Presbyterian Church (U.S.A.) to the Social Responsibility and Church Relations committee of the Board of Directors of the Board of Pensions (BOP) meeting in Philadelphia. The conversation centered around the demographic study of 2010…
PHILADELPHIA — The Board of Directors of the Presbyterian Church (USA)’s Board of Pensions began meeting today (June 27) in Philadelphia. The board will continue to meet in committees on Friday and vote on Saturday morning on the proposed new dues structure for the medical plan. The Social Responsibility and Church Relations committee covered much…
Healthcare Committee Selects Direction for Medical Dues 05/24/2013 The Board of Pensions recognizes both the difficult economic circumstances faced by many Presbyterian Church (U.S.A.) congregations and councils and the importance of ensuring the continuity of Medical Plan protection to those who serve the Church — protection that continues to require increasing revenue to support healthcare…
Matthew Schramm, chair of the Presbyterian Mission Agency Board (PMAB), invited Robert Maggs, president of the Board of Pensions of the Presbyterian Church (USA), to address the PMAB at its meeting in Louisville, Ky., on April 11. Schramm asked those present to consider the BOP presentation in light of three spheres: PMA is the largest…
Greetings in the name of our living Lord and Savior, Jesus Christ! The Gospel is a life-affirming message: We are precious to God and he has paid a costly price to redeem us from death! That is why we are writing to you out of concern for our denomination’s position on abortion. In this email…
PHILADELPHIA, Pa. – The outcomes of the Board of Pensions meeting are relevant to two distinct but related groups: Pension plan members and medical plan members. Pension plan members can be confident that the $7.476 billion in assets will more than adequately cover the $5.9 billion in liabilities of the plan. After five years of…