(Board of Pensions press release.) The Board of Pensions, amid a sluggish economic recovery, has set a more conservative long-term investment return assumption for the Balanced Investment Portfolio, which holds the Pension Plan assets. The agency’s Board of Directors today approved a reduction in the assumed return, from 7 percent to 6 percent. By moving…
In October 2015, the Board of Pensions presented a proposed redesign of the Benefits Plan of the Presbyterian Church (USA) as part of a transformational process to serve more, serve better, and serve the Church, as reported in the fall 2015 edition of The Board Bulletin. At its meeting March 5, the Board of Directors…
With an impressive 17.1 percent return on investments for 2013, the Board of Pensions (BOP) of the Presbyterian Church (USA) voted to approve a 4.6 percent experience apportionment. The increase applies to all retired Pension Plan members and active plan members. It is equivalent to working one additional year. That means that every person who…
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…