board of pensions

Board of Pensions Spring 2018 bulletin

After each regular meeting of the Board of Directors of The Board of Pensions of the Presbyterian Church (U.S.A.), the Board of Pensions publishes The Board Bulletin. This Bulletin reports key information presented and actions taken at the spring 2018 meeting that affect plans and programs administered by the Board of Pensions.

Infusing capital with Presbyterian values

 If investors demanded it, would companies change their practices to benefit the environment and slow the effects of global warming? The Presbyterian Church (U.S.A.) Office of Faith-Based Investing and Corporate Engagement believes that this strategy can work, and that companies encouraged to do so may improve their practices through dialogue. The Presbyterian Board of Pensions and the Presbyterian Foundation are helping bolster this effort by paying for an additional staff person in this office. The staff person, Katie Carter, started work in 2017.

Board of Pensions uncovers fraud scheme

The Board of Pensions is investigating the fraudulent redirection of 11 pension payments. The Board reissued the December payments to the pensioners, and acted immediately to ensure that no other Benefits Plan members or pensioners were, or would be, affected. The fraud did not affect any other plans or funds.

PC(USA) Benefits Plan offers flexibility for 21st century church leaders

Sean Chow, 1001 New Worshiping Communities west region associate, will host a two-part webinar discussion on Facebook about the Benefits Plan of the Presbyterian Church (U.S.A.) this Friday at 9 a.m. ET. Highlights of the conversation include the flexibility and menu options offered to 1001 NWC leaders.

Junta de Pensiones Presbiteriana no recolectara cuotas de beneficios en Puerto Rico

La Junta de Pensiones de la Iglesia Presbiteriana (EE.UU.) anunció hoy que no recolectara cuotas para el plan de beneficios en los tres presbiterios y sus iglesias en Puerto Rico. Por ahora, el período de exención se aplica a las cuotas adeudadas desde septiembre hasta diciembre del 2017 y se volverá a evaluar al culminar el año.

Presbyterian Board of Pensions waives benefits dues in Puerto Rico

The Board of Pensions of the Presbyterian Church (U.S.A.) announced today it is waiving benefits plan dues for the three presbyteries and their churches in Puerto Rico. For now, the waiver period applies to dues owed September through December 2017 and will be reassessed at the close of the year.

Board of Pensions issues statement on housing allowance ruling

On Friday, October 6, Judge Barbara Crabb, a federal district court judge in the Western District of Wisconsin, found Section 107(2) of the Internal Revenue Code (the subsection dealing with housing allowances) to be unconstitutional based on the establishment clause of the First Amendment. Section 107(1), relating to the exclusion of the value of manse housing, was not the subject of the lawsuit and remains unaffected.