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Board of Pensions announces substantial Benefits Plan changes

The Board of Pensions of the Presbyterian Church (U.S.A.) has announced changes to the church Benefits Plan that extend support to more ministers and add benefits that promote financial protection for all church workers. The changes, effective January 1, 2021, are the most substantial since the plan redesign of 2017.

Board of Pensions approves 3.6 percent experience apportionment

Concluding its meeting Saturday, directors of the Board of Pensions of the Presbyterian Church (U.S.A.) voted a 3.6 percent experience apportionment for the Pension Plan for the seventh consecutive year, despite tumultuous market.