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Board of Pensions to serve more with expanded access to Assistance Program

The Board of Pensions of the Presbyterian Church (U.S.A.) has announced the most extensive changes to the Assistance Program in a generation. The changes steer financial help to ministers where their need is greatest and loosen requirements to extend access across Benefits Plan membership. The changes take effect January 1, 2022.

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 portfolio outperforms assumptions

With a market value of $9.6 billion, the Board of Pensions’ Balanced Investment Portfolio returned 10.3 percent during the first eight months of 2019, more than 4 percent over the long-term investment return assumption of 3, 10 and 20 years.

Trading hotel and resort management for hurricane recovery

In a single month, Elizabeth Little vacationed, all expenses paid, at Westin’s resort in Los Cabos, Mexico, as a top sales leader; oversaw a $150,000 bar mitzvah at the Westin Charlotte in North Carolina, as senior catering manager; and took a mission trip to Mexico’s Yucatan, where she slept in a hammock in a village where no child had access to middle school.The contrasts were jarring.“I just kept thinking, there has to be something more,” said Little, who has been a Church Consultant with the Board of Pensions since 2016. “How could I take my hotel experience into the mission world?”