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November Board Meeting Update Read Full Press Release

Pension Fund of the Christian Church

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Employer-Sponsored Retirement Products

Overview

As a church plan, Pension Fund is able to offer flexible and worry-free retirement options for employers and their employees. Our team of Area Directors will meet with you to discuss your needs and help you get started.

Individual Savings & Retirement Products

Overview

Whether you’re just starting out or closer to retirement, choose from a variety of products to help you reach your retirement and savings goals.

Program Applicants

Ministerial Relief & Assistance

Our relief programs meet the evolving needs of new, active, and retired clergy and their families to ensure all ministers and lay workers can enjoy a strong, smart, secure retirement.

Supporters & Donors

Make An Impact with a Donation

Your gifts and financial support helps ministry workers in need bridge the unexpected from now until retirement (and beyond).

Resources

Overview

Discover planning and educational tools & resources to help you navigate your financial wellness journey.

Your Money Line

Pension Fund has partnered with Pete the Planner® to provide members with access to financial guides who will help answer your tough financial questions & online tools such as calculators and eLearning courses.

3% Special Apportionment Approved for Pension Plan Accounts

The Board of Directors of Pension Fund of the Christian Church (Disciples of Christ) met virtually on September 2, 2020 to consider a Special Apportionment based on December 31, 2019 pension credit balances and the July 31, 2020 assets under management. Pension Fund is pleased to announce that based on the performance of our portfolio, the board approved a 3% Special Apportionment, effective October 1, 2020.

“Members may recall the board took unprecedented action in April to delay the decision on Special Apportionments – allowing more time for market conditions to stabilize and for us to understand the economic impact of COVID-19,” shared Rev. Dr. Todd A. Adams, Pension Fund President and CEO. “Given the prudent management of our funds by our investment staff, the board and staff agree this is the right move to help ensure our members enjoy a Strong, Smart, Secure retirement.”

The Pension Plan requires the board to consider awarding Special Apportionments at least every three years based on the funding levels of the Pension Plan at the end of the prior year and with consideration of current market conditions. In practice, Pension Fund reviews this annually.

Staff will use the December 31, 2019 credit balance for members. Those who are accruing credits or listed as inactive will receive a 3% increase in their credits. Members who are retired will see a gross increase of 3% on their October 1, 2020 pension payment. The 3% Special Apportionment translates to approximately $54 million in increases to our members. Good Experience Credits, additional interest paid on interest bearing accounts, will be determined at the November 2020 board meeting based on September 30, 2020 assets and liabilities of each product.

For 125 years, Pension Fund has been serving those who serve in the Stone-Campbell (Restoration) movement – helping them Bridge the Unexpected in challenging times.