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Board Awards Record $190.2M 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.

Pension Fund Announces New Resolutions; Board Members

INDIANAPOLIS (Nov. 18, 2013) - The Board of Directors of Pension Fund of the Christian Church at their meeting on Nov. 14-15, 2013, elected one and re-elected four persons to three-year terms on the Board ending Dec. 31, 2016.

Elected to a first term was Mr. Kelly Bauer of Wichita, Kansas. Mr. Bauer is Senior Vice President and Treasurer of Fidelity Bank and an active member of Hillside Christian Church. Re-elected were Ms. Peggy Brittan of Spring, Texas; Ms. Laura Reed Gelarden of Indianapolis; Mr. Darnell Robertson of Cleveland, Ohio; and Mr. Antonio Rodriguez of Plantation, Florida.

The Board of Directors also elected Rev. Dr. James P. Johnson of Indianapolis to fill a two-year unexpired term. Dr. Johnson is President Emeritus of Christian Church Foundation and former President of Lexington Theological Seminary. Directors honored Ms. Lynne McHaney of Raleigh, North Carolina, and Rev. Dr. Michael Mooty upon the completion of their service on the Board.

In other action, Directors approved a resolution designating 60% of retirement and disability pensions for clergy as housing allowance. The resolution also allows upon written request of a retired minister, the designation of housing allowance from a Tax-Deferred Retirement Account (TDRA), provided that any eligible pension is first fully allocated as housing. Retired clergy are allowed designation of the lower of what is allocated by action of the Pension Fund Directors, the actual amount spent on eligible housing costs or fair rental value of the residence plus utilities.

Directors received financial reports showing total net assets available for benefits were $2.88 billion at Sept. 30, 2013, the highest level ever recorded at the end of a calendar quarter. Investment returns year-to-date have exceeded each of the benchmarks against which performance is measured. Further, the number of active participants in each of the key programs has increased from 2012 levels.

Commenting on the Pension Fund's year-to-date performance, James P. Hamlett, President of Pension Fund of the Christian Church, stated, "Although the implementation of a new data system has been very challenging and time consuming, staff has not taken its eyes off the goal of enhancing the financial well being of our participants. Investment performance and growth in participation are evidence of our focus on positive outcomes."

Pension Fund of the Christian Church (Disciples of Christ) provides pension and retirement savings accounts for clergy and lay employees of congregations, regions, general ministries and church-related colleges and seminaries. Pension Fund manages nearly $2.9 billion in net assets on behalf of those served in the United States, Canada, Puerto Rico and related international ministries.

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