Pension Fund Approves New Second Quarter Interest Rates
INDIANAPOLIS (March 15, 2013) - Pension Fund of the Christian Church (Disciples of Christ) President James P. Hamlett announced today second-quarter interest rates for Pension Fund account holders.
The Pension Fund approved the following interest rates for the second quarter of 2013:
• The Benefit Accumulation (BA) account rate remains at 2%
• The Tax-Deferred Retirement Account (TDRA) rate remains at 3.25%
• The Roth IRA rate increases to 3.25% from its current 3%
Hamlett also announced that the Roth IRA incentive rate for rollovers will be discontinued effective March 31, 2013. Rollovers received prior to that time will continue to earn the 0.5% bonus rate for one full year from the date the funds were received, in addition to the base rate.
The Pension Fund of the Christian Church (Disciples of Christ) provides pension and retirement savings accounts for clergy and lay employees of congregations, regions and general ministries and church related colleges and seminaries. The Pension Fund manages more than $2.7 billion in net assets on behalf of those served in the United States, Canada, Puerto Rico and related international ministries.