Pension Fund Board Meets, Approves 2025 Good Experience Credits, Receives 2025 – 2027 Strategic Plan Updates

Indianapolis - Pension Fund’s Board of Directors met Nov. 14 - 15, 2025, in Indianapolis. The meeting included updates on the organization’s 2025-2027 Strategic Plan and insights from Volume 2 of the data project. Current funding levels and market returns supported awarding Good Experience Credits (GEC) on the Benefit Accumulation Account (6.00%), the Tax-Deferred Retirement Account (403(b)/Roth 403(b)), IRAs (Traditional and Roth), and the 457(b) Plan (4.75%).

GEC calculations are based on Sept. 30 assets and liabilities by product and are awarded based on the average daily balance from Oct. 1, 2024 to Sept. 30, 2025. Interest will be credited on or before Nov. 20, 2025.

The board also reviewed an analysis of the 142 identified data points for the data project. “The goal of the data project is to look long-term – 20 years into the future – to make benefit enhancements and operational adjustments that meet the changing needs of our current and future members, while ensuring our legacy of a strong, smart, secure retirement,” shared Rev. Dr. Todd A. Adams, President and CEO. The board received updates from internal and external sources, including a 20-year projection that showed the ongoing strength of the Pension Plan and identified headwinds, such as declining membership in congregations.

Additionally, the board discussed the conversion to BNY’s benefit payment system, effective Jan. 1, 2026. As part of streamlining operations and seeking cost reductions, Pension Fund is migrating all disbursement payments to BNY. The Jan. 2, 2026 recurring deposits will be listed as BNY Mellon on members’ bank statements, as opposed to Pension Fund. Members will receive additional communication from the organization in December regarding the changes. Pension Fund anticipates a cost recovery of more than $200,000 per year by making the shift.

In other business, the Pension Fund board welcomed new members, Ryan Buchan (Tulsa, OK) and Rev. Khin Raziel Fines Hernández (Bayamon, Puerto Rico). Randy Clayton (Topeka, KS) and Rev. Esteban González Doble (Bayamon, Puerto Rico) concluded their service as board members.

The board’s next meeting is scheduled for April 22–25, 2026, where board members will meet virtually to consider Special Apportionment Credits based on Dec. 31, 2025 pension assets and liabilities.