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November Board Meeting Update Read Full Press Release

Pension Fund of the Christian Church

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.

For Members & Clergy

For Members

Guides, factsheets and resources to aid you on the Road to Financial Wellness.

For Clergy

Clergy-specific resources to support your call to ministry.

For Employers

For Employers

Hiring tip sheets, tax guides and more to help you manage your employees' benefits.

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.

Stay Connected

News & Publications

Events

Pension Fund Insider Update

Connect with your Area Director and learn more about how Pension Fund can partner with you to create financial stability in an increasingly uncertain economy.

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.

Taxpayer Relief Act Affects Tax Impacts of Charitable Giving

The American Taxpayer Relief Act of 2012 (H.R. 8) has been approved by Congress and signed by President Obama. This legislation was passed to address some of the so-called 'fiscal cliff' of automatic tax increases and federal spending cuts that would have taken place in its absence.

While the Act contains several stipulations, the one that affects donors relates to charitable giving of IRA. An IRA owner can take advantage of the IRA qualified charitable distributions (QCDs).* As a result of the Act, in 2012 and 2013, an IRA owner age 70½ or older can contribute up to $100,000 of IRA assets per year tax-free to qualifying charities. This provision previously expired December 31, 2011. Because of the late timing of this extension, the Act provides for transition relief allowing certain distributions taken in January of 2013 to be considered qualifying QCDs for 2012. Because this extension is "seamless," any otherwise-qualifying IRA distribution paid directly to a charitable organization at any time during 2012 is recognized as a QCD.

If you are considering making a gift to Ministerial Relief and Assistance, now is a great time. The giving incentive is particularly beneficial to individuals who do not itemize their tax deductions and would otherwise not receive any tax benefit for their charitable contributions. Again, however, charitable donations from employer-sponsored retirement plans are not eligible for this tax-free treatment.

For more information about IRA charitable contributions as authorized by the American Taxpayer Relief Act, contact Pension Fund at 1.866.495.7322 or pfcc1@pensionfund.org. For additional details on the Act, including the effects on Coverdell Education Savings Accounts, visit www.ascensus.com.

* Charitable donations from employer-sponsored retirement plans, such as pension plans, 401(k)s, 403(b)s and 457s - are not eligible for this tax-free treatment.