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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.

Student Loan Forgiveness Updates

The deadline to apply for the Public Service Loan Forgiveness (PSLF) Waiver is coming up on Oct. 31st.

The PSLF waiver is a time-limited change to the PSLF Program rules that allows borrowers to receive credit for past periods of repayment that previously would not have qualified for PSLF. Applications for the waiver close on Oct. 31, 2022.

Those seeking to reduce or eliminate student loan debt have many avenues. Below is a breakdown of the difference between the standard PSLF program, the Temporary Expanded PSLF (TEPSLF) program, the PSLF waiver that closes Oct. 31st (sometimes called the "Biden waiver"), and the newly announced Student Loan Debt Relief Forgiveness for all student loans (not just public service loans).

  • PSFL: PSLF is a program for people who work in public service in federal, state, tribal, or local government, or for a non-profit organization. It has 4 requirements that, if met, qualify you to receive federally tax-free loan forgiveness on any remaining loan amounts.
    • Requirements:
      • Have direct student loans
      • Be on a qualifying repayment plan
      • Have a certified qualifying employer
      • Have made at least 120 payments with those stipulations
  • TEPSLF: Part of the Consolidated Appropriations Act, 2018, which provided a limited budget to help borrowers who have been in the wrong payment plans.
    • Must switch to a qualifying repayment plan and make at least 12 payments in that plan to qualify
    • No deadline, but the forgiveness runs out when the budget does
  • PSLF Waiver (Biden Waiver): Allows borrowers with Federal Family Education Loans (FFELs) to consolidate into a qualifying direct loan in order to apply for PSLF programs.
    • Must consolidate into a direct loan and then apply for PSLF
    • Deadline is Oct. 31, 2022
  • Student Loan Debt Relief Forgiveness: Not just for Public Service loans, but will apply to those making less than $125k/year.
    • Borrowers making less than $125k/year ($250k/year for Married Filing Jointly) can expect to see anywhere from $10,000 to $20,000 in forgiveness in the future depending on their Pell Grant status
    • Applications for forgiveness are open now
    • Read more about this program on Your Money Line for up to date information

Want to know more about PSLF? Look back at our PSLF FAQ blog.

Don't forget, all Pension Fund members have access to free financial guides through Your Money Line. Your Money Line provides financial guides and resources to help you with tough financial questions including which PSLF programs you qualify for and how to apply.

*Please note this is for informational purposes only. Please consult your attorney, tax preparer or financial advisor before making any decisions about your financial matters.