The Pension Boards and its affiliates are currently composed of 15 elected Trustee board members, and one Trustee member who serves by agreement as a result of their position as General Minister and President of the United Church of Christ. There are also two (non-Trustee) Directors appointed by the Chair serving on the United Church Board for Ministerial Assistance. The governing body numbers are established by resolution and conform to our bylaws. The Pension Boards seeks Trustees and Directors who bring skills and experience relevant to the financial services business.
The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law and enacted on March 27, 2020. Although the CARES Act was the third of four stimulus bills to address the growing economic distress being caused by COVID-19, its provisions formed the foundation of what to expect from subsequent stimulus packages.
Online payment is the new standard for the Pension Boards. Please transition your monthly payment to our online portals today! If you are not already using the portals, it’s quick and easy to get started and transactions are secure. Click here for detailed instructions to set up your account. Your account, including any outstanding balances, and employee salary information, must be up-to-date before you use online bill payment for the first time.
Through Northern Trust’s Benefit Payment Participant Web Passport®, annuitants receiving monthly annuity payments can now easily access Form 1099-R and view the exact amount of their annuity payments.
Visit Northern Trust’s Benefit Payment Participant Web Passport® here: northerntrust.com/bppweb. For assistance, contact the Northern Trust Benefit Payment Participant Service Center at 1.888.259.6835.
It's time to start planning for 2021 taxes. Here's a summary of the federal income tax rates and other tax changes that took effect January 1, 2021. The income tax adjustments provided below will apply to the 1040 return you'll file in 2022 for the 2021 tax year.
The Pension Boards has invested $3.5 million in Fannie Mae’s $315 million Multifamily Social Bond (FNA 2021-M1S), under Fannie Mae’s Guaranteed Multifamily Structures program. The Pension Boards Sustainable Balanced Fund’s inaugural fixed-income investment is a multi-family social bond issued by Fannie Mae, which supports affordable housing initiatives in the U.S.
The United Church Board for Ministerial Assistance, the charitable arm of the Pension Boards, is pleased to announce that the application season for the next cohort of pastors to participate in the Next Generation Leadership Initiative (NGLI) is open. NGLI is a leadership development initiative that equips, energizes, and empowers younger United Church of Christ local church pastors to build vibrant congregations that change lives and further God's mission in the world. If you don’t know much about the initiative, please watch this video to see and hear participants describe the transformative experience.