Online Payment Portal for Members and Employers

As a reminder – do not send any correspondence with your monthly invoice and check. Any forms or communications should be sent directly to our Member Services team by either email: This email address is being protected from spambots. You need JavaScript enabled to view it.; fax: 212.729.2701; or mail to: 475 Riverside Drive, Suite 1020, New York, NY 10115.

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.

Employers: Click here for a new, updated User Guide for online bill pay.

Self-Pay Members: Click here for a User Guide for online bill pay.

Accessing Form 1099-R

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.

IRS Inflation Adjustments for 2021 Tax Year

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.

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Investments: Pension Boards Invests $3.5 Million in Fannie Mae

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.

Applications for NGLI are Now Open

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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.

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New EY Article: Why You Need a Financial Plan

Building your financial future is like building a skyscraper: both require planning. This EY article offers tips for how you can build a well-thought-out financial strategy, regardless of your net worth or household income level.

End of Year Processing

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IMPORTANT NOTE: Please be advised that any paper financial requests (such as withdrawals or distributions) received after 12:00 noon EST on Tuesday, December 22, 2020, will be processed on Monday, January 4, 2021. If you want to perform any distribution for 2020, you must submit your request before the December 22, 2020 deadline.

Any fund reallocations or balance transfers made on the website must be submitted by 12:00 noon EST on December 31, 2020. The website will close at noon. No transactions will be able to be transacted after this time for 2020. The website will reopen on January 1, 2021.

If you have any questions, please contact Member Services at 1.800.642.6543.

New Effective Date Policy

GettyImages 995353918Beginning January 1, 2021, the Pension Boards' policy will be to accept only current or future dates on all benefit forms submitted to effect any benefit enrollment or change for our members. Retroactive effective dates will no longer be accepted. Look for additional communications regarding this change in coming weeks.

There's Still Time to Take Advantage of 2020 Tax-saving Opportunities

As we head into the final stretch of 2020, you may still be able to lower your federal income tax for the year. You can do so by reducing your taxable income, which in turn lowers your taxes, or by making the most of deductions that may be available to you this year.

Also, this is a good time to review a few major provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted by the federal government in March 2020 as a response to COVID-19.

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November 20 Update from the Pension Boards

Dear Friends,

Over the last two weeks, meeting virtually, both the Pension Boards Trustees and UCBMA Directors had opportunities to review our progress toward achieving strategic objectives during this atypical year. Our elected leadership expressed appreciation to staff for their efforts in keeping our organizational momentum going. Trustees and Directors also engaged in strategic planning for the coming year, to build upon the strong foundations already in place and become even more responsive to your needs as members and employers.

We have shared plans for the upcoming closing of the Target Annuitization Date (TAD) Fund 2020 at the end of this year. (Please see the article directly below for information.) I am pleased to announce that the Board approved the launch of two new TAD Funds effective January 1, 2021 – TAD 2045 and TAD 2050. These two new additions to the TAD Funds lineup are designed for members with a longer retirement time horizon and, like all TADs, automatically reallocate investments over the course of members’ accumulation years. Please click here for more information.

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