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.
IMPORTANT NOTE: Please be advised that any paper financial requests (such as withdrawals or distributions) received after 12:00 noon EST on Tuesday, December 21, 2021, will be processed on Monday, January 3, 2022. If you want to perform any distribution for 2021, you must submit your request before the December 21, 2021 deadline.
Any fund reallocations or balance transfers made on the website must be submitted by 12:00 noon EST on December 31, 2021. The website will close at noon. No transactions will be able to be transacted after this time for 2021. The website will reopen on January 1, 2022.
If you have any questions, please contact Member Services at 1.800.642.6543.
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.