The Pension Boards-United Church of Christ (PBUCC) has been accepted as a signatory to the United Nations-supported Principles for Responsible Investment (PRI), joining more than 1,900 organizations around the world that have publicly demonstrated their commitment to responsible investment.
"Becoming a PRI signatory is a testament of PBUCC’s witness of sustainable investment," said President and CEO Brian R. Bodager. "This further aligns us with organizations working toward the greater good and a just world.”
On March 8, the Pension Boards was notified that an agreement had been reached by Cigna to acquire Express Scripts, the pharmacy benefit manager for the UCC Non-Medicare and Medicare Supplement with Rx Plans. The acquisition is expected to close by the end of the year and is subject to shareholder and regulatory approval.
A memorial service for Dr. John Ordway, past Executive Vice President of the Pension Boards who died on April 3, 2017, will be held on Saturday, April 21, 2018, at 1:30 p.m. (ET) at Naples Congregational United Church of Christ in Naples, Florida. A reception will follow the service.
Market Update by David A. Klassen, Chief Investment Officer
With the Dow Jones Industrial Average, the S&P 500 index, and other global equity markets now selling off after a strong January, we wanted to provide our perspective on both the price action and the pickup in volatility.
Helping UCC Retirees
In the United States, about 10,000 baby boomers reach retirement every day, and some are unprepared. Even though soon-to-be retirees are concerned with rising health care costs and retirement income, many have not planned for a secure retirement or examined the right health plans to meet their new standard of living and care.
All of us at one time or another have experienced some type of personal crisis or life event that resulted in grief, stress, financial loss, and more. At the Pension Boards, we are fully committed to your health and personal well-being. We care when life throws you a curve ball.
At its November 2017 meeting, the Board of Directors of the United Church Board for Ministerial Assistance (UCBMA) discussed the future of the Next Generation Leadership Initiative (NGLI) in response to its recent program evaluation. UCBMA Directors overwhelmingly affirmed NGLI and gave thanks for the vitality and vigor that pastors are stirring in the United Church of Christ from the mix of coursework, field trips, and cohort engagement.
Glenview, IL, November 30, 2017 — The Church Alliance commends Senator Susan Collins (R-ME) for her introduction of an amendment to preserve important retirement security provisions for clergy and church lay workers that would be repealed by the tax reform legislation pending in the Senate. Senator Rob Portman (R-OH) joined in co-sponsoring the amendment. The amendment is essential to provide employees of religiously-affiliated organizations with a meaningful opportunity to save for a secure retirement.
As you may be aware, the agreement between Anthem Blue Cross Blue Shield and Hartford Healthcare expired on September 30, 2017.
Since then, the failure of the two organizations to come to an agreement has adversely impacted the ability of UCC Health Plan participants to access hospitals, physicians, and other medical professionals within Hartford Healthcare.
The Flexible Benefit Plan for UCC Ministries, also referred to as the Flexible Spending Account or “FSA,” will be administered by Highmark Blue Cross Blue Shield beginning in 2018. New FSA debit cards, effective January 1, 2018, will be issued and mailed by Highmark to FSA Plan participants’ home addresses in mid-December. Please be on the lookout for your new card!