November 22, 2019 – The Pension Boards-United Church of Christ (PBUCC) has been selected to receive a $1,000,000 grant from Lilly Endowment Inc. to expand the scope and reach of the Ministers’ Financial Vitality Initiative (MFVI), a financial wellness program for authorized ministers in the United Church of Christ (UCC).
Interview by Ashley Kuzmech*
The Pension Boards interviews the Rev. Richard Walters, Director of Corporate Social Responsibility (CSR), to discuss PBUCC’s top priorities with regard to climate change, human rights, and supply chain management.
Recently, Lan Cai, Deputy Chief Investment Officer for the Pension Boards-United Church of Christ (PBUCC), was a panelist at Pensions & Investments’ inaugural Emerging Markets conference in New York City. The featured discussion highlighted investment opportunities and strategies in growth markets such as China. As a follow-up to that conversation, the Pension Boards sat with Lan to highlight PBUCC’s long-term investing approach to emerging markets on behalf of its members’ portfolios in the Annuity Plan.
According to the Federal Reserve, credit card debt in the U.S. was $1.07 trillion in May 2019. If you are carrying a credit card balance from month to month, you are most likely paying interest at rates as high as the upper teens or above. Maybe it’s time to get serious about vanquishing that credit card debt. Here are four potential ways to go about it.
The Pension Boards-United Church of Christ, Inc. (PBUCC) is pleased to announce that self-paying benefit plan members may now pay their monthly invoices online.
NEW! - Now through April 30, the portal is accepting payment for the UCC Vision Plan
If you participate in the UCC Vision Plan and wish to continue coverage, you may pay online during the enrollment window which is open until April 30, 2020. If you need to change your coverage, are enrolling for the first time, or have a lapse in coverage, please contact Member Services at 1.800.642.6543.
New York, October 4, 2019 – Brian R. Bodager, President and Chief Executive Officer of The Pension Boards-United Church of Christ, Inc. (PBUCC), today announced that the Rev. James Moos, Ph.D. will join the Pension Boards team on October 15 in the new role of Executive Director of PBUCC’s Faith and Finance Ministries. In this position, which reports to the President and CEO, Moos will oversee the organization’s Ministerial Assistance, Philanthropy, Communications and Church Relations, and Corporate Social Responsibility functions.
Long-term disability (LTD) insurance is key to financial security.
Generally, we face a greater risk of becoming disabled than dying, especially during our 30s and 40s. If you become partially or totally disabled and unable to work, LTD replaces at least some of your income.
In the summer of 2019, I was given the opportunity to be a part of the Pension Boards’ first 2019 Summer Internship Program. I accepted this offer with great joy since I would get to expand my knowledge in areas pertaining to my skillset and future aspirations, while also helping an organization committed to improving the lives of their members through responsible investing practices.
When I first started working for the Pension Boards’ Finance department, I expected to perform typical tasks that revolve around finance and some basic budget analytics. But instead, we worked on analyzing data across a wide range of issues, including my favorite, actuarial analysis. For example, I had an opportunity to work on an annuity calculator with various retirement options by incorporating multiple variables stemming from mortality tables, salaries, employer and employee contributions. This work really helped shape my outlook on my field of interest since I am currently an actuarial science student at Baruch College. I am grateful to the Pension Boards for giving me a platform where I could grow my skills in this field. I have to say the experience went beyond my expectations.
With that being said, PBUCC is a good place to grow in a variety of industries, especially if you are someone that is intrigued by the world of finance and investments, and you want to grow the wealth of your future clients in a more ethical and responsible way. Aside from the hands-on learning experience, we were also paired up with a PBUCC mentor for the summer. They were extremely willing to help us at all times. In addition to the mentors, we were exposed to weekly presentations by department heads where we were able learn about their career journey through the sharing of personal stories.
Lastly, we engaged in a lot of fun team activities throughout the internship such as bowling, an all-staff BBQ, a scavenger hunt, and serving the elderly at the Amsterdam Nursing Home.
In conclusion, this internship program checks-off every box available: educative, friendly working environment, an organization with a great purpose, and fun. It was definitely one of the best summer internship programs I’ve been a part of and certainly one that I would recommend to others.
*Reinaldo Cuni is a second-degree student at Baruch College in New York City studying Actuarial Science