The Pension Boards is pleased to announce that, as of January 1, 2020, access to EY Financial Planning Services® (EYFPS) is now available to retired members of the Annuity Plan with annuitized accounts, as well as to actively-contributing members.
A series of powerful earthquakes, the most damaging on January 7 and the most recent on January 11, have killed one, injured several, and caused significant destruction and disruptions in power and other services on the island of Puerto Rico.
Congress has passed new legislation that repeals certain taxes and reduces costs for ministries and their employees. Thanks to the bipartisan support of legislators in both houses of Congress, the resources of America’s religious communities can remain focused on their mission work rather than on these onerous taxes and costs. The Church Alliance (church-alliance.org), a coalition representing 38 denominational benefits organizations, urged legislators to fix three issues that negatively impacted the ministries and church workers they serve.
In this Q&A article, the Pension Boards outlines the benefits and risks of investing in Target Date Funds and shares why you, the member, should take advantage of the Pension Boards’ Target Annuitization Date (TAD) Funds. The TAD Funds automatically reallocate your investments in line with your anticipated annuitization date, and when you annuitize, they are converted to a defined benefit annuity – an option not provided through other plans in the financial services marketplace.
Plan HSA is designed to be used with a Health Savings Account, or HSA.