Each week since the closure of the Pension Boards’ offices in mid-March, we have provided updates to let you – our members and employers – know how our work on your behalf continues, and to provide information about benefits, services, and other resources available in this time.
The IRS released Notices 2020-29 and 2020-33 which provide tax relief through increased flexibility for taxpayers with Flexible Spending Accounts, including Health and Dependent Care.
We hope that you and your loved ones had an opportunity for rest during the Memorial Day weekend. Many of you are working differently as a result of the pandemic – leading virtual worship services, working from home, caring for school-age children and elderly family members. We pray that you are finding time for respite and self-care in the midst of all that you are doing.
Which Lifetime Income Annuity is Best for You at Retirement – Basic or Participating?
If you are a Pension Boards member approaching retirement, it is important to understand the two lifetime income annuity options available to you, the Basic and Participating Annuity. Read this Q&A aticle to learn more.
All of us at the Pension Boards continue to pray that you and your loved ones remain well and safe. Our executive team remains focused on developing a re-entry plan that ensures our colleagues remain healthy and safe once state and local restrictions are lifted.