By Summer Intern Olivia Gong
The United States’ healthcare system is convoluted and complex, always changing and shifting in policies, regulations, and practices. As the world begins to slowly recover from the COVID-19 pandemic, I am continuously reminded of how the past year and a half has impacted all our lives. I am in awe of the medical and technological progressions that have been made but also intrigued by the performance of the stock market. Working as the Health Plans intern at the Pension Boards–United Church of Christ (PBUCC) has allowed me to further enrapture myself in the intersections of healthcare and economics during these uncertain times.
By Summer Intern Aidan Choi
This summer, I was delighted to accept the offer to serve as an Internal Audit Intern for the Pension Boards' 2021 Summer Internship Program. It was an excellent opportunity to learn about the organization's internal audit function. I have always dreamed about working as a future auditor, and this internship helped me gain real life experience, while also learning the importance of teamwork and working in a caring environment. The Pension Boards allowed me to use the auditing knowledge I gained in school such as understanding the firm and its structure before starting the substantive internal audit procedure.
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The Pension Boards introduced its Summer Internship Program (SIP) in 2019 with five interns participating in a 10-week onsite program with key departmental leaders. When the pandemic made it necessary to work from home in 2020, a shorter, hybrid internship model was developed in which four interns spent one day a week onsite and worked remotely the remainder of the time. The program has proven to be a fruitful experience—both for the interns and the Pension Boards—as well as a talent pipeline for our organization. Three of our current staff colleagues began their professional careers with us following their internship experiences.
The Pension Boards and its affiliates are currently composed of 15 elected Trustee board members, and one Trustee member who serves by agreement as a result of their position as General Minister and President of the United Church of Christ. There are also two (non-Trustee) Directors appointed by the Chair serving on the United Church Board for Ministerial Assistance. The governing body numbers are established by resolution and conform to our bylaws. The Pension Boards seeks Trustees and Directors who bring skills and experience relevant to the financial services business.
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.