New Effective Date Policy

GettyImages 995353918Beginning January 1, 2021, the Pension Boards' policy will be to accept only current or future dates on all benefit forms submitted to effect any benefit enrollment or change for our members. Retroactive effective dates will no longer be accepted. Look for additional communications regarding this change in coming weeks.

There's Still Time to Take Advantage of 2020 Tax-saving Opportunities

As we head into the final stretch of 2020, you may still be able to lower your federal income tax for the year. You can do so by reducing your taxable income, which in turn lowers your taxes, or by making the most of deductions that may be available to you this year.

Also, this is a good time to review a few major provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted by the federal government in March 2020 as a response to COVID-19.

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November 20 Update from the Pension Boards

Dear Friends,

Over the last two weeks, meeting virtually, both the Pension Boards Trustees and UCBMA Directors had opportunities to review our progress toward achieving strategic objectives during this atypical year. Our elected leadership expressed appreciation to staff for their efforts in keeping our organizational momentum going. Trustees and Directors also engaged in strategic planning for the coming year, to build upon the strong foundations already in place and become even more responsive to your needs as members and employers.

We have shared plans for the upcoming closing of the Target Annuitization Date (TAD) Fund 2020 at the end of this year. (Please see the article directly below for information.) I am pleased to announce that the Board approved the launch of two new TAD Funds effective January 1, 2021 – TAD 2045 and TAD 2050. These two new additions to the TAD Funds lineup are designed for members with a longer retirement time horizon and, like all TADs, automatically reallocate investments over the course of members’ accumulation years. Please click here for more information.

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Rootedness in the Creative Reality of God

By Rev. Ryan Otto

In a letter to the United Church Board of Ministerial Assistance, the philanthropic arm of the Pension Boards, the Rev. Ryan Otto, Pastor First Congregational Church, Sioux Falls, SD, shares how the gift of the Next Generation Leadership Initiative has rooted and shaped his approach to life and ministry. Rev. Otto was a participant of NGLI*1, the inaugural cohort.

Ryan OttoTo the dreamers, visionaries, and leaders of the Next Generation Leadership Initiative of the Pension Boards: Thank you. Please receive my sincere gratitude for your diligent work in the inventive NGLI program, for the faith to take the risk on such a new endeavor, and for your investment in my ministry and in me as a person of faith.

I will attempt to name the gift of the ten-year NGLI program in one word: rootedness.

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Equipped to Lead through NGLI

By Rev. Beth Abbott

The Rev. Beth Abbott, Pastor of First Congregational UCC in South Milwaukee, WI, shares how her life has been transformed during her almost-completed 10-year journey with the Next Generation Leadership Initiative (NGLI). Rev. Abbott is a participant in the inaugural cohort, NGLI*1. Read Rev. Abbot’s letter of gratitude below.

Beth AbbottWhen I began Next Generation Leadership Initiative (NGLI), the idea of a ten-year commitment to anything seemed unusual and rather long. Starting in my 20s, I had only been doing three-to-four-year chunks of schooling (college, seminary) and just dating my now husband, Rich.

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