News & Updates:
Monday Morning Update:
Last month, Wendy Tajima, Sonnie Swenston-Forbes and I (Knox Cologne) attended the Regional Benefits Consultation conference in San Diego which was attended by staff and board members of Board of Pensions of the Presbyterian Church (U.S.A.). and representatives of many Presbyteries and Synods in the West. Much of the discussions concerned a possible redesign of the Board of Pensions programs to provide employing organizations with flexibility and competitive benefits packages and increase the number of lay employees and Teaching Elders not currently participating in current plans. While the Board plans to continue to provide retirement and medical benefits to the Church’s Teaching Elders, they are looking at plans designed to best reflect the values of the broader Church and meet the changing needs of employers and employees.
While maintaining the Traditional Dues method for Pension, Death and Disability and Medical Plan, the board is considering an alternate dues method which would be a cafeteria plan and would allow a choice on how dues could be allocated to Pension, Death and Disability and/or some but not full coverage in a medical plan. It was thought that this would allow greater participation and would allow churches that could not afford full coverage to non-mandated and lay employees the ability to offer some benefits.
Regional Representatives are exploring ways to have more direct contact with employers. The final word was “stay tuned for exciting new possibilities.”
Click HERE to see the Report of the Interim Executive Presbyter.