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2014 Regional Benefits Consultation

Discover how the Board of Pensions is dedicated to designing personalized benefit plans for church leaders, emphasizing financial strength and innovative solutions. Explore the changing landscape of benefits for those who serve the Church and the strategic decisions that drive this evolution.

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2014 Regional Benefits Consultation

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  1. 2014 Regional Benefits Consultation Robert W. Maggs Jr. President and Chief Executive

  2. Welcome Focus on the Changing Church … Still

  3. The Board of Pensions Honoring the Past, Serving in the Present, Dedicated to the Future

  4. Overall Mission • Caring for those who serve the Church • Success depends on • Design of Benefits Plan and Assistance Programs • Personalized service to our members • Maintaining financial strength

  5. Requirements • Highly qualified workforce • Professional advisers • Up-to-date technical tools • Collegial and family-friendly workplace

  6. Options, Actions, and Decisions • Exclusive benefit of our members • Attention to employing organizations paying for Benefits Plan • Plan affordability • Rapidly changing environment

  7. Driving Change • Legal and regulatory strictures • Declining revenues • Increased operating costs • Changing social and political norms • Instant communications • Geo-political events • Volatile financial markets

  8. Considerations for the Future • Determining effects of Affordable Care Act • Providing consultative services • Ensuring sufficient financial reserves • Building mutual understanding of emerging complexities

  9. Leadership Change • Frank Spencer, President-Elect • Experienced CEO of for-profit and not-for-profit organizations • Strong Presbyterian heritage • Ordination as a teaching elder • Former Director on our Board To be presented to the 221st GA (2014) for confirmation

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