As reported in the January edition of Board Connections, the tax legislation signed into law December 22, 2017, will not require changes to the Benefits Plan of the Presbyterian Church (U.S.A.). Most of the changes became effective January 1, 2018, and require employers and individuals to take action early this year after the Internal Revenue Service releases implementation guidance.
Fidelity Investments, record keeper for the Retirement Savings Plan of the Presbyterian Church (U.S.A.) (RSP), sent emails to RSP participants this month, directing them to a Fidelity article explaining how the new tax law may affect them.
The Board will post educational resources for church employers and members on its Board University site throughout the transition to the new tax law.
For additional information about the RSP, call Fidelity at 800-343-0860 (mention plan #57887) or call the Board of Pensions at 800-773-7752 (800-PRESPLAN) and speak with a service representative.