April-May

RSP: If you are using paper forms to remit RSP contributions and have not yet registered for Fidelity Investment’s online Simplified Contribution Platform (SCP), you will receive reminder emails from Fidelity.

Call to Health: Members with medical coverage will receive a postcard. Encourage them to answer the Call to Health!

June

Look for an overview of 2019 Benefits Plan changes in the mail.

July

The Employer Agreement on Benefits Connect opens in mid-July.

Welcome to Employer News, a newsletter from The Board of Pensions of the Presbyterian Church (U.S.A.). This publication highlights recent Board news and important updates and information specifically for employers. We hope you find this newsletter useful and encourage you to share this information with those who can benefit from it. If you have any feedback or would like to subscribe to this newsletter, please let us know.

2017 Annual Review Available

The 2017 Annual Review is now available on pensions.org. The publication includes an overview of the work carried out last year by the Board of Pensions, as well as financial results and management considerations related to the Benefits Plan and Assistance Program.

Get Ready To Select 2019 Benefits

As reported in the Spring 2018 Board Bulletin, the 2019 Benefits Plan will offer additional healthcare and income protection options.

Whether your congregation or organization employs one or 100, it’s not too early to start thinking about the benefits you will offer employees in 2019. Considerations include

  • who should be covered (and when);
  • what benefits to offer; and
  • how much you will contribute to the cost.

It’s important to think about these decisions now so that you will be ready when the Employer Agreement on Benefits Connect opens in mid-July. That’s when costs will be available and you will begin reviewing and selecting benefits for 2019.

And, be sure to watch Board Connections, Employer News, your email, and your mail in May for more information!

Employees Have Easier Access to EAP Services with New Website

Cignabehavioral.com moved to mycigna.com April 1. As a result, members who type cignabehavioral.com in their internet browser will be taken to a temporary page with links to register and find resources on the new site. They should register by following the instructions (use pcusa for Primary Customer’s Employer ID) to create a user name and password, which they will use to access mycigna.com.

Learn more about the new site’s features.

Report Changes in Employment Status Online!

Employers are now able to report changes in employment status — such as a change in hours or a change in benefit group for their members — quickly and easily through Benefits Connect!

Paper forms are no longer needed. Simply log on to Benefits Connect and choose Manage Employees, then select the member’s name. On the next screen, select Change in Employment Status, and follow the prompts to update (as applicable) scheduled hours, salary, or benefits eligibility.

Once the change has been submitted, a confirmation page will display and the submission will be finalized by the Board. If the update results in a change in a member’s benefits eligibility, the member will receive an email with additional information.

If you have questions, please review How to Report Changes to Your Employees' Work Hours and Position Title under Resources & Support in Benefits Connect, or contact the Board at 800-773-7752 (800-PRESPLAN).

Transition of RSP Remittance Process Continues

Fidelity Investments’ transition to the secure, online Simplified Contribution Platform (SCP) continues for all employers who use paper forms to remit employee contributions to the Retirement Savings Plan of the Presbyterian Church (U.S.A.) (RSP). To date, more than 500 churches and employers have registered for SCP, and close to 100 have begun submitting contributions electronically. If you have questions about SCP, contact Fidelity’s treasurer and administrator assistance line at 800-917-4369. To learn more, read the pensions.org article.

Check Your RSP Reporting

It is important to accurately report your RSP contributions and submit any effective salary changes in a timely manner. Accurate and timely reporting enables the Board to fulfill its role as RSP administrator and fiduciary, and maintain the plan’s compliance with the laws and regulations that govern it.

When reporting and remitting RSP contributions to Fidelity, be sure to properly designate whether contributions are

  • employee contributions or employer contributions (for employer contributions indicate matching or regular); and
  • normal contributions, catch-up contributions, or long-service contributions.

It is especially important to update members’ effective salary on Benefits Connect so that the Board can maintain accurate records for plan compliance. This also ensures that the percentage or dollar amounts of RSP contributions are correctly allocated to employee accounts for investment in the appropriate funds. Keep these guidelines in mind:

  • Employer contributions (non-matching) should be reported as deferred compensation and are dues bearing.
  • Matching contributions should be reported but are not dues bearing.
  • Employee contributions are reported as cash.
  • Catch-up and long-service contributions are reported as cash.

Improperly reporting any of the above has the potential to raise a red flag when the Board is conducting its annual compliance review. This can result in the member or employer being asked to provide documentation supporting that the RSP contributions all fall within IRS limits.

Is Your Team Answering the Call?

Seven months remain for employees to answer and embrace the Call to Health for 2018. Those who do can earn reduced medical deductibles for 2019 and a $100 Amazon gift card. Covered spouses can also receive a $100 Amazon gift card.

So far, participation is about the same as last year, but we can do better! You can help by making health and well-being a key part of your workplace culture:

  • Use the poster, web tutorial, and other materials in the Call to Health Toolkit to encourage employees to register and earn points.
  • Talk about Call to Health in staff meetings.
  • Allow time off for employees to get preventive exams.
  • If you’re eligible for Call to Health, set an example by participating, and share your experiences with your staff if you are comfortable doing so. For inspiration, check out the Call to Health member testimonials featured on pensions.org.

*Call to Health is available to members and their spouses enrolled in the active Medical Plan (the Highmark PPO or EPO); it is not available to members enrolled in Triple-S, GeoBlue, or the Medicare Supplement Plan.

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If you have questions, call the Board at 800-773-7752 (800-PRESPLAN) and speak with a service representative.