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Selecting 2018 Benefits

​The Board of Pensions is a nonprofit, mission-driven agency exclusively serving the Presbyterian Church (U.S.A.). The church Benefits Plan, administered by the Board for churches, agencies, and affiliated employers, covers approximately 61,000 people, including members, family members, and retirees in the 50 states, Puerto Rico, and the District of Columbia.

How We Are Different

We are a unique national organization that offers scale, expertise, and value unavailable in the commercial market today, supported by our calling to serve others. The Benefits Plan is built on church values — community nature, compassion, justice, and fair compensation — and the fundamentals of affordable healthcare and income security.

Preventive care benefits combine with our Call to Health initiative, Assistance Program, and Board University to support four components of overall well-being: spiritual, health, financial, and vocational. The plan’s flexibility enables employers to provide benefits based on their resources and the needs of their employees.

Our products and service are distinguished by the following:

  • Nonprofit status. As a nonprofit, we are able to pass along industry-leading value per dollar to plan members. In fact, 87 cents of every dollar we receive in dues/employer contributions is used to pay claims.
  • Community nature. The Benefits Plan supports the community as a whole; nearly every program follows the philosophy of providing an equal or greater benefit to those at lower income levels.
  • Pricing stability. Scale and structure enable us to manage pricing changes without the volatility found in commercial markets — especially for small to midsize employers. Our compounded average annual increase for healthcare coverage over the last 10 years is 5.22 percent.
  • Service culture. Our long-tenured customer service representatives provide caring, thoughtful guidance to employers and employees navigating today’s benefits world.
  • Financial expertise. Our internal Investment team oversees a $9.4 billion portfolio supporting programs that include a defined benefit Pension Plan (123.7 percent funded at year-end 2016).

As a leader in the Church Benefits Association (CBA), the Board benefits from the accompanying purchasing and negotiating influence that yield low fees and high service levels. Our healthcare purchasing coalition is Highmark Blue Cross Blue Shield’s single-largest customer, and our prescription drug coalition has more than 400,000 lives.

What To Do and When

Each year, you are asked to review, update, and submit your Employer Agreement to the Board. The benefits you select in the Employer Agreement will be the benefits your employees will see on Benefits Connect during fall annual enrollment. When you log on to Benefits Connect to review, update, and submit your Employer Agreement each year, you will be able to

  • review and refine benefit groups;
  • select benefits available for each group;
  • review costs and contributions;
  • model selections; and
  • submit your final Employer Agreement, usually required by mid-October.