Annual Review

​The Annual Review looks back at the work of the Board of Pensions in the previous year, covering management considerations and accomplishments related to the Benefits Plan and Assistance Program. The Financial Report, released with the review, presents the combined financial statements for the year.

The Annual Review for 2017 reports on a successful, transformative year that included the launch of a redesigned Benefits Plan on January 1, 2017. The redesigned plan balances employer and employee needs while upholding the Church's commitment to its ministers.

As a result, there were 1.5 percent more active plan members at year-end 2017 than at year-end 2016, and a 19 percent increase in the number of members enrolling for benefits effective January 1, 2018.

Additional accomplishments

Highlights of the 2017 Annual Review include the following:

  • In partnership with the Office of the General Assembly, the Board established the Mid Council Leaders Gathering, which drew more than 300 elected and volunteer leaders of mid councils from throughout the country.
  • The Assistance Program distributed 1,215 grants, for a total of $5.1 million.
  • There was a 4.31 percent increase in participants and a 15.85 percent increase in assets in the Retirement Savings Plan of the Presbyterian Church (U.S.A.) from year-end 2016 to year-end 2017.
  • Sixty-seven percent of eligible members registered to participate in the Board's well-being initiative, Call to Health.
  • As part of a continuing effort to move toward efficient, 24-hour service, the Board added 11 online transactions to Benefits Connect, its benefits website.