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.
Highlights of the 2017 Annual Review include the following: