Annual Review

​The Annual Review looks back at the work of the Board of Pensions in the previous year. The Financial Report, released with it, presents the annual financial statements.

The 2018 Annual Review spotlights a year in which the Board of Pensions focused on being a creative, progressive partner for the future of the Presbyterian Church (U.S.A.). Annual financial statements are available in the 2018 Financial Report.

The whole of the PC(USA) community was embraced as more PC(USA)-affiliated organizations brought employees into the church Benefits Plan, fueling 23 percent growth in active plan membership. The Board of Pensions remained steadfastly dedicated to the care of ministers. They are vital to congregational ministry, and programs were added and expanded to support their leadership.

Highlights

  • The Benefits Plan served nearly 64,000 people, including ministers, employees, retirees, and family members.
  • A total of 267 organizations affiliated with the PC(USA), including schools and nursing homes, participated in the Benefits Plan.
  • The Assistance Program distributed 1,157 grants, totaling $5.5 million.
  • A 3.9 percent apportionment was granted for the Pension Plan, the sixth consecutive apportionment.
  • The Philadelphia Business Journal named the Board of Pensions to its list of Best Places to Work.
  • Pathways to Renewal launched, bringing young ministers into the Benefits Plan with full coverage at substantially reduced dues.
  • The 223rd General Assembly (2018) authorized Living by the Gospel, asking the Board of Pensions to update it annually and distribute it to mid councils, Committees on Ministry, Committees on Preparation for Ministry, and Pastor Nominating Committees.