Annual Review

The 2020 Annual Review traces the path of the Board of Pensions through an extraordinary year. COVID-19 sent much of the world into lockdown. The murder of a Black man by a white police officer in Minneapolis ignited global cries for justice. And a divisive presidential campaign fractured families and friendships.

Through it all, we walked steadily alongside our employers and members. We served with compassion, even as we stepped up to meet the need of an exceptional time. Responding to the demand for an end to structural racism, we moved to wipe the systemic effects of this unjust legacy from our agency. We served more, served better, and served the Church, and we continue to do so.

The 2020 financial statements are found in the Financial Report.

2020 Highlights

• 26 percent membership growth 2017-2020
• $702 million in total benefits paid
• 65,891 individuals served by the Benefits Plan
• $11 billion in the Balanced Investment Portfolio
• $9.3 million for 1,339 Assistance Program grants distributed
• 11,339 members and spouses participated in Call to Health
• 52,757 calls received by our call center
• $1.019 million in subsidies for new calls

Our 2020 COVID-19 Response

• $6.7 million in dues forgiven for 300 congregations
• $275,000 in COVID-19 relief grants for 22 affiliated employers to assist struggling employees
• $1 million in dues deferrals for 122 employers
• 100 percent coverage of physician-ordered coronavirus expenses
• 20-hour minimum workweek suspended to ensure continued medical coverage for members