Which Lifetime Income Annuity is Best for You at Retirement – Basic or Participating?
If you are a Pension Boards member approaching retirement, it is important to understand the two lifetime income annuity options available to you, the Basic and Participating Annuity. Read this Q&A aticle to learn more.
All of us at the Pension Boards continue to pray that you and your loved ones remain well and safe. Our executive team remains focused on developing a re-entry plan that ensures our colleagues remain healthy and safe once state and local restrictions are lifted.
We prepared for this time!
The entirety of the Pension Boards is operating remotely and has been for 9 weeks!
As the Pension Boards staff enters into our ninth week of sheltering in place and working remotely, we continue to pray that you and your loved ones are well and safe. Our executive team remains focused developing a re-entry plan that ensures our colleagues remain healthy and safe once state and local restrictions are lifted.
The Pension Boards joins other faith-based investors, activists, and justice advocates to support a petition that protects the health of migrant farmworkers in Immokalee, FL.
Greetings to you on behalf of the Pension Boards staff and Trustees. We pray that you and your loved ones remain well.
As we reported in last week’s update, although our staff team continues to work from home, the executive team has begun planning for a gradual re-entry into our offices at a date to be determined in accordance with state and local mandates. Our return to the office will be implemented carefully and thoughtfully to ensure the safety of our colleagues. Additional information will be shared with you once the plan is in place.
Ubuntu is a Southern African term that is often translated as, “I am because we are.” It means that we cannot become the people we are created to be and fulfill our potential apart from one another. Ubuntu points to the truth that our lives, our destinies, our very humanity are formed in community.
We pray that these messages continue to find you and your loved ones healthy and safe.
Pension Boards staff continue to work remotely in accordance with New York State directives. Our executive team has begun planning for the eventual re-entry into our offices, but at this time we cannot say with certainty when that will be. Be assured that all staff are operating at full capacity during this period of isolation. Please read the message from Rev. Rick Walters, Associate General Counsel and Director of Corporate Social Responsibility (below) for a reflection on how the Pension Boards is ministering to you during the coronavirus pandemic.
Along with the leadership team and my colleagues at the Pension Boards, as well as many others in the wider church and throughout our world, I have been reflecting deeply about the questions presented by the COVID-19 pandemic. Certainly, the pandemic has had a devastating impact on those struck by the disease, their families, caregivers, and communities, and our sincerest prayers go out to all of them. But as a ministry of the United Church of Christ that serves some 20,000 clergy and lay church workers and the many congregations and UCC-related organizations participating in our health, annuity, and other benefit plans, we are especially challenged with the questions posed by this crisis specifically to the church and what it may become on the other side of the darkness.
Many of our congregations, already challenged by economic pressures due to decline, changing demographics, new technology, and the high costs of old buildings – including insurance and deferred maintenance – are faced with the new pressures of virtual gatherings, reduced contributions and doing pastoral care while socially distancing. As if this were not difficult enough, government red tape and long lines for service even to seek the meager relief now available are extremely taxing on small staff congregations and part-time clergy already stretched to their limits.
What can we learn from this experience as a church, as a financial ministry of the United Church of Christ, and as individuals concerned about the health and wellness of our leaders, parishioners, congregations, and institutions?