The Pension Boards announced today the appointment of Michele Hresko as Chief Information Officer for the Pension Boards, the first woman in the company’s history to lead the Information Technology team.

Michele succeeds former Chief Technology and Information Officer Thomas J. Nolan, who recently retired after 14 years of service.

The Pension Boards’ Interim President and Chief Executive Officer Walter A. Reyes today announced that Lan Cai, who has served as the Pension Boards Deputy Chief Investment Officer since 2015, will assume the role of Chief Investment Officer effective March 1, 2025.

Current Chief Investment Officer David A. Klassen, who joined the Pension Boards as CIO in 2011, will transition to a new role as Strategic Advisor in helping develop organizational strategies and providing support to the Investment Department while facilitating a smooth realignment.

A recent Wall Street Journal article entitled, “Church Retirement Plans Sidestep Federal Oversight—and Employees Pay the Price,” published February 24, highlighted the financial vulnerabilities faced by employees of certain church-affiliated organizations, where underfunded or insolvent pension plans left employees financially insecure for their retirement years.

It is with profound sadness that we share the sudden passing of Brian R. Bodager, former President and CEO of The Pension Boards-United Church of Christ, Inc., who passed away peacefully on Saturday, February 15. After nearly a decade of service, Brian announced his departure at the beginning of February to focus on his health.

Dear Friends and Partners,

I hope this message finds you well. I am writing to share an important update regarding the executive leadership of the Pension Boards-United Church of Christ and United Church Board for Ministerial Assistance, a committed partner in ministry serving to ensure people of call can serve from a strong foundation, knowing they have access to essential financial security, health, and wellbeing services.