September 18 Update from the Pension Boards

Dear Friends,

Over the past several weeks, you have seen in this message an invitation to participate in a quick, two-question survey about the topics and issues most important to you. One topic that has been at the forefront, as seen in the visual word cloud below, is retirement – specifically planning for retirement, better understanding benefits, and how our funds are performing.


It is not surprising that so many of you are thinking about retirement. Those who are in the Baby Boomer generation – like me – will have been employed 40-45 years or more before we begin to receive retirement benefits in the form of annuity or pension payments. For those of you who are younger, especially those just starting out in their careers, total years of active employment will likely be more. All of us share a common goal: to retire with dignity and sufficient financial security for the remainder of our lifetimes.

Unfortunately, that is not always the reality for retirees. A recent article on the Motley Fool website, "You Won’t Believe What Little Income Retirees Are Living On", states, 

You’ll often hear that retirement is a less expensive period of life than your working years, and there may be some truth to that... But just because your living expenses may decline in retirement doesn't mean they’ll drop all that drastically. You’ll still need to pay to maintain your home, put food on the table, and cover the cost of utilities. You’ll also have to spend money on healthcare, which may not be as affordable as you’d think under Medicare.

That’s why it’s important to enter retirement with a healthy level of savings. While you can expect some income from Social Security, those benefits generally won’t be enough to cover your living expenses in full. But unfortunately, many of today’s seniors are relying heavily on Social Security, and as a result, they’re living on very little.
How can you prepare for a secure retirement? The Pension Boards can help you with products and services designed to help you achieve your financial wellness goals.

The Annuity Plan for the United Church of Christ, our denominational retirement plan, is a 403(b)(9) plan with a number of benefits and features not available in other retirement savings instruments:

  • Lifetime income in the form of a monthly annuity payment to members. You will never outlive your retirement income!
  • Ability for employer contributions on employees’ behalf, as well as additional personal employee pre- or after-tax contributions.
  • Choice of 10 available investment fund options.
  • Choice of two annuity options at retirement – Basic and Participating Annuities.
  • Ability for retired clergy to designate annuity payments from the Plan as housing allowance under current IRS rules.
  • Access to EY Financial Planning Services at no cost for actively-contributing, inactive, and annuitant Annuity Plan members.

To learn more about the Annuity Plan, and to plan for a financially healthy retirement, contact Member Services at 1.800.642.6543.

Another area of special interest highlighted in your responses has to do with the health plan and the upcoming transition to the new UCC Medicare Advantage Plan with Rx. I am pleased report that all processes related to implementation of the new plan are on schedule. I invite you to read the article below for information about upcoming mailings and events.

Thank you, again, to all who have taken the time to submit their responses. If you have not yet done so, please take a moment now and click on the survey link below to give us your feedback.

We will continue to address your suggested topics and provide the information you need to serve more effectively in your ministry setting.

As always, please contact us by phone at 1.800.642.6543 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it. if you have any questions.

Stay well, and be safe.

Best regards,

Brian R. Bodager

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UCC Medicare Advantage Plan w/ Rx: Update

The new UCC Medicare Advantage Plan w/ Rx will replace the current UCC Medicare Supplement Plan with Rx, administered by Humana, on January 1, 2021.

Information Packets

Humana FlyerIf you are a participant in the current UCC Medicare Plan, please watch your mailbox for your Humana Benefit Kit, a packet containing information about the new UCC Medicare Advantage Plan w/ Rx.

The kits will be mailed out by Humana next week and are expected to arrive in your home the week of September 28.

Informational Webinars

Register for one of these upcoming webinars to learn about the new plan.
  • Tuesday, October 13 at 9:00 a.m. ET
    Password: 171-645-945
    Dial in: 1 (562) 247-8321
  • Tuesday, October 13 at 3:00 p.m. ET
    Password: 650-181-938
    Dial In: 1 (415) 655 0060
  • Wednesday, October 14 at 9:00 AM ET
    Password: 634-861-245
    Dial In: 1 (415) 930-5321
  • Wednesday, October 14 at 3:00 p.m. ET
    Password: 997-819-664
    Dial In: 1 (631) 992-3221

Customer Care

As we prepare for the transition to the new Plan, Humana Group Medicare Customer Care is available to help. You may call Humana at 1.866.733.1872, Monday through Friday, 8:00 a.m.-9:00 p.m. (Eastern Time) with questions you may have about your coverage. When calling, please indicate that you are with the Pension Boards-UCC.

Look for more information from the Pension Boards and Humana by email and mail later this month.

Salary Report Update

As the Pension Boards transitions to a paperless environment and adapts to working remotely, we are converting to an online process for UCC churches and employers to update their employees’ salaries and pension contribution amounts. We will no longer send out the annual Salary Report to employers by mail in October.

Now, you may sign into your account on the Employer Portal and once logged in, select Salary Report/Update from the left-hand side of the page to make changes as soon as they occur. This will ensure that changes are timely, and that your monthly invoices will reflect the updated information as changes occur.

If you need a paper form, you may download and print a Salary Report Form from the Pension Boards website.

Should you have any questions, please reach out to our Member Services team at 1.800.642.6543 for assistance.

Target Annuitization Date (TAD) Fund 2020 Closing December 31

The Target Annuitization Date (TAD) Fund 2020 will close in December of this year. In anticipation of the closing of the TAD Fund 2020, you will need to select one of the two options below.

  • Annuitize your account:
    Please notify Member Services no later than October 31, 2020.
  • Select a replacement fund for the TAD Fund 2020:
    Please notify Member Services no later than 12:00 p.m. on November 30, 2020.

Any balance remaining in your TAD Fund 2020 on December 31 will automatically be moved to the Stable Value Fund.

If you have any questions, or need help, please reach out to our Member Services team at 1.800.642.6543.

Online Payment Portal for Members and Employers: Getting Started

Note: Your account, including any outstanding balances, and employee salary information, must be up-to-date before you use online bill payment for the first time.

Online payment is the New Standard for the Pension Boards. Please transition your monthly payment to our online portals today! If you are not already using the portals, it’s quick and easy to get started and transactions are secure. Click here for detailed instructions to set up your account.

Generations Financial Resources: A New Service for MFVI Participants

Generations Financial Resources, Inc., is a lending corporation designed to help alleviate the crushing burden of clergy indebtedness in the UCC. Working in coordination with the Minister’s Financial Vitality Initiative it combines personal finance education, needs-based grants to reduce debt levels, and most significantly, low-interest rate refinancing to substantially reduce the rates our clergy are paying on their educational debt.

If you are not yet in the MFVI program, we encourage you to apply and become eligible for Generations Financial Resources. Applications are available on our website. There are two options:

  • MFVI Program One is a three-year, online program of financial education, with financial incentives totaling $10,000, spread throughout the three-year program, and includes the opening of a retirement account for the participant, if one is not already established. This year, participation in Program One is expanded to 60 authorized UCC ministers. The application deadline for Program One is October 15. Click here to apply.
  • MFVI Program Two offers grants of up to $1,000 to UCC pastors whose employing church or Conference/Association raises a matching amount. Applications for Program Two are accepted on a rolling basis. We encourage you to apply, if eligible, and to encourage the clergy you know to apply.

For more information,watch this video, and contact us at: This email address is being protected from spambots. You need JavaScript enabled to view it..

Member Services

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Our full Member Services staff team is available as before to take your calls and answer any questions you may have. They may be reached at 1.800.642.6543 as well as on the online chat function on our website,

During this time, please remember that you can fax or email documents and forms to us at 212.729.2701 or This email address is being protected from spambots. You need JavaScript enabled to view it., respectively, avoiding delays that may occur with postal mail.

Stay informed. Visit the Pension Boards’ website, and follow us on Facebook and Twitter.