Greetings to you from the Pension Boards. Each November, our Board of Trustees and its Committees—along with the United Church Board for Ministerial Assistance—hold governance meetings in an offsite location. With the ongoing pandemic, our usual schedule of meetings has changed, and last week and this week we have been conducting business virtually via Zoom. Please look for updates on Board actions in upcoming weekly messages.
November is open enrollment month for two Pension Boards benefit plans—Optional/ Additional Life Insurance and the Flexible Benefit Plan. Current participants in the UCC Life Insurance and Disability Income Benefit Plan have an opportunity to purchase additional coverage for themselves and their eligible dependents, at attractive group rates. The Flexible Benefit Plan for UCC Ministries—also known as a flexible spending account or FSA—allows employees to set aside a portion of their pre-tax salary to help pay for qualifying health and dependent care expenses. Please read the article directly below for more information.
This week, I am pleased to announce the launch of new publication from the Pension Boards: Generations: A Journal of Faith and Finance, which addresses the places in our personal and corporate economic lives where the values of faith intersect with our financial obligations and opportunities. Contributors to the journal bring their own experience and viewpoints from the worlds of faith—within and beyond the United Church of Christ—and finance.
Your net worth and cash flow are important barometers of your financial wellness.
Your net worth is your current assets (what you own) minus your current liabilities (what you owe). Among other things, your assets include savings and investments and any property you own. Your liabilities may include housing-related debt, such as a mortgage or home equity loan; car loans; personal loans; and credit card balances.
If you owe more than you own, you have a negative net worth. If you own more than you owe, you have a positive net worth.Read more.
By Rev. Mark E. Pettis
The Rev Mark E. Pettis, Senior Minister of Manhattan Beach Community Church in California, is completing his 10-year journey with the Next Generation Leadership Initiative (NGLI), a leadership development initiative administered by the United Church Board for Ministerial Assistance, the philanthropic arm of the Pension Boards. Read Rev. Pettis’ letter as he shares his journey and appreciation of the NGLI program.
Having just completed my participation in the “Benediction” event for NGLI*1 (the first cohort in the Next Generation Leadership Initiative), I find myself hovering in a reflective space. Spending this final, “formal” time together with my NGLI cohort reminded me of all that this wonderful program has meant for me and my ministry.
With October almost at an end, we are entering the final stretch of 2020 – a year that has changed just about everything. In our communities, homes are festooned with seasonal décor, but in many places, there will be no trick-or-treaters knocking on the door and plans for upcoming holiday gatherings will be scaled down. Many, if not most, of our congregations continue to worship virtually, and are planning to do so throughout Advent and Christmas. With a new surge in COVID-19 cases, we remain careful, observing safety protocols to protect our health and the health of others.