REGIONAL BENEFITS CONSULTATION OF THE BOARD OF PENSIONS IN SAN DIEGO, CA Consulta Regional de Beneficios de la Junta de Pensiones de la PC(USA) en San Diego, CA By Rev. Katherine Norvell Jose Luis Casal and I represented Tres Rios Presbytery at the Board of Pensions Western Regional Consultation April 22-23. This annual event seeks to exchange information and ideas between the Board of Pensions, Presbyterian Councils and the larger church. This year an emphasis was placed on asking benefits decision makers at the congregation level to attend. The Consultation began with an address by Rev. Frank Spencer, Board of Pensions President. He has just completed his first year of service in that capacity. Based on an overall assessment during that time, he expressed the following goals for the Board: * Fulfill Church's covenant with teaching elders - retired, active, and yet to be ordained * Serve more employees who serve the Church * Provide employing organizations with flexibility and a competitive benefits package * Help employing organizations be the best employers they can be * Maintain financial strength And the following commitment in reaching these goals: * Faithfulness: Keeping promises * Flexibility: Meeting needs where possible * Transparency: Sharing data and challenges openly * Hopefulness: Expecting transformation Other staff members also made presentations during the consultation which gave specific information about the people served, revenue and expenses of offering benefits, and the excellent financial health of the Board of Pensions investments. (Power point presentations are available at rbc.pensions.org.) The Board of Pensions staff also encouraged all plan members and employing congregations to take advantage of the wealth of information available at the Board's website. Attendees at the Consultation were then asked to meet in small groups provide feedback on the values and priorities they believe are important to the Church going forward. This feedback, along with that garnered from the Eastern and Central Consultations will inform the Board's decisions and direction. These results will be published on Board's website at pensions.org. Along with the assurance of the excellent financial health of the Board of Pensions was the announcement of a The Board of Directors approved a 4.7 percent experience apportionment for the Pension Plan, effective July 1, 2015. |