Retirees of Church-related Pension Plans Suffer Loss
The Basic Pension Plan of the Church of the Nazarene is financially stable and not in imminent danger of default, but whether it remains that way continues to be in the hands of districts and churches, according to Don Walter, director of Pensions and Benefits USA. "Due to the decline in asset values, we are now years from being fully-funded and although at present we have sufficient reserves to pay current levels of benefits, this doesn't mean we have a bottomless well from which to draw," Walter said. "Unless we are faithful, we could face the same problems other church-related pension plans are suffering."
Need Help with Your 403(b) Retirement Account?
Fidelity Investments-partner with Pensions and Benefits USA in the administration of the Nazarene 403(b) Retirement Savings Plan-makes it easy for you to take charge of planning for your retirement. From live web workshops and confidential consultations, to an array of easily accessible retirement tools and resources, you can get assistance that will give you greater confidence in managing your account-and it's all free! Find out more.
Health Care Reform and Churches
From his column God, Government and Me—Taxes in the Church
The health care reform law is destined to affect nearly all church employees and most congregations. Here are the main issues congregations may wish to consider:
The importance of keeping the same coverage.
Congregations will be able to avoid some of the law’s requirements by keeping their coverage the same after the law’s effective date (March 23, 2010). Changes that must be made to all plans include:
P&B Fund Giving Year-to-Date
In an effort to keep the status of the P&B Fund up to date we provide this report of year-to-date giving by districts as reported by the General Treasurer. Please note that all of the columns are sortable by clicking on them.
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Pastor Buck
Fidelity Investor's Weekly*
NCN News
*These articles are produced by Fidelity Investments for their general investor audience. The information contained therein may not be applicable in all respects to the tax status of ministers and church employees participating in the Nazarene 403(b) Retirement Savings Plan.
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