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Administrators

Administrators' Resource Center

Be sure to check the Administrators' Resource Center  for the latest news and updates.

Cigna to Acquire Express Scripts

On Thursday, March 8, 2018, Cigna Corporation (Cigna) and Express Scripts Holding Company (Express Scripts) announced that they have entered into a definitive agreement in which Cigna will acquire Express Scripts. You can find additional details on the transaction here at their combined information website.

They indicated that they are joining forces to make it simpler for patients to access healthcare, physicians to do more consultation and less administration, and for payers to provide quality benefits. There are no changes to the day-to-day work they do on our behalf at this time, and they reiterated their commitment to servicing and meeting the needs of The Episcopal Church Medical Trust.

The transaction, which is expected to be completed by December 31, 2018, is subject to the approval of Cigna and Express Scripts shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. Until the closing, Cigna and Express Scripts will continue to operate as independent companies.

We will continue to keep you informed as additional information becomes available.

Clergy Pension Plan Revisions

The revisions to the Clergy Pension Plan are effective January 1, 2018.

Tax Reform Legislation

On Friday, December 22, 2017 President Donald Trump signed tax reform legislation into law. Please note, the tax reform legislation does not impact the housing allowance exclusion for clergy.

We will continue to review the tax legislation and its potential impact on the benefits that we offer to our clients and provide relevant updates. Click here for contact information for our tax hotline.

HoD Committee on the State of the Church Report

Following the 78th General Convention, the House of Deputies Committee on the State of the Church convened a Church Pension Group (CPG) subcommittee to study CPG’s preparedness for the future. Over the course of 2017, the subcommittee met with CPG’s executive management team to discuss a wide range of topics and collect information. These conversations culminated in the development of a report that addresses CPG’s relationship to the Church, CPG’s pension and health benefits programs, its financial sustainability, and its investment strategy.

Read the report. English | Spanish

CPG Learning

CPG.org has expanded to provide you with information and resources about financial topics to help you manage your finances and plan for retirement and health and wellness topics to assist you live a healthier life.

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