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Fall 2017


Fall 2017

An Enduring Commitment to Serve

CPG and The Church Pension Fund Board of Trustees are committed to acting in the best interest of the clergy and lay employees who participate in our pension and other benefit plans.

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Articles in This Issue

Investment Update

CPF investment assets increased to approximately $12.9 billion.

The Most Reverend Michael B. Curry Visits CPG 

The Most Reverend Michael B. Curry met with CPG employees to discuss CPG’s service to the Church and to answer questions about his ministry.

CPG Supports The Jesus Movement

The work of CPG is aligned with the three pillars of The Jesus Movement—evangelism, racial reconciliation, and environmental stewardship.

How the CPF Board Approaches Decision Making

Learn about the role of the CPF Board in pensions and benefits policy decisions at CPG.

Report to the House of Deputies Committee on the State of the Church

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.

The Changing Realities of Clergy Deployment

CPG’s Research and Data Department recently hosted a webinar to discuss findings from its research into The Changing Realities of Clergy Deployment in the Episcopal Church.

Church Publishing Bestseller Addresses Racial Reconciliation

Living into God’s Dream, by Dr. Catherine Meeks, an acclaimed work that addresses racial reconciliation.

Important Information

Clergy Housing Ruling

On Friday, October 6, 2017, Judge Barbara Crabb of the Federal District Court of the Western District of Wisconsin ruled that the exclusion from taxation of a minister’s cash housing allowance is unconstitutional. The exclusion allows a minister to exclude from taxable income a cash housing allowance designated and paid by his or her church.

The Church Alliance, a coalition of the chief executive officers of 38 church benefit programs that CPG works with on legislative and regulatory matters, prepared a summary of the ruling that you can view here as well as Q&A about the ruling. We believe that this decision almost certainly will be appealed, and we will continue to monitor the case and keep you abreast of future updates.

Revisions to Pension Plans and Related Benefits

Take the new eLearning course Understanding The Church Pension Fund Clergy Pension Plan.