Mary Kate Wold
CEO and President
Communicating Clergy Pension Plan Revisions with the Church
Over the past several months, the Rev. Canon Anne Mallonee, Chief Ecclesiastical Officer of the Church Pension Group (CPG), and I have had the opportunity to speak with hundreds of clergy and lay leaders about proposed changes to The Church Pension Fund Clergy Pension Plan (Clergy Pension Plan). It has been wonderful to share ideas and to receive candid feedback on our work. Every conversation has been informative and has moved us closer toward designing a modern pension program that offers flexibility to respond to emerging forms of ministry, objectivity to ensure we treat eligible clergy consistently, and clarity to help us describe and administer the plan so it can be more easily understood by all.
The reaction has been overwhelmingly positive, and we look forward to sharing more details about the revisions when they are fully vetted and approved by The Church Pension Fund Board of Trustees in December. In the meantime, I invite you to read the articles “Clergy Pension Plan Revision Ready to Enter Next Phase,” which also appears in this issue of Perspective and “Research Supports Clergy Pension Plan Revisions,” which appeared in our spring issue of Perspective, for more details.
We have been writing and talking about revisions to the Clergy Pension Plan in all of our publications and at all of the conferences we have hosted and attended. I hope you have had an opportunity to participate in these discussions. If not, you will have ample opportunity to learn about the revisions in depth in 2017, before changes are implemented in 2018.
In late September, I provided an update on our efforts to revise the Clergy Pension Plan to the Most Rev. Michael Curry, Presiding Bishop and Primate; the Rev. Gay Clark Jennings, President of the House of Deputies; the Rev. Canon Michael Hunn, Canon to the Presiding Bishop for Ministry Within the Episcopal Church; the Rev. Canon Charles Robertson, Canon to the Presiding Bishop for Ministry Beyond the Episcopal Church; the Rev. Canon Stephanie Spellers, Canon to the Presiding Bishop for Evangelism and Reconciliation; Richard Serota, Director of Information Technology for the Domestic and Foreign Missionary Society (DFMS); and John Colón, Director of Human Resources for DFMS. I am pleased to report that they responded enthusiastically to the proposals, describing them as “a gift to the Church.”
As we look ahead to 2017, when we will celebrate 100 years of service, we feel blessed to have close ties around the Church. Over decades, these relationships have kept us informed about the existing and emerging realities of those we serve and have helped us plan for the future responsibly and proactively. We are excited to begin our next century of service.
Mary Kate Wold
CEO and President
Please note that this summary is provided to you for informational purposes only and should not be viewed as investment, tax, or other advice. In the event of a conflict between the information contained in this summary and the official plan documents, the plan documents will govern. The Church Pension Fund and its affiliates retain the right to amend, terminate, or modify the terms of any benefit plans described in this document at any time, without notice, and for any reason. Unless otherwise noted, websites referenced herein that are outside the www.cpg.org domain are not associated with The Church Pension Fund and its affiliates (collectively, the “Church Pension Group”) and the Church Pension Group is not responsible for the content of any such website.