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Spring 2018

Perspective

Spring 2018

CPG: In Service to the Church — 100 Years and Counting
Over the past year, we have reflected on what it means to be 100 years old. We have continued our learning with the Church and about the businesses in which we operate. All of this knowledge positions us for the next 100 years. We look forward to continuing to serve the Church.

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Articles in This Issue

Facilitating Important Conversations Around the Church
Sharing insights on demographic trends and socially responsible investing.

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Understanding Lay Employee Retirement Readiness — We Need Your Help
CPG is committed to better understanding how well-prepared lay employees are for retirement.

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Strengthening International Relationships — Province IX Synod
CPG traveled to Ecuador to attend the Province IX Synod to report on General Convention Resolution 2015-A181 and break bread.

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Preparing for General Convention
CPG’s General Convention webpage has been launched to address issues coming before General Convention.

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2017 Denominational Health Plan Annual Report
Learn how the Denominational Health Plan continues to help dioceses, parishes, and other institutions control the rising costs of healthcare.

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Client Council Offers Invaluable Feedback
The 2018-20 Client Council, composed of Church representatives from bishops to administrators, shared important feedback on CPG’s products and services.

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Frequently Asked Questions
See the answer to one of the questions we are most often asked.

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Right Rail

Socially Responsible Investing Case Study Video Library

The Church Pension Fund's socially responsible investing (SRI) strategy remains focused on working with external investment managers who possess expertise in identifying investment opportunities that offer fully competitive risk-adjusted returns while providing a positive social impact. Importantly, the primary objective of our SRI approach is to earn returns that are sufficient to ensure that benefits promised to current and future beneficiaries are available when needed. We encourage you to view our SRI case study video library to learn how our socially responsible investments are having a positive impact in the world.

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Clergy Housing Allowance Ruling

In our last issue of Perspective, we highlighted a ruling by Judge Barbara Crabb of the Federal District Court of the Western District of Wisconsin, who indicated that the exclusion from taxation of a minister’s cash housing allowance is unconstitutional. This ruling has been appealed to the U.S. Court of Appeals in the Seventh Circuit (Chicago). We will continue to monitor the situation in partnership with the Church Alliance, a coalition of chief executive officers of 38 church benefit programs. You can view a Q&A on the ruling here.

Tax Reform Legislation

In late December, President Donald Trump signed tax reform legislation into law. It is important to note that this law does not affect the housing allowance exclusion for clergy. We understand that preparing taxes can be complicated with the unique tax provisions that apply to clergy. We have compiled the 2018 Tax Guide for Episcopal Ministers to help our clients prepare their 2017 federal tax returns.

If you have more specific tax-related questions, however, we encourage you to contact your personal tax advisor or our tax hotline experts Nancy N. Fritschner, CPA, at (877) 305-1414, or the Rev. Canon William F. Geisler, CPA (ret.), at (877) 305-1415.