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The Church Pension Fund Statement Regarding Pension Plan Assets in South Carolina

 

We seek to ensure that all participants in plans sponsored by The Church Pension Fund will have access to their funds, in accordance with Federal regulations.  Due to the complexity of the current situation, we are working through proper channels to make sure this happens for participants in our plans who are employed by parishes and institutions whose leadership has terminated their affiliation with the Episcopal Church.  In doing so, we are following protocols required by the Internal Revenue Code to avoid any adverse consequences for the participants in the plans.  We expect to complete this process shortly.  In the meantime, all funds remain invested in the options selected by these employees, and all accounts are fully viewable on Fidelity’s website.