Guide to the Lay Defined Benefit Plan Disclaimer

This Guide generally reflects the rules in effect as of January 1, 2023. This material is provided for informational purposes only and should not be viewed as investment, tax, or other advice. It does not constitute a contract or an offer for any products or services. In the event of a conflict between this material and the official plan documents or insurance policies, any official plan documents or insurance policies will govern. The Church Pension Fund (CPF) and its affiliates (collectively, CPG) retain the right to amend, terminate, or modify the terms of any benefit plan and/or insurance policy described in this material at any time, for any reason, and, unless otherwise required by applicable law, without notice.

The Plan is a qualified plan under section 401(a) of the Internal Revenue Code, but as a church plan, it is not subject to the Employee Retirement Income Security Act of 1974, as amended. The Plan’s financial condition is disclosed in the Church Pension Group Annual Report, which is located on our website at cpg.org. Like many defined benefit plans, there may be times when the Plan is not fully funded. CPF, as sponsor of the Plan, continues to monitor the Plan’s funding status and reserves the right to change the employer assessment rate at any time.

In case of a conflict between the English version of this material and any of the Chinese, French, and Spanish versions, the English version will govern.