So then, whenever we
have an opportunity, let us work for the good of all, and especially for those
of the family of faith.
- Galatians 6:10
In Memoriam
It is with great sorrow that we
share the news of the death of Bill Forbes after his long and Spirit-filled
battle with pancreatic cancer. Bill served the Board of Pensions as vice
president of Church Relations and corporate secretary from 2003 until his death
on June 30, 2009.
A beloved minister of the Word
and Sacrament, Bill formerly served congregations in Westfield, NJ, Princeton,
NJ, Atlanta, GA, and Houston, TX, and on the General Assembly staffs of the
former United Presbyterian Church (U.S.A.) and the Presbyterian Church in the
U.S. His profound love for the Presbyterian Church and all its members was
evident in his joyful and faithful ministry - from the congregations he served
to his national church service. We, and the entire Church, mourn his loss and give
thanks for his life.
Medical Plan Changes
Outlined in The Board Bulletin
At their June meeting, the
Board of Directors approved a number of modifications to the Medical Plan, as
detailed in the Summer 2009 issue of The
Board Bulletin.
These modifications simplify a complex Plan while maintaining its
fundamental tenets.
The majority of the Plan design
changes are the result of the federally mandated “mental health parity.” This
means that the benefit provided for medical services cannot exceed the benefit
provided for mental health services. For a detailed chart of the changes in
copayments, deductibles, reimbursement limits, etc., effective January 1, 2010,
please refer to The Board
Bulletin.
Also effective January 1,
ActiveHealth Management will take over as our health management provider. It
will provide a full spectrum of health management services for Benefits Plan
members, including pre-certification, case management, and disease management.
In addition, “habilitative”
services for children with congenital developmental disabilities, such as Down
syndrome and autism, will be covered under the Benefits Plan, effective January
1, 2010. This new coverage is the result of the expansion of the definition of
“medical necessity” in the Plan.
And effective October 1, 2009,
a dependent coverage waiver has been added to the Medical Plan. This new
provision allows active Plan members to waive coverage for their eligible
spouses and/or dependent children if they have comparable medical coverage
through other employer or military services-related group healthcare plans.
For additional information on
these and other changes, please see The
Board Bulletin.
Salary Study and Reports
Released
The Salaries
in the Parish Ministry 2009 Salary Study, the Clergy
Effective Salaries Compared by Congregation Size and Years of Service report,
the Clergy
Effective Salaries Compared by Synod report, and the Median
Salaries and Dues Minimums and Maximums for 2010 are now available on
Pensions.org.
The 2009 Salary Study reports
the median and average effective salaries for minister members of the Benefits
Plan who are serving U.S. congregations, which determines the dues minimums and
maximums for 2010.
The clergy effective salaries
reports tabulate a range of effective salary data to assist decision-makers in
reviewing clergy compensation.
Please see the study and
reports for details.
Your Annual Statement of
Benefits Mailed
Your Annual Statement of Benefits
mailed early this month to all active Benefits Plan
members as of January 1, 2009.
This personalized publication
details the benefits coverage of the member and his/her family, if applicable.
Members are encouraged to review their statement for accuracy.
Retirement Savings Plan
Midyear Review Provided
The 2009
Midyear Review of the Retirement Savings Plan of the Presbyterian Church
(U.S.A.) provides a brief history of 403(b) plans, a summary of the
important elements of the final 403(b) regulations and how they impact the
Retirement Savings Plan of the Presbyterian Church (U.S.A.) (RSP), and an RSP
participation summary for 2007 and 2008.
Audio Replay of 2009
Regional Benefits Consultations Available
The audio replay of the
plenary sessions at the Regional Benefits Consultations is now available on
Pensions.org.
Following the welcome
and worship, the Rev. Dr. Jefferson K. Aiken, Jr., chair, Board of Directors,
gave his remarks. Robert W. Maggs, Jr., president and chief executive, The
Board of Pensions of the Presbyterian Church (U.S.A.), then provided his
report, after which Judith D. Freyer, CFA, senior vice president, treasurer,
and chief investment officer, The Board of Pensions of the Presbyterian Church
(U.S.A.), gave the investment update. The plenary sessions were concluded with
an update from the General Assembly Council by Linda Valentine, executive
director of the General Assembly Council, as well as one from the Office of the
General Assembly by Gradye Parsons, stated clerk of the General Assembly.