Wespath Retirement Benefits and Financial Planning Services

1. 1 | Wespath

2. Housing Allowance Exclusion • Available to retired clergy • Not applicable to surviving spouse* • Attach a note to IRS Form-1040 • Refer to section in conference journal * Unless clergy couple

3. Comprehensive Protection Plan Death and Disability

4. Active Clergy Death Benefits 2019 CPP Death Benefit 2019 DAC: $71,361

5. Retiree Death Benefit Eligibility • Eligible to receive a clergy retirement benefit • 25 years total CPP participation, or • CPP participation immediately preceding retirement in 12 of last 15 years in 2019

6. Retired Clergy Death Benefits 2017 – 2020 Benefits increased 2% January 1, 2017and every four years thereafter

7. CPP Disability Benefits • 70% of plan compensation coordinated with anySocial Security disability benefit • Must submit application and be approved • Periodic re-approval • Retirement plan credit

8. Access to Retirement Plans Disability

9. Retirement accounts and welfare plans—CRSP DC, MPP*, UMPIP and CPP death benefit Designate in advance who receives benefits Plan defaults—spouse or estate (if not married) Beneficiary Designation * Not yet annuitized

10. Beneficiary Designation • Beneficiary designations are required for retirement and welfare plans, and supersede Will provisions • Can make separate designations for CRSP DC, UMPIP and CPP • Update at times of change • Birth or adoption of a child, marriage, divorce or death • Update at benefitsaccess.org

11. EY Financial Planning Services

12. Program Advantages • Confidential, professional financial counseling at no additional cost* • Unlimited hours of financial planning advice via telephone • Objective advice—no sales pitch • No need to enroll • Call1-800-360-2539 • Visit website: wespath.eyfpc.com(create a username and password to register) * Costs for these services are included in Wespath ’s operating expenses that are paid for by the funds.

13. Consultation Topics • Creating a retirement plan • Electing Roth contributions • Choosing retirement plan investments • Buying a home • Developing an estate plan • Managing debt • Funding children’s/grandchildren’s education • And more

14. EY Financial Wellness Assessment • Questions financial attitudes and behaviors • Identifies financial concerns • Provides score and recommendations for improving finances • Take periodically to compare scores and develop new action plans

15. Action Planning • Register for Benefits Access • Online—benefitsaccess.org • Mobile app • Optimize your contribution strategy • Determine your investment strategy—review your LifeStage Investment Management profile • Project your retirement income • Call EY

16. www.wespath.org 16 | Wespath

17. Benefits Access • Current account information • Projection tools • Retirement Readiness Tool • Retirement Benefits Projection • Investment information • Beneficiary designations • Educational resources about financesand retirement

19. Retirement Benefits Projection Not a “forecast,” but a changeable estimate based on: • Account growth • Inflation assumption for salary • Assumed retirement commencement date • DC account balance distributions are projected using LifeStage Retirement Income

20. Created for: Sample Participant Printed by: User 01/02/2019 20 | Wespath

21. Retirement Readiness Tool A projection of how much income you are expectedto have in first year of retirement, based on: • Retirement age • Risk tolerance • Current compensation • Includes estimate of Social Security Retirement Benefits Tool also indicates whether there is a gap between amount of income you are expected to need and how much you are expected to have.

23. As of 08/31/2015 to 01/02/2019

24. As of 01/02/2019 24 | Wespath

25. As of 01/02/2019 25 | Wespath

26. Reasons to Keep Your Money with Wespath • Autopilot solutions—LifeStage Investment Management and LifeStage Retirement Income • Comprehensive financial guidance—EY Financial Planning Services • Clergy housing allowance preservation—Rollovers out of a Wespath-administered plan may not be eligible for the housing allowance exclusion • Sustainable investment—We promote environmental stewardship, human rights and sound corporate governance to create long-term value • Expenses—Compare our investing costs with other plans and IRAs • Flexible retiree loans—Retirees can take a loan from account balancesinstead of a taxable distribution

27. Participant Resources Wespath Customer Servicewespath.org 1-800-851-2201 Benefits Accessbenefitsaccess.org (online participant account management)Mobile app EY Financial Planning Serviceswespath.eyfpc.com 1-800-360-2539

28. Questions?

30. Key Messages to Participants • Your benefits are secure. Your retirement account with Wespath is secure. Wespath will continue to administer your pension benefits as a prudent fiduciary.  • Our mission remains. Wespath will continue to provide investment and benefit services that honor the missionand principles of the UMC. • We are sustaining investments for future generations. Wespath is focused on the future, assuring that the plans we manage and the funds we invest are sustainable for future generations. • Wespath will adjust as necessary. Through our scenario planning, we are well-positioned to continue fulfillingour mission. wespath.org/WayForwardWespathFAQ/