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2014 Regional Benefits Consultation

2014 Regional Benefits Consultation . Robert W. Maggs Jr. President and Chief Executive. Welcome. Focus on the Changing Church … Still . The Board of Pensions. Honoring the Past,. Serving in the Present,. Dedicated to the Future. Overall Mission.

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2014 Regional Benefits Consultation

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  1. 2014 Regional Benefits Consultation Robert W. Maggs Jr. President and Chief Executive

  2. Welcome Focus on the Changing Church … Still

  3. The Board of Pensions Honoring the Past, Serving in the Present, Dedicated to the Future

  4. Overall Mission • Caring for those who serve the Church • Success depends on • Design of Benefits Plan and Assistance Programs • Personalized service to our members • Maintaining financial strength

  5. Requirements • Highly qualified workforce • Professional advisers • Up-to-date technical tools • Collegial and family-friendly workplace

  6. Options, Actions, and Decisions • Exclusive benefit of our members • Attention to employing organizations paying for Benefits Plan • Plan affordability • Rapidly changing environment

  7. Driving Change • Legal and regulatory strictures • Declining revenues • Increased operating costs • Changing social and political norms • Instant communications • Geo-political events • Volatile financial markets

  8. Considerations for the Future • Determining effects of Affordable Care Act • Providing consultative services • Ensuring sufficient financial reserves • Building mutual understanding of emerging complexities

  9. Leadership Change • Frank Spencer, President-Elect • Experienced CEO of for-profit and not-for-profit organizations • Strong Presbyterian heritage • Ordination as a teaching elder • Former Director on our Board To be presented to the 221st GA (2014) for confirmation

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