Achieving a healthy balance in your life is an important step in fulfilling your responsibility to Stewardship of Self, a shared commitment to your spiritual, vocational, financial, and health soundness that helps enrich the Presbyterian Church (U.S.A.) community.
The dues calculator—an accurate, convenient tool
The dues calculator, available on Pensions.org, is an accurate and convenient tool for calculating dues for monthly and annual Traditional Program or Affiliated Benefits Program benefits. It automatically factors in the full-time equivalent for medical benefits and the minimums and maximums for medical, death and disability, and pension benefits. The information can help treasurers and administrators budget for the current year and the following year (related dues for following year are available in July) and project dues for new employees.
Additional tools are available through Benefits Connect on Pensions.org If you have not yet registered for this secure, easy-to-use site, you can do so by logging onto the Pensions.org homepage and selecting “Register” under the Benefits Connect heading.
IRS provides temporary relief for final 403(b) regulations’ written plan requirement One of the requirements of the final 403(b) regulations is a written plan document for all 403(b) plans by January 1, 2009. The Internal Revenue Service (IRS) has provided relief from immediate compliance with this written plan requirement, giving plans until December 31, 2009, to adopt a plan document. However, the plan document must be retroactively effective back to January 1, 2009, when it is adopted.
Churches and employing organizations that have employees who participate in the Retirement Savings Plan of the Presbyterian Church (U.S.A.) still have time to submit an Adoption Agreement to the Board of Pensions. Plan sponsors and employers must complete this agreement to ensure compliance with the written plan document requirement of the new regulations.For more information, please refer to the news article on Pensions.org.
Members should continue to reference Pensions.org or call 800-773-7752 (800-PRESPLAN) with questions about the Plan. Calls will be referred to Ms. Donald as the situation warrants.
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