From the very beginning of the church, the apostles called Christians to care for widows. The most famous passage in the Bible about widows carries that very message, and it is the inspiration for our yearly Look/After campaign: “Religion that is pure and undefiled before God the Father is this: to visit orphans and widows in their affliction, and to keep oneself unstained from the world” (James 1:27).
In our research, we found that 70% of PCA pastors are not confident that they have enough savings for retirement, and therefore need to plan for retirement. As many PCA pastors reach retirement age, Geneva helps the most pressing cases with financial aid through the Relief Fund.
For fifty years, Geneva Benefits Group has administered the Ministerial Relief Fund on behalf of the Presbyterian Church in America (PCA). The first General Assembly of the PCA established this committee to manage retirement and benefits of the newly formed denomination and to develop a program to “meet the needs of ministers and other workers in the church in an adequate manner.”
Dear Friends, I am writing to introduce myself, and to let you know of some changes at RBI Ministerial Relief. As you know, Bob Clarke retired from his position as Director of Ministerial Relief in March. Bob served faithfully in that role for 10 years, and I know...
Effective January 1, 2020, the PCA Target Retirement Fund 2010 will be closed to all new investors and the assets will transition into the PCA Harvester Fund. This transition is part of the intended design for all PCA Target Retirement Funds and moves assets into the...
You may have heard that very soon, PCA Retirement & Benefits (RBI) will be offering a ‘lifetime income’ solution in the PCA Retirement Plan. This new and innovative type of longevity annuity is known as a ‘Qualified Longevity Annuity Contract’ (QLAC). A QLAC is...
Retirement does not necessarily mean the cessation of ministry activity. Rather, it simply means no longer relying on ministry to generate revenue needed to support your lifestyle. Everyone’s path to retirement will certainly look different. However, there are people...
Setting Financial Goals for the New YearA new year means new possibilities. You likely have set some goals for yourself about your spiritual life, your health, or your finances. Of course, setting goals is one thing. Changing your habits often proves more challenging....
Gary Campbell CFA® - Investment Specialist
One of the most difficult financial challenges many families face is how to convert retirement assets into an income stream that lasts for a lifetime. RBI’s Financial Planning Advisors hear stories like the following. Jerome and Nancy, a family of five, are nearing...