2023 Tax Guides
Tax time is upon us! Each year brings revised contribution limits and changing tax laws. To make things easier for you, we provide ECFA’s Tax Guide for Ministry Staff as well as a Tax Guide for Pastors.
Church
A History of Geneva Benefits Group and the PCA
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.”
How To Enroll in a Church Retirement Plan
As our name suggests, Geneva Benefits Group is a part of the reformed tradition. That means our decisions are directed by Scripture and guided by our church documents, even in financial matters like church staff compensation packages. But when it comes to enrolling a church staff in a retirement plan, it can be difficult to know where to start.
Bible Verses About Widows
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).
Retirement Planning for Pastors
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.