Here at PCA Retirement & Benefits (RBI), we are taking unprecedented actions to mitigate the impact of this growing threat to our employees and making certain our pledge of service to the employees of the Presbyterian Church in America (PCA) continues without change.
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.
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.”
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....