Category Archives: Board of Pensions

Tax Resources for Ministers

– From the Board of Pensions

2016 and 2017 Tax Resources Are Here!

The Tax Guide for Ministers for 2016 Returns and Federal Reporting Requirements for Churches: What You Need To Know for 2017 are now available through Benefits Connect (search in Resources & Support). The Tax Guide will also be mailed to active and retired teaching elders this month.

Included with the Tax Guide is the housing allowance letter, which is available on pensions.org.

The web module Tax Tips for Members and Churches – Tax Year 2016 is now available at Board University. This annual resource helps active and retired teaching elders, treasurers, and church administrators understand recent tax law changes that affect income tax reporting and filing. The module contains links to other helpful resources, including the Clergy Housing Allowance web module.

Learn About Federal Reporting Requirements for Churches

What You Need to Know in 2015

You can now access Federal Reporting Requirements for Churches, What You Need to Know in 2015 on pensions.org, through Benefits Connect.

Benefits Connect is the Board’s secure benefits website that provides

  • church treasurers and business administrators access to important information for their organization’s benefits administration responsibilities;
  • eligible members access to their personal and benefits information and online tools; and
  • access to the Tax Guide for Ministers.

Using Benefits Connect Is Easy

If you are not already using Benefits Connect, registering is easy. Go to pensions.org and click Register beside Benefits Connect. You will need your PIN and email address. Follow the easy instructions to create your password and user profile.

If you have questions, call the Board of Pensions at 800-773-7752 (800-PRESPLAN) and speak with a member service representative.

Learn About the Changes to BOP Medical Dues

For 2015, Traditional Program medical dues are:

  • 24.5 percent for Member + Family coverage (covering eligible family members, including covered partners and/or children); and
  • 23 percent for Member-only coverage. (Member-only coverage is for members who are single or whose eligible family members have access to other coverage, such as employer-sponsored coverage.) Employing organizations may ask members to pay none, some, or all of the 1.5 percent allowable dues-share amount.

Learn about changes to Traditional Program medical dues for 2015

 

 

News from the Board of Pensions

Annual Enrollment

Time to Check on Dental and Supplemental Death Benefits, the Retirement Savings Plan, and Long-Term Care Insurance

Annual enrollment, now through November 15, is your chance to apply for or make changes to dental and supplemental death coverage. If you did not enroll in these plans when you first joined the Benefits Plan, annual enrollment is the only time you can enroll in or make changes to your dental and supplemental death coverage unless you have certain qualified life-change events.

It’s also a great time to choose to start saving – or save more – in the Retirement Savings Plan and to consider applying for Long-Term Care Insurance.

Visit pensions.org/annualenrollment for additional details and applications.

Oct. 1-3 BOP seminars in Champaign, IL

Board University education seminars are a plan benefit provided for our members and employing organizations. The Board of Pensions is pleased to partner with the Presbytery of Southeastern Illinois to offer these seminars in at First Presbyterian Church in Champaign, IL:

  • October 1-2 Growing Into Tomorrow…Today, a holistic retirement planning seminar for mid- to late-career plan members (age 50 and older, but not yet retired clergy and lay plan members, and their guest). Download the Flyer
  • October 3 Post-Retirement seminar, on post-employment vocation, retirement, and financial planning for clergy and lay plan retirees (or their designated representatives), and surviving covered partners. Download the Flyer

Each seminar has a maximum seating of 30 attendees. Registration opened on July 8 and runs through September 13, 2013.

To learn more about the seminars, and to register to attend them before their respective deadlines, interested individuals may visit the registration websites for each seminar being offered:

For questions or concerns about these seminar offerings, or any of the Board’s education programs, please contact us at education@pensions.org or 800-773-7752, ext. 7223.

The Board of Pensions of the Presbyterian Church (U.S.A.) | 2000 Market St., 4th Floor | Philadelphia, PA 19103-3298

P: 800-773-7752, ext. 7223 / 215-587-7223 | F: 215-587-6212 | www.pensions.org

Visit Seminars & E-learning on www.pensions.org! Board University programs and resources are organized into three audiences so you can find what best fits your needs: members, treasurers/administrators, and mid councils.

Board of Pensions has Updated Tax Guides

New Tax Guide for Ministers and Federal Reporting Requirements for Churches Available

February 6, 2013

The Board’s annual publications that assist teaching elders and churches with tax-related issues have been updated and are now available.

  • The Tax Guide for Ministers has been updated for the 2012 tax year.
  • The Federal Reporting Requirements for Churches booklet is designed for church treasurers and business administrators.

To help teaching elders and churches understand what’s new for the 2012 tax year, the Board has also released new and updated resources in the Tax Resource Centers for members, treasurers and administrators, and mid councils on pensions.org.

More…

An Invitation to pastors and CLPs and spouses in POV

On Tuesday September 14th, the POV Lilly Grant is sponsoring a special catered dinner for pastors, CLPs, and their spouses who are attending the Board of Pensions seminar, Growing Into Tomorrow … Today, to be held at Evansville Eastminster Church on September 14th & 15th.

We would like to extend an invitation to all area pastors, CLPs, and their spouses regardless of whether your are taking the seminar or not.

The dinner will begin at 5:30 p.m. and will be held at:
Fairfield Inn West
5400 Weston Rd.
Evansville, IN 47712
(812) 429-0900

Here is a link to a map of the Fairfield Inn West.

If you plan attend please let Charlie Pye know, by email or phone, no later than Monday, 9/13/10. His email is cpye@bluegrass.net and his phone is (502) 727-9852.

The seminar itself is full but, if you are interested in it, you can put yourself and your spouse on the waiting list here:
https://www.cvent.com/EVENTS/Register/IdentityConfirmation.aspx?e=3307fb27-c8e2-49b2-91dd-1942d824e4f3

If space becomes available and you will be able to attend the seminar itself, the POV Lilly Grant will also pay for your hotel room at the Fairfield Inn West on the night of the 14th. Therefore, please contact Charlie Pye cpye@bluegrass.net or (502) 727-8152, as soon as you know, so he will be able to reserve the room.

We hope you’ll join us for dinner on 9/14/10 for an opportunity to relax and share a meal with your fellow pastors, CLPs, and their spouses.