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August 30, 2017

In observance of Labor Day, Pension Fund will have the following hours:

Friday, September 1st:  Closing at 3:00 PM EST. Distribution requests must be received by 12:00 PM EST.

Monday, September 4th: Office Closed

filed under Pension Fund     tags Memorial Day Hours
August 10, 2017

For those looking for additional health care options for 2018, read more about Gravie and what steps to take by downloading their informational sheet here.

 

August 7, 2017

Beginning Thursday, Aug. 17 at 7:00 p.m. EST and continuing through Monday morning, Aug. 21 at 8:30 a.m. EST, Pension Fund will be performing a system upgrade. This will have the following member impacts:

  • The member portal, MyPensionFund, will not be available during the days and times listed above.
  • Pension Fund will have the following abbreviated operation hours:
Thursday, Aug. 17 Withdrawal requests must be received by 11:30 a.m. EST. Any requests received after this time will be held until Monday, Aug. 21.
Friday, Aug. 18 Our Member Services Center will be closed on Friday, Aug. 18 and all transactions and account updates will be deferred until Monday, Aug. 21.

As with any system upgrade, we will be testing the upgrade and keeping you up to date should any delays occur.  Thank you for your patience as we upgrade our system to better serve our members.  We will return to normal operations as quickly as possible.

If you have any questions or concerns, please email pfcc1@pensionfund.org or call us at 866.495.7322.  We apologize for any inconvenience.

July 24, 2017
Kevin Kuuskvere CFO

(Indianapolis, IN) - Pension Fund of the Christian Church is pleased to announce that Kevin M. Kuuskvere of Charlotte, NC is joining our team as Chief Financial Officer and Corporate Treasurer. Mr. Kuuskvere emerged as the lead candidate in a national search supported by Medora Ventures of New Orleans, LA.

Professionally, Kevin held the position of the Vice President of Finance and Head of Enterprise Business Planning for Teachers Insurance and Annuity Association of America (TIAA), where he also served as Chief Financial Officer of the Participant Services Division. Prior to joining TIAA, he was Vice President and Controller of Wells Fargo Corporate and Investment Banking.  Kevin also served as the Vice President of Budget, Finance, and Cost Management for Freddie Mac, managing over $2 Trillion in single and multi-family mortgage assets. Most recently Kevin worked in private equity alternative investments, focusing on the mortgage industry.

"During the interview process, Kevin clearly communicated his passion for Pension Fund's mission and his desire to have a direct impact on the lives of the church's servants," shared Ruth Weaver, search committee member and Chief Financial Officer of the Christian Church Foundation.

Mr. Kuuskvere holds his Masters of Science in Accountancy, a Master of Business Administration in Finance, and a Bachelors of Mechanical Engineering. He is a Chartered Financial Analyst and held a FINRA Series 7 license (inactive). He began his career as a United States Naval Officer serving five years in the submarine force.

"Kevin has an impressive professional background where he has demonstrated solid leadership and business decision-making," said Rev. Dr. Todd A. Adams, Pension Fund's 9th Chief Executive Officer. "He will be ready on day one to join our Executive Team and lead with a servant's heart".

Kevin served 8 years on the investment committee of the Board of Directors of the United Way of the Central Carolinas, focusing his leadership on the direct management of a $35MM pension plan for United Way employees. He is married to Patti Fogarty Kuuskvere and they are the proud parents of four children.

"I'm excited, humbled, and honored to join Pension Fund's management team," said Mr. Kuuskvere. "I look forward to the opportunity to play a leadership role in the organization and to serve its members, mission, and the church".

Kuuskvere will begin his service on August 15, 2017.

Pension Fund of the Christian Church (Disciples of Christ), Inc. provides pension and retirement savings accounts for clergy and employees of congregations, regions, general ministries, and church-related colleges and seminaries of the Stone-Campbell/Restoration Movement. Pension Fund manages over $3 billion in net assets on behalf of those serving in the United States, Canada, Puerto Rico, and related international ministries. Pension Fund began in 1895 when then Governor and Christian Church Minister Ira J. Chase died, survived by a blind widow and four children. An offering of over $2,700 provided a house and living expenses for the family. This offering began our predecessor organization, the Board of Ministerial Relief.

July 17, 2017

The Christian Church (Disciples of Christ) has the opportunity to partner with national healthcare benefits firm Gravie, which will create healthcare zones ("Healthcare Zones" or "Zones") based on groups of church employees and their families.  These Healthcare Zones may or may not be based on our current regional structure, depending upon the results from questionnaires completed by employees interested in exploring these healthcare opportunities. The role of the Christian Church Healthcare Benefit Trust (CCHCBT) and Pension Fund of the Christian Church (PFCC) is to connect potential participants with Gravie. This is not a CCHCBT or PFCC program.

In partnership with Gravie, the church seeks to make available all health insurance options - from private insurance, and ACA plans to a preferred option of pursuing Healthcare Zones where our pastors and employees would share together in the cost of a partially self-funded plan with a maximum cost and exposure that functions similar to a fully insured plan. The success of these Zones will be dependent upon the response, with pastors and church leaders community organizing to ensure a critical mass of people within each Zone. A critical mass is considered to be at least 50 people.

The program has an urgent need to determine the number of people by region who might be interested in pursuing this option. We must hear from you by August 15, 2017 via healthcare@pensionfund.org. After you express your interest via email, you will be provided with a link that will take you to a secure website where you will provide confidential and important underwriting information to Gravie. This form must be completed by Aug. 15.

The initial response will determine critical mass and rating for each Zone. Completing the underwriting form is not a commitment to participate. As with any insurance product, if there is a +/- 10% change from those who express interest and those who actually enroll, Gravie has the right to adjust the rate. Going forward, the rates will be determined by actual use experience of the Healthcare Zone.

While this is not a restart of Churchwide Healthcare, it is a renewed effort to assist those who serve the church in finding health care options. Our goal is reasonable premiums with broader access to providers.

Please read the Frequently Asked Questions below, respond by August 15, and direct any questions to healthcare@pensionfund.org or join us on July 31 for a conference call (call instruction will be e-mailed to those who have e-mailed to express interest).

Sincerely,
Todd A. Adams

 

Frequently Asked Questions

  1. Will this be group insurance? - Yes. Your employer may pay the premium directly on a tax advantaged basis.
  2. Is this guaranteed issue? - No. The premium for the Healthcare Zone will be based on the medical underwriting of the Zone. Gravie will work with those who need a guaranteed issue policy, due to health conditions, to find alternatives in their areas. Please do not assume you cannot be included in the Zone based on your current health status.
  3. Will we pay Churchwide Healthcare for the insurance? No. Gravie will bill and collect premiums, process claims, and manage all aspects of the program.
  4. What is the role of the Healthcare Trust? The Healthcare Trust will assist in determining interest and promoting and encouraging participation but will have no control or influence over underwriting, premiums, claims processing, networks, formularies, or benefits.
  5. When will premiums be available? Gravie's goal is to provide premium rates in October 2017 to those who submit the medical underwriting application by August 15, 2017.
  6. When will I have to enroll? The final date is being determined, but most likely by November 15, 2017, for coverage beginning January 1, 2018.
  7. How can I help? You can share this information with your colleagues, encouraging their participation. Better yet, pick up the phone and call them. The success of the program is dependent upon community organizing by pastors.
  8. What are the plan options? Gravie currently offers 8 plans from a $500 deductible to a catastrophic plan with a $10,000 deductible.
  9. What are the networks? The final networks will be determined based on the size and location of the Zone.
  10. What do we do if we are currently searching for a pastor? Congregations currently in the search and call process who would like to be considered as part of a Zone should e-mail, indicating interest and providing the congregation's address. This will allow their potential new pastor to be placed in a group for premium consideration.
  11. What if I am a pastor in relocation? Pastors who are relocating will have the opportunity to enroll with a new Healthcare Zone mid-year. Pastors who currently live in a Zone and do not enroll will have to wait until the next open enrollment period.
  12. When is the open enrollment period? During October and November each year. 
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