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February 22, 2017

Pension Fund staff will be hosting two conference calls on Feb. 23, 2017, at 11:00 a.m. and 7:00 p.m. EST. To join, please use the following call-in information:

11:00 a.m. EST                  Dial: 866. 216. 6835           Access Code: 996877

7:00 p.m. EST                    Dial: 866. 216. 6835           Access Code: 349412

filed under Pension Fund     tags conference call
February 17, 2017

INDIANAPOLIS (February 17, 2017) - The Board of Directors of Pension Fund of the Christian Church (Disciples of Christ), Inc. approved a 0.5% Special Apportionment for all U.S. and Puerto Rico Pension Plan participants (active, inactive and retired), effective July 1, 2017. The Board also approved Good Experience Credits, of 0.5% for the Tax-Deferred Retirement Account (TDRA) and Legacy IRAs and 3.25% for the Benefit Accumulation Account (BAA), effective March 31, 2017.

Special Apportionments, unique to Pension Fund and the Pension Plan, are additional pension credits awarded to members when reserves exist above what is required by board policy. Special Apportionments are awarded as a percentage of the accumulated pension credits in a Pension Plan member's account. The Board reviewed credits and pension data as of Dec. 31, 2016, and approved this year's Special Apportionment.

Pension Plan began 2016 funded at 113.73%. Each year, investment returns must yield a 5% return net of investment fees. Additionally, in 2016, Pension Fund adopted new mortality tables as recommended by our Actuary, accounting for updated life expectancy tables as prepared by the Society of Actuaries.  The 2015 Actuary's report called for an additional 3% or $59MM to be moved in 2016 from the reserve fund to the fund that is kept to cover all liabilities, accounting for the longevity of our members.

Good Experience Credits provide extra interest earnings for Pension Fund's TDRA, BAA and IRA accounts. This year's Good Experience Credits were awarded based on a review of the average principal balance for these accounts. Good Experience Credits follow the same funding formula as Special Apportionments. In 2016, TDRA's began the year funded at 108.59% and the BAA was funded at 112.39%. Each fund must earn the interest payout, as well as establish funding levels in excess of 115%.

As newer accounts, Annuities and IRAs (Roth and Traditional) did not have reserves in excess of 15% and therefore were not considered eligible for Good Experience Credits.

Pension Fund staff will be hosting two conference calls on Feb. 23, 2017, at 11:00 a.m. and 7:00 p.m. EST. To join, please use the following call-in information:

11:00 a.m. EST                  Dial: 866. 216. 6835           Access Code: 996877

7:00 p.m. EST                    Dial: 866. 216. 6835           Access Code: 349412

The Board of Directors of Pension Fund of the Christian Church (Disciples of Christ), Inc. approved a 0.5% Special Apportionment for all U.S. and Puerto Rico Pension Plan participants (active, inactive and retired), effective July 1, 2017. The Board also approved Good Experience Credits, of 0.5% for the Tax-Deferred Retirement Account (TDRA) and Legacy IRAs and 3.25% for the Benefit Accumulation Account (BAA), effective March 31, 2017.

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filed under Financial
February 15, 2017
Frische Headshot

Emily A. Frische has been selected through a nationwide search to serve as Chief Marketing Officer of the Indianapolis-based Pension Fund of the Christian Church. Frische comes to Pension Fund from G&H Orthodontics.

In the newly created role, Frische will be responsible for the Client Relations Team. The Client Relations Team focuses on telling the story of Pension Fund's missional impact to develop new employer relationships, enroll new members and secure new assets under management. The Client Relations Team is also responsible for educating members on personal financial management through Excellence in Ministry, overseeing the Ministerial Relief and Assistance programs including managing grants and raising funds, Pension Fund's disability benefits program, and marketing / communications. In accepting the position, Frische shared, "It is an honor to join Pension Fund serving those that serve others. It is great to be a part of a team that allows me to combine my experience and faith to help our members."

"Emily has a strong background in helping established organizations reposition themselves strategically within their market, while protecting their brand and aligning missional value," stated Pension Fund President, Todd A. Adams. "Her work experience combined with her formal and continuing education, provides us with the right strategic partner as we continue to build our leadership team."

Frische holds a Masters of Business with a Marketing emphasis from the Fuqua School of Business at Duke University. During her time at Duke, she was an Executive Fellow, Chairman of the Business Symposium, and a national grant recipient from the American Business Women's Association. Prior to leading the rebranding and marketing at G&H Orthodontics, she led the process to unify five global brands at Harlan Laboratories, corporate store marketing for J.D. Byrider, national account management at Sara Lee Corporation, and spent 10 years at Eli Lilly and Company developing marketing strategies for multiple therapeutic areas.

In addition to her professional work, Frische serves on the Pastor Parish Relations Board of St. Luke's United Methodist Church, where she also served on the Youth Commission.

Pension Fund of the Christian Church (Disciples of Christ), Inc. provides pension and retirement savings accounts for clergy and lay employees of congregations, regions, general ministries and church-related colleges and seminaries of the Stone-Campbell/Restoration Movement. Pension Fund manages over $2.9 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, leaving a blind widow and four children. An offering of over $2,700 provided for a house and living expenses. This offering began our predecessor organization, the Board of Ministerial Relief. 

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filed under Jobs     tags new hires, Chief Marketing Officer
February 3, 2017
S Beering Promo

Beering Joins Pension Fund Staff as Chief Operating Officer

Shokrina Radpour Beering has been selected through a nationwide search to serve as Chief Operating Officer and Corporate Secretary of the Indianapolis-based Pension Fund of the Christian Church. Beering comes to Pension Fund from Indiana University with an extensive career in law focused on finance, real estate and business.

In the newly created role, Beering will be responsible for human resources, compliance, internal auditing, account processing and the organization's call center. In accepting the position, Beering shared, "I am excited to be the first Chief Operating Officer for Pension Fund and look forward to using my diverse skillset to serve the members and staff."

"Shokrina's rich background in law, combined with her banking and compliance experience, provides us with a strategic partner that will be a great asset as Pension Fund refocuses our operations, enhances our culture of member service and ventures into the next phase of our mission," stated Pension Fund President, Todd A. Adams.

Beering has been recognized by many organizations for her personal and professional contributions, including the Indianapolis Bar Association Distinguished Barrister (2014), CREW Network National Impact Award Nominee (2012), and Indianapolis Business Journal Woman of Influence (2011). She was in the first graduating class of the Senator Richard G. Lugar Excellence in Public Service Series and spent 15 years serving on the program's Board of Governors.

In addition to her professional work, Beering gives her time in service to several community-based non-profits including, IU School of Medicine Community Advisory Board for Alzheimer's Disease and Dementia, Indy CREW and The Villages of Indiana. In addition to being an avid reader, she is actively involved in her local community of faith. Beering and her husband Peter engage in entrepreneurial philanthropy, operating Mission Coffee. Their work in Panama is to bring "help, healing and hope - one cup at a time."

Pension Fund of the Christian Church (Disciples of Christ), Inc. provides pension and retirement savings accounts for clergy and lay employees of congregations, regions, general ministries and church-related colleges and seminaries of the Stone-Campbell/Restoration Movement. Pension Fund manages over $2.9 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, leaving behind a blind widow and four children. An offering of over $2,700 provided for a house and living expenses. This offering began our predecessor organization, the Board of Ministerial Relief. 

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filed under Jobs     tags new hires, Chief Operating Officer
December 29, 2016

A friendly reminder that due to bank closures on Monday, Jan. 2, 2017, if you're receiving a monthly payment from us, it will be posting to your bank account on Tuesday, Jan. 3, 2017.

filed under Financial
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