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The Board of Pensions and BenefitsWho is the Board of Pensions and Benefits and what do they do?The Board of Pensions and Benefits is a twelve-member board. The president of the Covenant; the vice-president for finance and director of pensions; the executive minister of the ordered ministry; and a liaison from the Executive Board are ex-officio members of the Board of Pensions and Benefits. The director of finance is an advisory member of the board. The director of pensions acts as an agent representative between meetings of the board and reports to the board actions taken and representations made on behalf of the board. The Board of Pensions and Benefits administers the pension program of the ministers and manages the group insurance plan for church workers through Bethany Benefit Services. Members may be asked to be on a committee relating to insurance, investment, rules, or audit matters. (Want to know more? Read Section 10.5 of the Constitution and Bylaws or the Covenant Pension Plan.) |
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