The Pension and Benefits Board is made up of Presbyterians with professional experience and expertise in disciplines relevant to the field of pension and benefits. For example, the board requires financial advisers and accountants, actuaries, human resource professionals and group benefits and insurance consultants. Just as vital to the membership of the board are the active and retired members of the pension plan and benefits plans, representative of the clergy, congregations, and staff employees.
The Pension and Benefits Board meets biannually each March and October. The board is scheduled to meet next October 7-8, 2019. At each meeting the board receives reports from its various committees.
The Technical Committee reviews issues specific to the pension plan, its regulatory requirements and member queries
The Group Benefits Committee reviews coverage under the group benefits plan and its related church policies
The Communications Committee confirms how plan members, beneficiaries, and congregations receive appropriate and timely information about the pension and benefit plans.
The board also receives detailed financial, investment, and actuarial reports at each meeting.