Time is running out for new participants to take advantage of the $500 matching incentive for 2015. Join the Plan today and the Board will match dollar-for-dollar the first $500 in contributions made this year to your account!
Last fall, the Board of Directors of the Church of God Benefits Board engaged in much discussion on how to encourage new members, especially younger ministers, to join the retirement plan. To help bring new members into the Plan, the Board agreed to offer an incentive for new participants who join the plan during 2015. The program provides matching contributions of dollar-for-dollar up to $500 to new participants who join this year. Matching funds will be contributed by the Board in December 2015.
“Being able to incentivize new participants to join the plan is an incredible opportunity to continue to grow the Ministers’ Retirement Plan, a plan that now manages some $335 million in assets, and to help new participants start a retirement plan that will benefit them and their families for decades to come,” noted Art Rhodes, President and Chief Executive Officer of the Church of God Benefits Board, Inc..
All ministers and church-related employees who receive compensation from a church, church-related school, state office, or agency or department of the Church of God International Offices are eligible to participate in the Ministers’ Retirement Plan. To join the plan, simply visit the Board’s website at www.benefitsboard.com and click on the box labeled JOIN THE PLAN. No additional action is required to be eligible for the matching contributions in 2015.