In the recent meeting of the Board of Trustees of the Church of God Benefits Board, the entity charged with managing the Ministers’ Retirement Plan, the return on the Trustees’ Fund was set at four percent (4.00%) for 2018.
In a time when fixed return rates remain at a historical low, the Board determined that it was extremely fortunate that the Ministers’ Retirement Plan can continue to pay at a rate that greatly exceeds the market rate. While the Board has projected the rate for the Trustees’ Fund to remain at four percent in 2018, it is possible that the rate could change based upon market conditions. If the economy recovers more quickly than anticipated, the rate could be increased. Conversely, if the economy were to falter, the Board could lower the rate during the year if such became necessary.
Participants are also reminded that they may invest in three other options besides the Trustees’ Fund. The other options are all based upon stock funds and fluctuate with the stock market. Your ability to withstand volatility should be taken into consideration before making any investment selection. Further, you should always remember that past performance is not a guarantee of future performance.
If you are not a member of the Ministers’ Retirement Plan, you can join by going to http://www.benefitsboard.com and clicking on “Join the Plan.” For new participants, the Benefits Board will match dollar-for-dollar the first $500 contributed to your account in 2018.