Author Archives: benefitsboard

About benefitsboard

Art Rhodes is the President and CEO of the Church of God Benefits Board, Inc. - the administrator of the Ministers' Retirement Plan and the Church Loan Fund, Inc. The corporate offices of the Benefits Board are in Cleveland, TN.

Board Manuals Updated for 2023

With each New Year comes new rules, new regulations and new contribution limits. Therefore, all the Benefits Board’s free educational manuals have been updated to take into consideration all relevant changes for 2023. You can access the latest version of … Continue reading

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Posted in 01 - January 2023 | Leave a comment

Are You Prepared for the New Year?

As we begin a new year, we must carefully evaluate whether we are financially prepared for what lies ahead in 2023. Although there were some warning signs a year ago, no one predicted that we would see the financial trauma … Continue reading

Posted in 01 - January 2023, 2023, Uncategorized | Leave a comment

IRS Announces 2023 Standard Mileage Rate

The Internal Revenue Service recently issued the revised standard mileage rate which is used to calculate the deductible costs of operating an automobile for business purposes during 2023.Beginning January 1, 2023, the standard mileage rate for the use of a … Continue reading

Posted in 01 - January 2023, 2023 | Leave a comment

Claiming Your Social Security Benefits

NOTE: The following article is provided by Victor Boltniew, MBA, CRPC, IAR. For over 28 years, Victor has helped retirees in the Cleveland, TN area determine when they should start receiving their Social Security benefits. Victor has provided this article … Continue reading

Posted in Social Security | Leave a comment

IRS Changes Mileage Rate 

In an unusual, but expected, move, the Internal Revenue Service recently announced that they are raising the allowed reimbursement rate used for calculating business miles in private vehicles. Effective July 1, 2022, the new mileage rate will be 62.5 cents a … Continue reading

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Public Service Loan Forgiveness (PSLF) for Ministers and Church Employees

New legislation passed in July 2021 extended the Public Service Loan Forgiveness to the student loans of ministers and other employees of non-profit, faith-based entities, including churches.  Therefore, under the Public Service Loan Forgiveness (PSLF) Program, ministers and church employees are … Continue reading

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IRS Announces 2022 Standard Mileage Rate 

The Internal Revenue Service recently issued the revised standard mileage rate which is used to calculate the deductible costs of operating an automobile for business purposes during 2022.  Beginning January 1, 2022, the standard mileage rate for the use of … Continue reading

Posted in Uncategorized | Leave a comment

Board Manuals Updated for 2022 

With each New Year comes new rules, new regulations, and new contribution limits. Therefore, all of the Benefits Board’s free educational manuals have been updated to take into consideration all relevant changes for 2022. You can access the latest version … Continue reading

Posted in Uncategorized | Leave a comment

Board Grants Year-End “Bonus” to Participants

In the recent meeting of the Board of Directors of the Church of God Benefits Board, the entity charged with managing the Ministers’ Retirement Plan, action was taken to grant a special year-end interest allocation to all participants in the … Continue reading

Posted in Uncategorized | 2 Comments

Final Instructions

If you passed away today, would your family know how to access all your important accounts, files, insurance policies, and even social media accounts? The current pandemic has contributed to hundreds of thousands of deaths of people who would have … Continue reading

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