Category Archives: Uncategorized

Stimulus Bill Changes Retirement Plans for 2020

Posted on March 30, 2020 by benefitsboard

The stimulus bill, signed by President Trump on March 27, 2020, formally known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), provided some specific changes to retirement plans, including the Ministers’ Retirement Plan administered by the Church … Continue reading →

Posted in 03 - March 2020, 2020, Uncategorized | Leave a comment

Benefits Board Operations Continue Uninterrupted

Posted on March 16, 2020 by benefitsboard

As the coronavirus situation evolves worldwide, the Church of God Benefits Board, Inc./Ministers’ Retirement Plan is working hard to make sure that our operations continue normally, and that we are always here to serve our participants. As of today, the … Continue reading →

Posted in 03 - March 2020, 2020, Uncategorized | Leave a comment

Comments on the Upheaval in the Financial Markets due to the Coronavirus

Posted on March 2, 2020 by benefitsboard

“The downturn in the financial markets over the past few days have been a stark reminder to all of us that while stocks move upward, they also can move down.  After more than a decade of increases, the substantial downturn, … Continue reading →

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Online Filing of Forms W-2 and W-3

Posted on January 23, 2020 by benefitsboard

Churches and other church-related employers, along with other businesses, may file Forms W-2 and W-3 electronically by visiting the Social Security Administrations’ website at www.socialsecurity.gov/employer/. On the website, you will need to select “Business Services Online (BSO)” and register as a … Continue reading →

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IRS Announces 2020 Standard Mileage Rate

Posted on January 6, 2020 by benefitsboard

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 2020. Beginning January 1, 2020, the standard mileage rate for the use of … Continue reading →

Posted in 01 - January 2020, 2020, Uncategorized | Leave a comment

Impact of Tax Reform Bill on Ministers and Churches

Posted on January 16, 2018 by benefitsboard

Congress ended 2017 by passing the largest tax bill in over 31 years. While many call this tax reform, in reality it was just tax legislation. On the positive side, the Benefits Board, with assistance from some of our Administrative … Continue reading →

Posted in 01 - January 2018, Internal Revenue Service, Tax Information, Uncategorized | Leave a comment

Board Manuals Updated for 2018

Posted on January 4, 2018 by benefitsboard

With each New Year comes new rules and 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 2018. From the Board’s web site, you can access … Continue reading →

Posted in 01 - January 2018, 2018, Uncategorized | Leave a comment

Holiday Hours

Posted on December 16, 2016 by benefitsboard

MERRY CHRISTMAS FROM THE BENEFITS BOARD!!  Now that we are approaching the end of the month, the staff at the Benefits Board is making plans for Christmas and the end of the year. With minor exceptions, the Benefits Board will … Continue reading →

Posted in 12 - December 2016, Uncategorized | Leave a comment

In the Know LIVE Webinar

Posted on July 18, 2016 by benefitsboard

In the Know LIVE Webinar Thursday, August 4 2:00 – 2:30 PM EST Topic: Retirement Planning Everyone would like to retire comfortably, but sometimes the complexity and time required to build a successful retirement plan can make the whole process … Continue reading →

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General Assembly Week

Posted on July 15, 2016 by benefitsboard

The corporate offices of the Benefits Board and the Church Loan Fund in Cleveland will be open next week during General Assembly. While members of our staff will be available to talk with those attending the General Assembly in Nashville, … Continue reading →

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