Disciples News Service

Pension Board determines base interest rates for 2011

Pension FundAt its recent meeting in Indianapolis, the Board of Directors of the Pension Fund of the Christian Church (Disciples of Christ) determined base interest rates for investor accounts effective Jan. 1, 2011. The Board of Directors set the base rate to be paid on tax deferred and benefit accumulation accounts at 3.5 percent and 3 percent, respectively.

The base rates will be effective through June 2011 for tax deferred accounts, and through March 2011 for benefit accumulation accounts. The board policy uses a formula which blends current and historical rates as a basis for its rate determination. The Pension Board also elected a new board member and officers, and honored Adelle Lemon and her late husband, Robert, with the designation of "Innkeeper." For more, see: www.disciples.org/Portals/0/PDF/DNS/2010/20101208-PFBoardNovember2010.pdf