The Board of Directors of the Pension Fund of the Christian Church approved a 2.5 percent Special Apportionment at its Feb. 24-25 meeting. It is the first Special Apportionment since 2008, and benefits persons receiving retirement, surviving spouse or disability pensions, who will receive disbursements reflecting the increase beginning July 1. Active members who are accumulating pension credits will have their credits as of Dec. 31, 2010, increased by the 2.5 Special Apportionment on July 1.
Special Apportionments have averaged 3.1 percent per year over the last 10 years. In addition, the board approved Good Experience Credits of 1.8 percent for tax deferred and individual retirement arrangement accounts, and 1.7 percent for benefit accumulation accounts, based on average account balances in 2010 For more, visit: www.pensionfund.org