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United Methodist Pension Plan Sustainability Forum Highlights

by Priya Shah – Business Editor

Global United Methodist ⁢Forum Addresses Pension‌ Challenges for Pastors‍ Outside the US

MANILA, Philippines – ⁤United Methodist ‌leaders and pension administrators convened in Manila recently to address the​ growing challenges of sustaining pension systems for clergy serving ‍outside the United States. The Central Conference Pension Forum brought​ together participants – both active and retired – from across the globe to focus on strengthening governance, securing ⁢funding, and improving access to vital pension data.

A key concern raised ‌throughout the forum ‍was the ⁤difficulty in ​consistently⁣ collecting required contributions from ⁣pastors and local churches.Wespath Benefits and Investments acknowledged that even full‌ contributions may be insufficient to cover the benefits‌ being ​accrued by pastors in some plans.

“Even if contributions are received in full, the​ rates set in some plans are inadequate⁣ to fund the benefits pastors are accruing,” ⁢explained a Wespath representative.

Participants lauded ​Wespath’s efforts to ‌present complex pension information in ⁤an understandable manner, particularly⁢ for those new to the system. ‌Thomas Kemper, a Central Conference Pensions​ consultant, praised the institution’s “very clear and forward-looking direction,” adding that “Learning from ‍each other across continents and cultures strengthens the connection and helps⁢ build more resilient and just pension​ systems.”

The forum highlighted‌ three ‍core areas⁣ for⁤ improvement: internal governance, reliable contributions, ⁤and pension information accessibility. despite the meaningful hurdles, attendees expressed optimism‌ and a ‌renewed commitment to supporting‌ both current and​ future retirees.

“I leave the Central Conference Pension Forum in Manila with hope for ⁢the⁣ future,” ⁣said the Rev. Kavanaugh. “This is a ‌faith-filled,​ committed community‍ of servants. We have ⁣an⁤ obligation to retirees and to those who donated generously ⁤to ​seed this program.”

Participants ‍were encouraged to review the latest Central Conference Pensions report, available in English, ⁤ French, and⁢ Portuguese.

The forum underscored ‍the ‌importance of informed and responsible leadership in⁤ ensuring the long-term viability of pension systems for United Methodist clergy worldwide. As Nigeria’s​ Kuhturu stated,⁢ “May we continue to⁢ serve with passion as we look forward with hope in expanding the kingdom of God through this​ ministry of care ⁣to those who serve.”

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