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An Overview ofPension Boards Benefit PlansOffering You Peace of Mind ThroughBetter Health and Greater Financial Security
Operating at the intersection of faith and finance, we are caringprofessionals partnering with those engaged in the life of the Church toprovide valued services leading to greaterfinancial security and wellness.
An Overview of PensionBoards Benefit PlansThe Pension Boards is pleased to provide you with anOverview of the Pension Boards’ Benefit Plans, whichhighlights the many UCC benefit plan offerings and coveragetypes that may be beneficial to you.This packet includes:UCC Benefit Plans Overview: Participation in the Annuity Plan for the UnitedChurch of ChristInvestment Program and OptionsAn overview of health plan options for Non-Medicareparticipants and Medicare participantsNo-Cost Financial Planning Services through Ernst & YoungForms You May NeedAppendix: Health Coverage Plans, Benefits, and Who Can ParticipateWe hope that this comprehensive overview will assist you innavigating your needs with the services we offer.For any questions, please call our Customer CareRepresentatives at 1.800.642.6543.1
Annuity Plan for theUnited Church of ChristThe Annuity Plan provides lifetime retirement income orbeneficiary benefits to clergy and lay employees.Membership in the Annuity Plan for the United Church ofChrist is open to anyone working for a UCC employer.The Annuity Plan, a defined contribution plan, asdescribed in section 403(b)(9) of the Internal RevenueCode, is administered by the Pension Boards, and is theprimary retirement income vehicle for most planmembers.Click here to the view plan document or view theAnnuity Plan Summary.Employee Retirement Contribution AccountAs a member of the Annuity Plan, and in addition to being eligible foremployer contributions, members may also make pre-tax personalcontributions through an Employee Retirement ContributionAccount (ERCA), a tax-sheltered annuity or TSA, to the Plan. Thissavings opportunity is available to members whether or not theiremployer makes contributions on their behalf. The benefit providesmembers with additional money towards their annuities atretirement, and since personal contributions are withheld from payunder a salary reduction agreement, members also enjoy federalincome tax advantages while they are contributing.Learn more about theEmployee Retirement ContributionAccount (ERCA).If you are employed by an employerother than a UCC church, Conference,Association, or National Staff, contact at1.800.642.6543 or by email atinfo@pbucc.org for the appropriate plan.2
Investment Program & OptionsIn designing the Plan and its investment structure, the PensionBoards focused primarily on long-term considerations to assistAnnuity Plan participants in achieving an adequate level ofincome at retirement.Our investment options allow individuals to structure a savingsplan to meet their needs and objectives.1. Accumulation Funds(for actively-contributing members)2. Annuity Funds(for those at retirement who want to annuitizetheir account.)Pension Boards’ members have two annuity choices toconvert their accumulated balances at retirement—theParticipating Annuity and the Basic Annuity. Members whohad annuitized prior to April 1, 2006, and who did not chooseto convert to one of these annuities remain in the EquityBenefit Annuity and/or the Balanced Benefit Annuity.Annuity reserves are invested in the Pension Boards’ Equity,Bond or Sustainable Balanced Fund. Read “Which Lifetime Income Annuity is Best for You atRetirement – Basic or Participating?”The pension plan for accumulating plan members includesseveral investment options: a Stable Value Fund, a Bond Fund,a Sustainable Balanced Fund, an Equity Fund, six TargetAnnuitization Date (TAD) Funds, and a Global SustainabilityIndex Fund. Read about the no-hassle benefits of investing in TargetAnnuitization Date (TAD) FundsThe TAD Funds invest in the Stable Value, Bond and EquityFunds. These Funds have different return/risk characteristicsso that plan members may create an investment program tomatch their objectives and their levels of risk tolerance. Theallocation of contributions and balances between each of theFunds is determined by each member. Read "How the Pension Boards Determines LifetimeRetirement Income Changes." Read “Why Target Annuitization Date Funds Protect YourFuture.”To access the individual investment fund profiles, please clickbelow. Stable Value Fund Bond Fund Sustainable Balanced Fund Equity Fund Target Annuitization Date Funds Global Sustainability Index Fund3
UCC Benefit PlansUCC Non-Medicare Health PlanThe UCC Non-Medicare Health Plan provides participants withcomprehensive medical benefits and a choice of four plans tomeet their needs (Plans A, B, C, and HSA, a Health SavingsAccount). You are eligible to participate in the Non-MedicareHealth Plan if you are not eligible for Medicare and meet thePlan's eligibility requirements, outlined in the Non-MedicarePlan Highlights booklet.Preventive CareParticipants in the UCC Non-Medicare Health Plan can receive: General health care (physical exam, diagnostic screeningsand more) Immunizations Care for patients with risk factors 24/7 free and confidential access to registered nurses,and moreLog in to Highmark at www.highmarkbcbs.com.Healthy StewardsHealthy Stewards is the Pension Boards’ wellnessphilosophy, rooted in the biblical understanding that we arecalled to be stewards of all our resources—including ourhealth. Over the years, Healthy Stewards has grown toencompass a number of wellness resources available toparticipants in the UCC Medical Benefits Plan through theplan’s vendor partners.UCC Non-Medicare Health Plan participants and theircovered spouse/partner are eligible to earn up to 300 inrewards for participating in healthy activities!When it comes to improving your well-being, you don’t haveto do it alone! A Wellness Coach can help you meet yourhealth goals and thrive, while you earn rewards points.Wellness Program Earn rewards for engaging in healthy activities Access a variety of programs and challenges to improvephysical and mental well-being Easy access to online wellness resources Online rewards mall for wellness points earned4
UCC Benefit PlansMember Assistance Work/Life BalanceAll of us at one time or another have experienced sometype of personal crisis or life event that resulted in grief,stress, financial loss, and more. At the Pension Boards,we are fully committed to your health and personal wellbeing. We care when life throws you a curve ball.The Member Assistance Program Work/Life Program,or MAP Work/Life, offered through Health Advocate, aleading clinical health advocacy company, is a no-costbenefit that gives you confidential access to a LicensedProfessional Counselor or Work/Life Specialist. Throughin-person visits, and unlimited, confidential phoneconsultations, these specialists can walk you through anyof life’s temporary setbacks.Who is eligible?One of the unique features of this benefit is that yourextended family can use this special service. Eligible UCCNon-Medicare Health Plan participants, their spouses,dependent children, parents and parents-in-law arecovered under this program.Receive 24/7 assistance with issues such as: grief, loss, depression relationship issues job stress, burnout, work/life balance new baby, adoption, eldercare financial and legal issues addiction, eating disorders, mental iIlness, andmoreVisit members.healthadvocate.com5
UCC Benefit PlansUCC Life Insurance and Disability IncomeThe UCC Life Insurance and Disability Income (LIDI)Benefit Plan is designed to support employees.This Plan offers four key benefits: Basic Life Insurance Optional Additional and Dependent Life Insurance Short-Term Disability Long-Term DisabilityCall us toll-free at 1.800.642.6543 or emailinfo@pbucc.org for questions.Flexible Benefit Plan for UCC MinistriesWith health care costs rising faster than both salaries andinflation, wouldn’t it be great to find a way to reduce yourout-of-pocket costs? And wouldn’t it be great if you couldpay for child-care expenses on a pre-tax basis? You can doboth by participating in the Flexible Benefit Plan for UCCMinistries (generically referred to as a Flexible SpendingAccount or FSA).Before you can take advantage of the FSA, your employermust be enrolled to participate in the Plan.Click here for more information on how your employercan set up an FSA Plan. If your employer is alreadyparticipating and you’re a new employee who wants toparticipate, please contact your employer for informationand forms.For more information on the FSA Plan, contact thePension Boards at 1.800.642.6543.6
UCC Benefit PlansUCC Medicare Advantage Plan with RxThe Pension Boards is committed to offering you themost comprehensive and cost-effective health benefitscoverage. The UCC Medical Plan has partnered withHumana to offer you and your Medicare-eligibledependents a plan that covers both medical andprescription drug costs, and with access to a preferredprovider organization (PPO) network of health careproviders. Information about this plan can be found inthe UCC Medicare Advantage Plan Highlights booklethere.Members not currently enrolled in the plan shouldcomplete the UCC Medicare Advantage Plan EnrollmentForm and return it to PBUCC with a copy of theirMedicare card via email to info@pbucc.org or by faxto 212-729-2701. Applications must be received duringthe open enrollment period.Please visit the Rate Locator Page for information on therates for the UCC Medicare Advantage Plan w/Rx.Click here to Register for MyHumana.Click here to view the Humana Benefit Kitfor coverage and benefits details.7
UCC Benefit PlansUCC Dental PlanThe UCC Dental Plan partners with United ConcordiaCompanies, Inc. (UCCI) to offer participants an optional,stand-alone Dental Plan, with an increased planallowance of 2,400 per person, that does not requireenrollment in the UCC Medical Plan.As a UCC Dental Plan participant, you have access toUnited Concordia’s Advantage Plus network—one of thelargest networks in the country. With 64,000 networkdentists at more than 83,500 locations, a network dentistis only a phone call or mouse click away, whether you arehome or on the road.Visit www.ucci.com for more information.Vision PlanThe Vision Plan is administered by VSP. The Vision Planis a stand-alone benefit with a separate application andpremium, and a Plan Year that runs from April 1 throughMarch 31. You will not receive identification cards fromVSP; your vision care provider will verify your eligibilityand benefits when you schedule your appointment. If youhave questions regarding your vision benefits or to locatea provider, contact VSP at 1.800.877.7195.8
UCC Benefit PlansUCC Long-Term CareThe Pension Boards-UCC knows that one of thegreatest financial and emotional risks you face is thepossibility of needing long-term care. The risks andassociated costs are simply too great to ignore.We are pleased to announce the availability of longterm care insurance to active and retired UCCemployees and their family members. We haveselected ACSIA Partners (formerly known as LTCFinancial Partners), the nation’s leading provider of thisimportant coverage, to provide education on the needfor long-term care and available coverage options.MetLife Pet InsuranceWith MetLife Pet Insurance, you can help take theworry out of covering the cost of unexpected petcare. You may be able to cover up to 90% onveterinary expenses at any licensed veterinarian,specialist, or emergency clinic in the U.S.To get a quote and enroll, visitmetlife.com/mybenefits or call 1.800.GET.MET8.9
No-Cost Financial Planning Services through Ernst & Young (EY)When you participate in the Pension Boards’ Annuity Plan orsimply make pre-tax contributions to the EmployeeRetirement Contribution Account ( a tax-sheltered annuity),the Pension Boards offers unlimited access to financialplanning services through Ernst & Young (EY)) at no cost toyou! These services include EY Navigate and the EYNavigate Financial Planner Line.EY Navigate EY Navigate is a financial wellness website service thathelps you navigate your financial journey with informationand tools for every stage of your life and career. You canevaluate your financial position, reach your retirementplanning goals, or learn how to manage other financialconcerns such as managing debt, budgeting, orunderstanding complex tax issues.To register on the EY Navigate website, visitpbucc.eynavigate.com; click Get Started; enter your 7-digitMember ID (without the hyphen); and follow the prompts. Ifyou do not have a Pension Boards Member ID, pleasecontact EY directly for assistance.EY Navigate Financial Planner LineThrough the EY Navigate Financial Planner Line, memberscan speak directly and confidentially with an EY financialplanner, also at no cost to you. Financial planners are trainedin topics of importance to Pension Boards members,including PBUCC-administered plans and programs. Thefinancial planners deliver independent, objective, andconfidential financial education and counseling.Power-Up Your Finances, is a live personal financewebinar series brought to you by the PensionBoards and EY, which is offered each month on aWednesday at 3:00 p.m. ET.See the 2022 webinar calendar here.10
Forms You May Need Annuity Plan Membership and Other Benefits FormFor Annuity Plan or other Pension Boards’ benefits enrollmentincluding Medical, Dental, Employee Retirement ContributionAccount (a tax-sheltered annuity), Flexible Spending Account(FSA), Life Insurance & Disability Income, and UCC MedicareAdvantage Plan. Beneficiary DesignationTo designate or change primary and secondary beneficiaries Dental Benefits Enrollment Application (this is a stand-alone formfor annual enrollment purposes only, and for those employees who arenot enrolled in any other plan)For employees and retirees who do not currently have dentalcoverage, or who have coverage in a plan other than the UCC’s Request for Direct Rollover FundsFor employees who wish to roll over funds from other existingretirement accounts into the Annuity Plan Rollover Contribution Account (RCA)For employees who have not annuitized their account and wantto establish an Annuity Plan Rollover Contribution Account Vision Benefit Plan Application (use for annual enrollment only)For employees and their dependents who do not have visioncoverage11
Appendix:Health Coverage Plans, Benefits, Costs, andWho Can Participate
Annuity Plan for the United Church of ChristCoverage TypeUnder the PlanWho ParticipatesBenefitsCostEmployer ContributionsEmployed UCCministers/lay employeesFully Vested Accumulation Account;80% of employer contributions must beconverted to annuity payable formember’s lifetime (and lifetime of jointannuitant, if any)Recommended: 14% of “Salary Basis” (cash salaryplus parsonage or housingallowance) payable byemployer; minimum of 3% for lay employeesRetirement SavingsAccount (RSA)Ministers/lay retireeswho transfer orcontributeFully Vested Accumulation Account;retirees can withdraw funds as needed(minimum 500), or convert to anannuityFunded at retirement by account balance notconverted to annuity, or bycontributions fromworking after retirementRollover ContributionAccount (RCA)Active/Inactive UCCministers and layemployees throughrollover from IRA orother retirement plansFully Vested Accumulation Account;active/inactive can withdraw funds asneeded (minimum 500), or convert toan annuityFunded by the account balance, or at any time byfunds transferred from IRA orother retirementplansEmployee RetirementContribution Account(ERCA), a tax-shelteredannuity or TSAActively-employed UCCministers/lay employeeswho elect salarydeferralsFully Vested Accumulation Account;100% can be left in RSA, rolled over,taken as lump sum, orconverted to anannuityEmployee-elected amount deferred from cashsalary on pre-tax basis (minimum of 25 permonth, maximum set by IRS each year)Annuity PaymentsRetired UCCministers/lay employeesBasic Annuity funds are invested in corporate/governmental bonds, treasury bills/similarinvestments with fixed rates of returnParticipating Annuity funds are invested in portfolio comprised of stocks and bonds,including domestic/international stocks, corporate/governmental bonds, treasury bills/similarinvestments with fixed rates of return, and real assets
UCC Medicare Advantage PlanCoverage TypeUnder the PlanHealth InsuranceWho ParticipatesUCC ministers,lay employees, and theireligible dependents arecovered by MedicareParts A/BBenefitsComprehensive Medicare AdvantagePlan includes medical andpharmacy benefits administered byHumanaCostOne nationwide premium, regardless of age,geographical location.UCC (Non-Medicare) Health Benefits PlanCoverage TypeUnder the PlanHealth InsuranceWho ParticipatesUCC ministers/layemployees/ their eligibledependents not coveredby Medicare Parts A/BBenefitsComprehensive medicalbenefits, includingmental health/substance abuseservices. through PreferredProvider Organization (PPO) withHighmark Blue Cross Blue Shield; Rxdrug benefits through Express ScriptsCostPremiums vary by geographic location, thenumber of people covered, and by age forparticipants under 41; standard premiumapplies to age 41
Health Advocate - Member Assistance ProgramCoverage TypeUnder the PlanWho ParticipatesBenefitsHealth BenefitUCC Non-MedicareHealth Plan participantsand their eligibledependentsConfidential support for work and lifeincluding counseling services, legalservices, financial services and onlineresources; resources, referral andsupport services for personalsuccess: work/life balance, fulfillingrelationships, achieving personal goals,healthy living, financialstability, resilience, managing life eventsand recoveryCostFree to UCC Non-Medicare Health Planparticipants and their eligible dependentsUCC Vision Benefits PlanCoverage TypeUnder the PlanWho ParticipatesBenefitsVision InsuranceActive and retiredministers, lay employees,and their eligibledependentsExam/prescription lenses covered in fullevery 12 months; frames every24 months; contact lens care (in lieuof lenses/frames) every12 months through VSP PPOCostPremiums vary by number of people covered
UCC Dental PlanCoverage TypeUnder the PlanWho ParticipatesBenefitsDental InsuranceActive and retiredministers, lay employees,and their eligibledependentsTwo annual no cost preventive examsand cleanings. Diagnostic andtherapeutic, restorative, prostheticservices and supplies covered. Lifetimeallowance for orthodontic treatment.CostPremiums vary by number of people coveredFlexible Benefit Plan for UCC Ministries(also known as Flexible Spending Account or FSA)Coverage TypeUnder the PlanHealth/DependentCare BenefitWho ParticipatesActively-employedUCC ministers/layemployeesBenefitsAllows for reimbursement on itemssuch as: Plan deductibles Plan copayments Well-baby care Organized weight loss programs thatare medically prescribed Vision care, including LASIK Hearing aids and related expenses Contact lenses Acupuncture Certain over-the-countermedications that are obtainedCostEmployee- elected amount deferred from salaryon a pre-tax basis
UCC Life Insurance and Disability Income (LIDI) Benefit PlanCoverage TypeUnder the PlanLife InsuranceLife InsuranceShort Term Disability(STD)Long Term Disability(LTD)Who ParticipatesBenefitsRetired UCC ministers,lay employees (excluding employeesof CUC CovenantedMinistries, UCFand PBUCC) 10,000 death benefit after 5 consecutive yearsof Plan participation before retirement; 4%-16%of salary if less than 5 years participation, but notmore than 2,000Actively-employed UCCministers, lay employees(excluding employees ofUCC CovenantedMinistries, UCF andPBUCC)Percentage of Salary Basis based on age, rangingfrom 200% of Salary Basis for ages under 45, to50% of Salary Basis for age 65 and over; deathbenefit doubled in event of accidental deathActively-employedUCC ministers, layemployees (excludingemployees of UCCCovenanted Ministries,UCF and PBUCC)After 30-day waiting period (no waiting periodfor pregnancy), 60% of Salary Basis; Maximumduration of STD is 22 weeks; benefit variesAfter 22 weeks of STD, 60% of Salary Basis minusother benefit income; benefit varies Plan payshealth premiums* and 7% contribution to AnnuityPlan; benefits continue until the earlier of age 65or cessation of disability (no benefits payableafter 24 months for behavioral/mental health)*Note: This happens only if member wasparticipating in Health/Dental prior to STD/LTD.CostAnnual premium of 50 between age 55and 65; 0 after 65Annual premium of 1.5% of Salary Basis
Optional Life Insurance for Members and DependentsCoverage TypeUnder the PlanWho ParticipatesBenefitsOptional Life Insurancefor MemberActively-employedUCC ministers, layemployees whoare enrolled in the LIDIPlan (excluding employeesof UCC CovenantedMinistries, UCFand PBUCC)Additional coverage in 10,000 increments, up toa maximum of 100,000 or 3-times salary basis,whichever is lessPremium varies by age and coverageamount; participant is billed quarterlyOptional Life Insurancefor DependentsActively-employedUCC ministers, layemployees whoare enrolled in the LIDIPlan (excluding employeesof UCC CovenantedMinistries, UCFand PBUCC)Option 1: 10,000 coverage for spouse/partner; 5,000 for dependent childrenPremium varies by spouse’s/partner’s ageand coverage amount; participant is billedquarterlyOption 2: 25,000 coverage for spouse/partner; 10,000 for dependent childrenCost
1.800.642.6543www.pbucc.org
UCC Life Insurance and Disability Income (LIDI) Benefit Plan Coverage Type Under the Plan Who Participates Benefits Cost Life Insurance Retired UCC ministers, lay employees (excluding employees of CUC Covenanted Ministries, UCF and PBUCC) 10,000 death benefit after 5 consecutive years of Plan participation before retirement; 4%-16%
