The Regional Conference Retirement Plan
will begin its tenth year in 2010. Our first ten years have taken us through some turbulent economic waters. The recent near collapse of the world economic system presented us with additional pause for prayer. However, through it all the Lord has sustained the fund.
As with everyone in the market in 2007-08-09 we took our share of hits. But here we stand in the final quarter of 2009 and by the grace of God the ship still floats, the cause endures and the beneficiaries of the Plan are happy.
Those who know our brief history know that our existence as a retirement plan was an act of God. Praise God He is still acting.
Features @-a-Glance
Opened for Business: January 1, 2000
Sponsors: The Nine Regional Conferences of the North American Division
Current number of covered lives: 1700
Retirees as of October 1, 2009: 257
Funding Source: 10.25% of Tithes from the Sponsoring Regional Conferences
Percentage of Projected Liability for Future Benefits n the Fund: 46%
Eligibility for Benefits:
*Number of Years for Vesting – 5
*Percentage Salary Calculated of Benefits: – 67.5% of the average of the highest 3 years in a career
*Number of Years of Service Credit for Full Benefits – 30
