The CGGC Pension plan is open to all pastors and employees of the Churches of God, General Conference and all of its affiliated churches and organizations. The purpose of the Board of Pensions is to serve those who serve the Church. Started in 1971, the Board of Pensions provides pensions and life insurance benefits across the denomination. With the plan, both pastors and congregations know that if pastors move to different churches, the pastor's retirement years will still be financially secure. Because the plan is voluntary, it is important for participants to be proactive. Tell your congregation that you want to be part of the CGGC Pension Plan. The sooner you join the better your benefits will be! Contact Darlene Mattox now via e-mail or call 419-424-1961.
Who pays into the fund? (Employer/employee ratio) back to top Contributions to the plan may be made by the employer or the employee. Employee contributions can be either pre-tax or after tax. Can I direct my own Investments? back to top Yes, however you must first submit, and have approved, a Investment Risk Assessment/Evaluation Form. For members that direct their own accounts, changes to the account can be made through the Merrill Lynch web site or by calling 1-800-881-8520. Can I track my account online? back to top Yes. Go to the Merrill Lynch web site and enter your User ID and password. What Fund Accounts are involved? back to top The plan has two major funds. The Reserve Fund is used to invest the assets used to make annuity payments to retirees. Prior to the start of an annuity a member’s account is invested in the Active Fund. Who manages my investment? back to top Each member can choose to manage their own account or have the Board of Pensions manage the account for them. Active Fund investing is done through Merrill Lynch. For members that choose to direct their own account, Merrill Lynch is available for investment advice at 1-800-433-2885. The recordkeeping function is done by Merrill Lynch. Merrill Lynch sends quarterly statements. Information is also available online. What forms do I need to get started? back to top Print and fill out the Enrollment Information Schedule, and a Beneficiary Form and an Investment Risk Assessment Form (whether you plan to self direct your investment or not) Send them to the address listed under the following FAQ. Where do I mail my contribution? back to top Contributions should be sent to: All contributions should be accompanied by a Contribution Remittance Form. Who do I contact for support?back to top For answers to any other questions, please contact Darlene
Mattox via e-mail or call
419-424-1961.
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PILLAR
OF A SOUND RETIREMENT PORTFOLIO 