Churches assess impact of financial crisis: Pension funds said to be secure
During what some call the start of a recession, mainline church officials are assuring pastors and retirees that their pension funds are secure. But the officials are concerned about how the economic woes will affect their operating budgets and ministries.
To United Methodists making inquiries about their pension benefits, Barbara A. Boigegrain, general secretary of the UMC’s General Board of Pension and Health Benefits, wrote a mid-October letter of assurance.