Church of the Brethren Pension Plan has been providing a dependable, well-managed service of retirement benefits since it was established in 1943. It is available to ministers and lay employees of the Church of the Brethren and its agencies.
Brethren Pension Plan serves more than 4,670 current and former employees of congregations and denominational organizations. At the end of 2015, Brethren Pension Plan was managing more than $200 million for active participants in the Plan and nearly $135 million in its Retirement Benefits Fund, from which lifetime benefits are paid to annuitants.
Every month, over 1,600 annuitants receive a monthly benefit in the form of a check or direct deposit. Organized as a defined contribution plan, the amount of money accumulated over a participant’s active involvement with the Plan is determined by two sources — contributions to the participant’s account (both employer and employee) and investment earnings on those contributions.
The Pension Plan’s investment funds have a history of strong performance, and in some cases they outperform their benchmark indexes. The 10 new funds launched in July 2015 offer opportunities for greater diversification and the potential for improved portfolio performance with thoughtful allocation.