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 nearly 5,000 current and former employees of congregations and denominational organizations. At the end of 2020, Brethren Pension Plan was managing nearly $254 million for active participants in the Plan and nearly $172 million in its Retirement Benefits Fund, from which lifetime benefits are paid to annuitants. (Current interest rate paid on lifetime annuity is 4.5%.)
Every month, over 1,700 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.
© Copyright 2021 Church of The Brethren Benefit Trust, all rights reserved