The Annual Review and the Audited Financial Statement look back at the work of the Board of Pensions in the previous year.
In 2022 our mission to serve the Presbyterian Church (U.S.A.) advanced as we met or exceeded our goals in what was an extraordinary year.
We introduced care navigation, providing members of the Church’s Benefits Plan with guidance through an increasingly complex healthcare system. Our relationships with PC(USA)-affiliated employers, who drive plan growth, deepened, while our church employers continued to extend plan benefits to more of their employees. Meanwhile, access to the Assistance Program expanded for ministers, employees, and retirees as a result of the most extensive eligibility changes to the program in a generation.
As a national agency of the Church, we share in the PC(USA)’s commitment to removing the effects of structural racism, and our work around diversity, equity, and inclusion is ongoing. In 2022, through recruiting efforts and promotions, our staff, including leadership, grew more diverse. This work moved us closer to the goal of an inclusive, welcoming work community.
Amid market volatility, the Balanced Investment Portfolio consistently outperformed a blended relative benchmark of index funds — meaning we performed better than expected in a year of great challenge.
Overall, 2022 was about serving more, serving better, and serving the Church.