Property and Finance Committee

Stewardship, Property & Finance (SPF) Committee - Report on the 2012 Presbytery Budget and 2012 Per Capita Allocation

• 2012 Presbytery Budget
• Q&A
• Annotated Budget

BUDGET PLANNING ALERT FOR LOCAL CHURCHES

Board of Pension (BOP) Increases Coming in January  2012 & January 2013

 Direct access to the article from which this information is drawn is available at:

Board of Pensions increase info

 ·  The cost of Medical Plan coverage will increase. The BOP board of directors approved a combination of employer dues and member out-out-pocket cost increases for 2012 and 2013. The increases will be phased in over two years to give churches, employing organizations and plan members adequate advance notice for budgeting purposes. In 2012, the dues percentage for active coverage under the Medical Plan’s Traditional Program increases from 19.5% to 20.25% of effective salary. In 2013, it increases to 21.0% of effective salary. This increases total individual pastor pension costs from 31.5% to 32.25% in Jan. 2012 and from 32.25% to 33% in Jan. 2013

 ·  Annual open enrollment for optional programs is scheduled.  The Board will hold an annual open enrollment from October 1 to November 18, 2011 for Optional Dental Program coverage and Supplemental Death Benefits Program coverage."  Details can be found online at: Details