Below you the archive of the last five years of News and Updates

Upcoming Investment Changes to the PCA Retirement Plan

2017-05-16T14:22:34+00:00

Upcoming Investment Changes to the PCA Retirement Plan

The staff and board of PCA Retirement & Benefits, Inc. (RBI) regularly monitor the Money Market Fund as well as the other investment options within the PCA Retirement Plan. Occasionally this review leads us to […]

Upcoming Investment Changes to the PCA Retirement Plan 2017-05-16T14:22:34+00:00

A Milestone to the Glory of God

2017-05-16T16:16:10+00:00

PCA Retirement & Benefits, Inc. is pleased to announce that the market value of PCA Retirement Plan assets for the benefit of PCA employees has exceeded $500 million for the first time in the history of the plan.  We are thankful knowing that this increase is God’s provision for the ongoing financial needs of our […]

A Milestone to the Glory of God 2017-05-16T16:16:10+00:00

RBI Seminar Date

2017-05-16T16:10:56+00:00

Presented by PCA Retirement & Benefits, Inc. (RBI)

Seminar Date:
Wednesday, May 18, 2016

Seminar Location:
Covenant Presbyterian Church of Chicago, 2012 W. Dickens Avenue, Chicago, IL 60647

This special event will focus on helping you with financial planning. RBI will work with you to draw up a blueprint for your current financial […]

RBI Seminar Date 2017-05-16T16:10:56+00:00

Plan Limitations for 2016

2017-05-16T16:08:36+00:00

Plan Limitations for 2016

10-21-2015

The IRS updates retirement plan contribution limits for defined contribution plans such as the PCA Retirement Plan each year. As announced October 21, 2015, the limits for 2016 are as follows:

Salary Reduction Limit (elective deferral employee contribution): $18,000 (no change from 2015).
Internal Revenue Code Section 402(g)

Defined Contribution Limit (employer, plus employee): […]

Plan Limitations for 2016 2017-05-16T16:08:36+00:00

2016 PCA Group Insurance Rates and Prices

2017-05-16T16:08:09+00:00

09-16-2015

The Board of Directors of PCA Retirement & Benefits, Inc. has approved PCA Group Insurance rates and prices for 2016.  The new prices become effective with the January 1, 2016 invoices and reflect a 6% increase for all products (Life, Disability, Dental and Vision). The increases were required due to claims experience, expense requirements and […]

2016 PCA Group Insurance Rates and Prices 2017-05-16T16:08:09+00:00

Retirement Plan Website Update

2017-05-16T16:06:43+00:00

New PCA Retirement Plan Website – “Retirement Access”

PCA Retirement & Benefits, Inc. is pleased to offer our retirement plan participants a new website to access information about their retirement account.  The new website, called Retirement Access, offers all of the same services as the previous version, but it also includes more security, more flexibility and […]

Retirement Plan Website Update 2017-05-16T16:06:43+00:00

Long Term Disability post-tax premium

2017-05-16T16:05:35+00:00

Long Term Disability became uniform post-tax premium on January 1, 2015

Payments of long term disability premiums have been processed and paid as pre-tax (Employer-paid) or post-tax (Employee-Paid) as agreed upon between the church and the employee. Beginning January 1, 2015 the Enhanced LTD1 and Basic LTD2 products are offered as Post-tax premium products. Up to […]

Long Term Disability post-tax premium 2017-05-16T16:05:35+00:00

ACA Tax Transition Relief
for Small Employers

2017-05-16T16:05:03+00:00

IRS Provides ACA Excise Tax Transition Relief for Small Employer Health Reimbursements through June 2015

The Internal Revenue Service (IRS) issued a notice providing excise tax transition relief for small employers (including churches) that reimburse or pay a premium for an individual health insurance policy for an employee. The excise tax will not be assessed for […]

ACA Tax Transition Relief
for Small Employers
2017-05-16T16:05:03+00:00

Potential Tax Liability for
Life Insurance Plans

2017-05-16T16:03:18+00:00

Potential Tax Liability for Life Insurance Plans

11-04-15

Federal law requires that the cost of employer-provided group term life insurance in excess of $50,000 be reported as taxable income. This means that participants in the PCA insurance plans may have a tax liability for group term life coverage in the Basic Life, Standard Life, and / […]

Potential Tax Liability for
Life Insurance Plans
2017-05-16T16:03:18+00:00
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