How can I be assured that the assets supporting my retirement plans administered by the General Board are secure?
The General Board of Pension and Health Benefits is a not-for-profit administrative agency of The United Methodist Church, responsible for the general supervision and administration of the retirement, health and welfare benefit plans, programs and funds for more than 74,000 active and retired clergy and lay employees of the Church. All of the assets invested in the funds are owned by the clergy and lay. The General Board serves only as the trustee of the investment programs. The General Board is a fiduciary and is therefore required to meet stringent standards for administering, monitoring and reporting on participant balances. In addition, the General Board is responsible for the daily monitoring and oversight of both the custodian Bank and the investment managers. Daily reporting is available to us through the Bank’s online reporting system.
