Greetings Pastors, Church Treasurers, Finance Teams, SPRC, and Others - –
The mission of the Conference Board of Pensions has always been clear: to serve those who serve in the Kentucky Conference. To that end, we are excited to share news about upcoming events, Conference health insurance for active participants, and more:
The Kentucky Conference Board of Pensions will be hosting a Retirement Readiness Seminar on Tuesday, August 6 from9a - 4p (check-in opens at 8:30am) at Christ Church United Methodist (Heartland). This seminar is open to all clergy and their spouses. Clergy who are eligible for early or full retirement in 2020 (age 62 or 30 years of service) as well as those who are within 5 years of retirement are strongly encouraged to attend. Spouses are encouraged to attend as well. Lunch will be provided.
Topics covered include:
- Pension & retirement plans presented by a Wespath Benefits Educator
- Social Security Benefits
- Estate Planning Basics
- Dissolving Debt
Register by July 25 – Wespath will bring your personalized pension projection.
Deadline to register for this event is August 3.
Registration for this event is $10/person or $15/couple.
Wespath HealthFlex Exchange
As part of the Board of Pension Annual Conference report, the team was excited to share about the 2020 move to Wespath HealthFlex Exchange for active health plan participants. For more information about the HealthFlex Exchange see here:
Annual Election and AE Workshops: Annual Election will be October 30 - November 14, 2019. It is during this time when participants will select the plans in which they will be enrolled for 2020. We hope you will join Wespath Representatives, Board of Pensions representatives, District Superintendents, and Administrative Services team members at one of the following Annual Election Workshops:
- Tuesday, October 1, 9:30 - 11:30 am*: Settle Memorial UMC (Owensboro)
- Tuesday, October 1, 2:30 - 4:30 pm: Broadway UMC (Bowling Green)
- Wednesday, October 2, 9:30 - 11:30 am: Conference Office (Crestwood)
- Thursday, October 3, 9:30 - 11:30 am: Georgetown First UMC
- Thursday, October 3, 2:30 - 4:30 pm: Richmond First UMC
In addition to providing workshops for participants, the Board will also host workshops for local church leaders (SPRC, Treasurers, Finance teams, etc.) to provide information and answers questions to ensure an as seamless as possible transition. Local Church Leadership Workshops are scheduled for:
- Thursday, October 10, 7p – 8:30p*: Centenary UMC (Lexington)
- Sunday, October 13, 4 – 5:30p: Memorial UMC (Elizabethtown)
*All times local
New Appointment Year Notes
2019 Annual Conference Follow-Up: Did you miss any news and notes from 2019 Annual Conference. Click here for Administrative Updates from 2019 AC.
Update UMPIP: Are you contributing to to your UMPIP account? The new appointment year is always an ideal time to start, or adjust, your UMPIP contributions. To do so, you will need to complete a Contribution Election form if you choose to contribute to UMPIP. If you have previously contributed, you must fill out a new form in order for it to continue at your new appointment. This form needs to be signed by both you and your church and returned to Wespath at the address or email on the form. A reminder that the CRSP Defined Contribution Plan requires a minimum of 1% of compensation contribution into your UMPIP in order to receive an additional 1% match from your church. Also,
Payroll Withholding Worksheet: If you're at a new appointment with new payroll withholdings and/or benefit elections, feel free to use this form to communicate to your new treasurer your enrollment elections for pension and medical: Payroll Withholding Worksheet
IngenioRx Pharmacy: As of July 1, 2019, your Anthem pharmacy benefits will be powered by IngenioRx, Anthem's new pharmacy benefit manager. Participants should have received this following letter in the mail: IngenioRx Letter. One of the most important steps you can take to make sure you are ready for the transition is to make sure any pharmacy you use has your most recent Anthem ID card information on file.This will help to ensure that they have the information they need to quickly and accurately process your prescriptions.
Wespath Dimensions Newsletter: Laughter for better health, tips for stress management, tax savings through health accounts and taking a stretch break with the UMC…tips for living a better life and maximizing Wespath benefits is the focus of this quarter's Dimensions newsletter. This issue's print-and-share bulletins are Laughter: The Best Medicine and Tips to Manage Stress. Here's the link: wespath.org/benefits/newsletter/.
Be on the lookout for emails, mailings, and updates to the Conference Benefits website with Benefits information and tidbits in the coming months. Also, don’t hesitate to reach out to one of the persons below with questions.
- Rev. David Garvin, Conference Treasurer, Benefits Officer (firstname.lastname@example.org)
- Lesley Williams, Benefits Administrator (email@example.com)