The Special Committee on Net Assets Reallocation (SCONAR) has shared an update to the Retirement Fund. In 2021, the ARP Retirement Plan moved to a defined contribution plan. This change gives individual ministers the ability to invest their monies in different options. However, there are still retired ministers and their spouses who are drawing a benefit from the old plan. The Synod needs to fund the old plan to provide for these retired pastors. The Moderator of Synod created the SCONAR and tasked them to raise the money to fully fund this retirement plan.
As of this month, the attached chart shows the progress. The Lord has provided so much of what is needed. If you would like to make a gift, please send it to the address below with a notation of “Retirement Plan.” You may also give online.
If you have questions please contact the chairman of the SCONAR Harry Jeffcoat, hjeffsc@aol.com.
ARP Center/Retirement
918 S. Pleasantburg Dr., Ste. 124
Greenville, SC 29607
https://abundant.co/generalsynodarpchurc/retire
