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The Board of Pensions recently enacted changes to basic level insurance coverages for eligible U.S. ministers and other church employees whose congregations contribute to the P&B Fund.

Pensions and Benefits USA Director Donald Walter passed away 26 March following sudden heart arrhythmia. He was 66 years old. “Don Walter exemplified the Nazarene spirit of generosity, compassion, and genuine care for those who selflessly serve the Lord and His church,” said Gustavo Crocker, chair

Thousands of ministers and churches across America won a major victory 15 March when the U.S. Seventh Circuit Court of Appeals upheld the constitutionality of the longstanding clergy housing allowance under section 107(2) of the Internal Revenue Code. In a 3-0 decision, the Seventh Circuit Court

Fidelity Investments will no longer accept paper checks for contributions to the Nazarene 403(b) Retirement Savings Plan accounts of ministers and church laypersons as of 1 January 2019. “We have been sharing this information with constituents since we received notice from Fidelity,” said Don Walter

Don Walter, director of Pensions and Benefits USA , announced U.S. districts and churches contributed $13.6 million to the P&B Fund in 2017. Walter presented the information in a report to the Church of the Nazarene's Board of Pensions and USA National Board in February. “While this is about a

The Evangelical Council for Financial Accountability created a free online resource for pastors and church administrators. ChurchExcel features information in a variety of media designed to provide practical tools and information on financial management, tax compliance, stewardship, and governance.

Pensions and Benefits USA has launched a streamlined procedure for contributing to the Nazarene 403(b) Retirement Savings Plan. The online portal, 403(b) Contributions, allows ministers and church-employed laypersons to work more closely with church treasurers to maintain and properly fund

A U.S. Department of Labor overtime rule that caused concern for many churches, nonprofits, and commercial businesses last year has been struck down. On August 31, a federal judge in Texas threw out the regulation that would have extended mandatory overtime pay to millions of workers. The rule would

Pensions and Benefits USA is joining with its partner, Fidelity Investments, to encourage ministers and church boards to set aside more money for retirement through the Nazarene 403(b) Retirement Savings Account Plan during America Saves Week, February 27 through March 3. Nearly 1,700 organizations

U.S. ministers may be able to take a tax credit of up to $1,000 for contributions to their Nazarene 403(b) Retirement Savings Plan accounts in 2016. The Retirement Savings Contribution Credit (Saver’s Credit) was created by the Pension Protection Act of 2006 and continues to remain in effect. A