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By letter to our member churches dated November l, 1993, announcement was made of the creation of the
Congregational Investment Fund. This letter was signed by Hal Frentz as Chairman of the then "Financial Stewardship Committee."
The Fund was designed to meet the concern of many of our churches for many years about the growing
complexity and responsibility of overseeing their financial resources.
This Congregational Investment Fund has now become the Congregational Investment Trust, with the
Associated Trust Company of Milwaukee acting as Trustee, and furnishing the expertise through
professional investment managers, to achieve what is known as "Total Return" investing. That concept involves
two objectives: l) providing a reasonable level of current income and 2) maintaining a base to preserve
the purchasing power of the funds invested. These two objectives are met by investing in a combination of fixed income and
equity securities.
How the Associated Trust Company does this is best illustrated by the pie chart that accompanies the reports of the
trust company as to the present status of the funds in its care. A copy of the most recent chart is available on request to the
.Financial Services Committee.
EMPLOYER PROTECTION PROGRAM
Too often, scenes like these darken a
lifetime of service:
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An aging pastor financially
unable to retire
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A widowed spouse and children evicted from their parsonage
after an employee dies without life insurance
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A disabled employee's
organization forced to choose between suspending valuable work or firing the
employee to hire a replacement
The NACCC offers a benefit
program that prevents tragedies like these for employers, employees and families
alike. When your organization sponsors the Retirement/Death Benefit Plans
you have:
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The security of disability
income protection during your employees' working years,
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The peace of mind that
pre-retirement death benefit protection provides; and
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The knowledge that you are building professionally managed
assets to help your employees retire with dignity
If disability should occur, disability
benefits include child allowances until eligible children reach age 21 as well
as income for the disabled employee. Survivor benefits include life insurance,
a monthly income to the surviving spouse (with a guaranteed minimum) and
child allowances.
Premierhealth medical and dental
insurance is also available for eligible employees and family members.
These benefits are available through
partnership between the NACCC and The Ministers and Missionaries
Benefit Board (MMBB). MMBB has been serving those who serve since 1911.
Too often, church workers who are
able to retire watch the buying power of their incomes shrink over the years. Too
often, survivors find that any benefits just don't last. This not only creates
hardships for them, but can become a source of guilt and shame to the
communities they have served.
In contrast, benefits from the
Retirement/Death Benefit Plans are designed to
help keep pace with or exceed inflation. Retirement benefits are adjusted each
year for investment experience. Disability and survivor benefits are adjusted with
increases in average pastor compensation.
For more information about these
valuable employer protections for your church or organization, please call
toll free at 800-986-6222 and ask for Rev. Margaret (Maggie) Lewis.
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