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NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/CPF?src=hash” target=”_blank”gt;#CPFlt;/agt;–The
Church Pension Group
(CPG), a financial services
organization that serves the Episcopal Church, today announced that it
will host a webinar to discuss insights from its research on Episcopal
Church lay employee retirement readiness.

The webinar, Understanding Lay Retirement Readiness, will take
place on Thursday, May 30, 2019, at 3:30PM ET, and will be hosted
by CPG’s Dr.
Matthew Price
, Senior Vice President, Research & Data; Anne Hurst,
Assistant Manager, Research & Data; and Grace Longo, Financial Education
Specialist, Education & Wellness. Individuals can register for the
webinar at www.cpg.org/research.

“This year marks the tenth anniversary of the creation of the Lay
Employee Pension System as established by General
Convention Resolution 2009-A138
,” said Dr. Price. “Ninety percent of
Episcopal employers now offer lay employees retirement benefits, and
assets in CPG’s retirement savings plans for lay employees have
increased by more than 200%. Yet, despite these positive outcomes, many
lay employees remain uneasy about the prospect of their retirement. The
upcoming webinar is an opportunity to share what we have learned and to
hear concerns from around the Church.”

CPG offers a variety of tools
and resources
that are designed to help lay employees prepare for
retirement, among them:

  • One-on-one
    financial education discussions
    – Lay employees can schedule a
    complimentary discussion with a financial education specialist to
    review their retirement needs and goals, understand their benefit
    choices, and develop a financial plan.
  • PlanAhead
    for Retirement® Calculator
    – This online retirement
    planning tool for lay employees who participate in either The
    Episcopal Church Lay Employees’ Retirement Plan or The Episcopal
    Church Lay Employees’ Defined Contribution Retirement Plan, projects
    retirement income needs, estimates the percentage of needs covered,
    and allows individuals to revise their plan.
  • eLearning
    Library
    – This online learning center offers a wealth of
    information on financial planning and education topics.

In addition, Fidelity Investments, the recordkeeper for CPG’s defined
contribution plan, offers other financial preparedness resources, such
as these:

  • NetBenefits
    Library
    – This online library offers a range of resources
    including calculators and tools, videos, and articles.
  • Fidelity’s
    Event Registration System
    – These complimentary online workshops
    cover a variety of topics, including college planning, budgeting, and
    retirement. Events are offered daily and on-demand, and individuals
    can attend one workshop or several—the choice is theirs.
  • Budget
    Check-up
    – Individuals can view how
    their actual savings and spending compares with Fidelity’s guidelines.
  • Emergency
    Fund Tips
    – This online resource offers a short video to learn
    three helpful points about starting and maintaining an emergency fund.

About The Church Pension Group

The Church Pension Group (CPG) is a financial services organization that
serves the Episcopal Church. It maintains three lines of
business—employee benefits, property and casualty insurance, and
publishing. CPG provides retirement, health, life insurance, and related
benefits for clergy and lay employees of the Episcopal Church, as well
as property and casualty insurance, and book and music publishing,
including the official worship materials of the Church. Follow CPG on Facebook,
Twitter,
and LinkedIn.
cpg.org

Contacts

Media:
C. Curtis Ritter
Senior Vice President
Head
of Corporate Communications
212-592-1816
critter@cpg.org