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:
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.
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.
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
Library – This online library offers a range of resources
including calculators and tools, videos, and articles.
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.
Check-up – Individuals can view how
their actual savings and spending compares with Fidelity’s guidelines.
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,
C. Curtis Ritter
Senior Vice President
of Corporate Communications