Editor’s Note: From its inception, the women in the PCA have loved on and supported the denomination in practical ways. One way has been through the annual women’s ministry love gift. This year, the women’s ministry of the PCA is praying for and partnering with the different agencies and committees of the denomination regionally. Throughout the year, we will highlight the committees and agencies to learn more about what they do and how we can pray for them. I recently interviewed Gary Campbell with PCA Retirement and Benefits (RBI).
Christina: Can you tell us what RBI does for the PCA? How did it come into existence?
Gary: Thanks, Christina, for the opportunity to talk about the ministry of PCA Retirement & Benefits (RBI). Put simply, RBI provides employee benefits and support services for PCA church servants. Our mission is to prepare, protect, and nurture PCA servants through investment, insurance, relief, and related services, so they can focus on ministry. RBI was founded at the very beginning of the denomination in 1973. It was known as the Annuity Fund for Ministers and was part of the Administrative Committee. In 1973 the organization was a very small operation, but as it grew there was a need to establish it as a separate denominational agency overseen by a dedicated governing board. This was accomplished in 1982 when our name was changed to Insurance Annuities and Relief (IAR). Today, RBI serves over 7,000 participants with combined assets of $650 million in the PCA Retirement Plan. Group Insurance volume is almost $685 million covering 4,281 ministry partners. And RBI Ministerial Relief has paid $637,726 in awards to 64 beneficiaries in the past four quarters.
Christina: What are the main services pastors seek your assistance with?
Gary: That’s a good question. I believe the leading source of incoming and outgoing calls is related to questions church workers have regarding saving and planning for retirement. These interactions are a result of a retirement readiness survey we conducted in late 2010 with the assistance of Price Waterhouse Coopers. The survey confirmed our worst fears. We found that PCA church leaders were significantly behind in their preparation for retirement and, by implication, the future for widows of PCA teaching elders was dire. We realized that reversing this trend would require effort and prayer by RBI to unify the denomination around a solution to this problem. Since 2010, RBI has transformed the organization to embody a relational/missional culture of service to church workers. We employ a team of teaching elders who are also Certified Financial Planners to proactively meet with church workers throughout the PCA. We also publish a yearly compensation guide called the PCA Call Package Guidelines to assist churches as they seek to understand how to pay pastors fairly and deal with complex issues such as pastoral housing allowance, social security, and other unique facets of pastoral compensation. This has been a monumental effort and I believe the needle is moving, but we have much more work yet to do.
Christina: Are there any groups that are particularly under-served?…