Wespath Benefits and Investments

Social Concerns
Clay Apartments in Detroit consists of one two-story building with an elevator and will include 42 one-bedroom units for formerly homeless men and women with special needs. Wespath, the denomination’s pension and benefits agency, invested $805,000 in the building. United Methodists see a recent U.S. Supreme Court decision on homelessness as a reason to increase efforts to build more affordable housing. Photo courtesy of Wespath.

US Supreme Court ruling puts focus on housing

United Methodists see reason to increase their efforts to care for homeless people, including building more affordable housing, after the U.S. Supreme Court upheld ordinances that make sleeping outside a crime.
General Conference
Support for Palestine came in different forms during the April 23-May 3 United Methodist General Conference in Charlotte, N.C. Delegates approved a resolution asking United Methodist institutions not to invest in Israeli government bonds, due to Israel’s military occupation of Palestinian territories. Photo by Paul Jeffrey, UM News.

Resolution opposes investment in Israeli bonds

General Conference has approved a resolution asking that United Methodist institutions not buy government bonds from Israel and two other nations that have engaged in long-term military occupations.
General Conference
Jessica Vittorio, a Wespath board member and North Texas Conference delegate, urges passage of a new retirement plan for United Methodist clergy in the U.S. during a plenary session May 1 at the United Methodist General Conference in Charlotte, N.C. Photo by Larry McCormack, UM News.

New clergy retirement plan approved

General Conference delegates have supported the request by Wespath, The United Methodist Church’s pension and benefits agency, to move to a defined contribution retirement plan for U.S. clergy.
General Church
Frederick Hyland, Wespath’s managing director of actuarial services, and Kim Olson, director of retirement plans, discuss Wespath’s Compass proposal, a retirement plan for U.S. active clergy that is going before General Conference voters. If passed, the plan would replace the current Clergy Retirement Security Program with a defined-contribution retirement plan. Hyland and Olson were very clear that the new plan will not affect currently retired clergy. Screengrab courtesy of Live from Wespath.

Big changes proposed for clergy retirement

Wespath, The United Methodist Church’s pension and benefits agency, is asking General Conference to authorize a new retirement program for U.S. clergy.

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