A Message from Mary Kate Wold
CEO & President
Special Assistance for Challenging Times
The purpose of the Church Pension Group (CPG) is to serve the clergy and lay employees of the Episcopal Church in their calling to spread the Gospel. Being here for you—especially in times like these—is our reason for being. As the Most Rev. Michael B. Curry stressed in his wonderful video message on March 10, “We are in this together.”
The volatile market conditions that we are experiencing clearly have a negative effect on the value of the assets in our pension plans, but we expect and prepare for events like these. We want you to know that the financial health of The Church Pension Fund (CPF) remains strong.
As soon as it became clear that the coronavirus was becoming an international emergency, we started evaluating each of CPG’s lines of business to determine what, if anything, we could do to respond to the financial—and emotional—distress that many Church employers, clergy, and lay employees are experiencing. Our responses range from potential assessment waivers for financially threatened parishes to not charging clients for medical co-pays or deductibles to offering free online books and stress-management webinars.