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.

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A Message from Roger Sayler
Chief Investment Officer

Reminder: Stay Calm

We understand that significant market declines are unsettling, but they are expected. At the Church Pension Group, we plan for them. As Mary Kate Wold and I describe in this video from our 2019 Annual Report, we conduct regular “stress tests” of our pension plans to see the potential impacts of highs and lows in the stock market on our pension plans. We have modeled volatility similar to what we’re experiencing currently, and our models give us confidence that all will be well.

Annual stress testing helps us take a long-term view. We have a broadly diversified portfolio of assets and a commitment to ongoing financial discipline that have helped us buffer market declines and recover well from past dips in the market. I am confident that the same investment philosophy and approach will guide us through this volatility too. I hope you’ll take a look at the video. Today’s situation is different from the one referenced in the video, but our message is the same. We remain focused, steady, and confident. I hope you will too.

CPG employees working remotely through April 2020 

Coronavirus Response

See Coronavirus Response section for information about how CPG is monitoring and responding to coronavirus disease 2019 (COVID-19).

System Maintenance

CPG websites and applications will be unavailable 9:00PM ET Friday, March 27 – Saturday, March 28 11:30PM ET due to scheduled maintenance. See Contact Us for details.

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