ARKANSAS CONFERENCE 2008 JOURNAL
under to the least of: (1) the amount of the rental/housing allowance designated by the Clergyperson’s
employer or other appropriate body of the Church (such as this Conference in the foregoing resolutions) for such
year; (2) the amount actually expended by the Clergyperson to rent or provide a home in such year; or (3) the
fair rental value of the home, including furnishings and appurtenances (such as a garage), plus the cost of
utilities in such year.
17. A Retired Minister’s Day is Recommended Each Year: Recommended to be the Third Sunday of May
each year. The purpose of this day is to recognize the service of the retired servants and their families,
and to involve the local churches in the recognition of the needs, both present and future, of The
Arkansas Conference Pension Fund. If a retired minister does not reside within the bounds of a
charge, but a member of a retired minister’s family does, they shall be invited to participate in the
service (or observance); otherwise, recognition of these servants, and their service, should be
observed appropriately. “Appropriately” should be determined by the Pastor/Parish Relations
Committee of each local church. This committee shall have the responsibility of locating these
people and relate the service of these persons to the local church and our Annual Conference. The
Conference Board of Pensions will be responsible for providing promotional ideas and some
materials (i.e., total years of service, percentage of retired ministers serving churches while in their
retired status, etc.) when requested.
18. We recommend that a special grant be made to Donna McCammon, dependent child.
19. We recommend that, ¶1506.3 (2), 2004 Book of Discipline, be enforced.
20. Participants in our pension programs should notify the Conference Benefit Officer, Mona Williams,
at the Office of Finance and Administration, PO Box 2941, Little Rock, AR 72203 Phone 501-324-
8003, Fax 501-324-8043 when:
a. A death in the immediate family occurs;
b. Any change in address or income occurs;
c. A change of beneficiary is desired;
d. Information relative to pension matters is needed;
e. To enroll in our pensions program and/or health insurance;
f. Request for retirement is made to the bishop, cabinet, and board of ordained ministry;
g. You have a question of annuity credit for past service.
Arkansas Annual Conference Funding Plan For Supplemental One
to the Ministerial Pension Plan As of January 2008
The 2008 Past Service rate (PSR) of $543.00 is .99% of Conference Average Compensation (CAC). The
conference intends to maintain the PSR as a percentage of CAC to the minimum allowable. We anticipate future
Conference average compensation increase rates to be approximately 2% per year.
Based upon calculations provided by the General Board of Pensions and Health Benefits (GBOPHB), the
pre-82 service liability for the Arkansas Conference based upon a 2008 PSR of $543.00 is $0 as of January 1,
2008. The Arkansas Conference Plan funds currently held by GBOPHB are valued at $35,852,637 as of 01/01/
08.
The $0 difference between total liability and assets represents the Arkansas Conference unfunded liability
for pre-82 service obligations. This unfunded liability will come from two sources, 1. Payments received
annually from apportionment dollars. 2. Conference assets on deposit at the GBOPHB. The amount of money
to be paid on 12/31/08 for PSR obligations will be $0.
The 2008 Arkansas Conference Funding Plan is summarized below:
Supplement One Liability
With assumed 4% PSR increases $37,142,311
Current Plan Funding: $35,852,637
Additional Conference Assets On deposit with MAF: $ 4,463,442
Submitted by Bill Shirron, Arkansas Conference Board of Pensions
Mona Williams, Conference Benefits Officer Date 03/05/2008
Arkansas Annual Conference Funding Plan For Supplement One to the Clergy Retirement Security
Program As of January 2005 for 2007
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