wfn.org | Sets Pension Investment Options

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"UNITED METHODIST DAILY NEWS" by SUSAN PEEK on Aug. 11, 1991 at 13:58 Eastern,
about FULL TEXT RELEASES FROM UNITED METHODIST NEWS SERVICE (3428 notes).

Note 3426 by UMNS on Feb. 11, 1997 at 16:27 Eastern (2039 characters).

SEARCH: United Methodist, pension, investment options
Produced by United Methodist News Service, official news agency of
the United Methodist Church, with offices in Nashville, Tenn., New
York, and Washington.

CONTACT:  Ralph E. Baker                          72(10-71B){3426}
          Nashville, Tenn.  (615) 742-5470           Feb. 11, 1997

Investment Committee sets options
for pension board's Personal Investment Plan

                 by United Methodist News Service

     The investment options for the new Personal Investment Plan
of the United Methodist Board of Pension and Health Benefits were
set by the board's Investment Committee when it met  Jan. 30 in
Evanston, Ill.
     The new investment options will become available to
participants in the denomination's pension program Jan. 1, 1998.
The committee determined that funds under the new plan will be
comparable to the funds currently available to participants.
     The new investment options will be:
     * a Diversified Investment Fund, a balanced fund of stock,
bond and other investments;
     * a Domestic Equity Fund, indexed to a broad stock benchmark
such as the Russell 3000;
     * a Domestic Bond Fund, indexed to a domestic benchmark such
as the Shearson Lehman Government/Corporate Bond Index;
     * a Money Market Fund;
     * a Balanced Military-Free Fund;
     * an International Stock Fund.
     The Investment Committee approved adding the International
Stock Fund to broaden options open to pension program
participants.
     All corporations in the board's investment portfolio will
continue to be screened for social responsibility as defined by
the United Methodist Book of Discipline, Book of Resolutions and
policies of the Board of Pension and Health Benefits.
     Members of the agency's board of directors were informed
about the choice of options in a Feb. 6 memorandum.  Communication
with participants in the pension program will begin in late
February. 
                              #  #  #

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