Benefit. Accumulation. Account. Saving to Make Your Dreams Possible.

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1 Benefit Accumulation Account Saving to Make Your Dreams Possible. 1

2 Get to your dreams faster. Dream #1 Daily walks on the beach. 2

3 Pension Fund: A Name You Can Trust Pension Fund serves its members as faithful financial stewards, true to Pension Fund s mission values of security, trust and compassion. Rather than relying on funding from company profits or legislation, Pension Fund relies on a solid funding formula and a team of investment professionals who not only manage your money, but grow your assets. We measure our success by not only protecting, but adding value for your retirement. Our history pre-dates Social Security: Since 1929, Pension Fund s conservative plan design has weathered market downturns, and our pension plan still remains one of the highest-funded pension and retirement savings programs in existence. Your money stays in your pockets, not ours: With Pension Fund, there are no hidden fees or charges to manage your assets. In fact, when reserves exist above what is required for current and future benefits (and for any potential market decline), Pension Fund s Board of Directors may declare Good Experience Credits for all participants. These additional interest earnings mean more money for you in retirement. We worry about investments so you don t have to: Other retirement savings programs often force you to make an educated guess as to your investment pools. With Pension Fund, enrollment is the only requirement for you to benefit from our expertise and knowledge in managing your financial assets simple and easy. 2

4 Save for a Better future Why a Benefit Accumulation Account (BAA): We pride ourselves on our ability to provide value to our members. That s why we created the BAA program, an after-tax retirement savings program. We understand that saving for big life expenses is important, and want to provide a better way to save. With a BAA, you can save for the expected or unexpected and withdraw your funds at any time without penalty. From saving for college, to retirement (and everything in-between) we have you covered. Pension Fund s BAA offer a competitive interest rate with the potential for additional interest earnings (Good Experience Credits). Our BAA offers a competitive, guaranteed interest rate that won t fall below 1% and can earn up to 6%, so you can trust your savings will continue to grow. On top of this, BAA accounts are eligible for additional interest earnings through Good Experience Credits. * Save for retirement without any limits. Unlike other retirement savings products, you can contribute to a BAA regardless of your age or income. You also can save without any contribution limits or caps. What are Good Experience Credits? Good Experience Credits are additional interest earnings. Each year, the Pension Fund Board of Directors reviews reserves required for current and future benefits, as well as reserves needed for any potential market declines. When reserves exist above what is required, the Board of Directors may declare Good Experience Credits for all participants. Over time, these extra earnings can make a significant difference when saving for retirement. Dream #2: Save for a home for that will be in our family for generations to come. * Interest is taxable in the year it is earned. 3

5 Save for all scenarios No matter your retirement goals, Pension Fund will help get you there quicker. The BAA allows you to proactively save (and earn interest) for all kinds of life expenses, retirement and beyond: Emergency fund Car down payment Health care costs Education expenses Housing expenses Vacation Fund Dream #3: Being able to afford that dream vacation. 4

6 Save for a Better future BAA Earned Interest Rate 10-year History Current Year Base Rate Good Experience Credits Recieved (Where Applicable) 10% PERCENT 5% 0% 4.00% 4.50% 3.50% 2.10% 4.50% 6.39% 4.25% 1.25% 3.50% 3.00% 2.94% 1.70% 1.70% 2.00% 3.40% 2.50% 8.50% Good Experience Credits are awarded the following year based on the average of the prior year s reserves. This illustration represents historical data is not a guarantee of future performance. Easily access your funds for rainy days A majority of workers (68% in fact), are investing in retirement accounts such as 401(k)s, 403(b)s, and IRAs for retirement income. * These retirement programs (along with other long-term savings options, such as Certificates of Deposit (CDs)) charge hefty fees and penalties for early or late withdrawals. With the BAA, you have peace of mind knowing your money is there when you need it, regardless of age or circumstance. * Online survey conducted by Transamerica and Harris of 4,550 workers over age 18. 5

7 Eligibility: To be eligible to enroll in the BAA, you must: We encourage you to shop around and compare the BAA with other existing savings opportunities. We re confident you ll discover this unique program offers a competitive return to help you meet your savings goals from now through retirement. a Have an existing account with Pension Fund (i.e., Pension Plan, Tax-Deferred Retirement Account, Traditional IRA, Roth IRA); OR a Be a surviving spouse of a Pension Fund retirement program participant. Other requirements include that you work for a U.S. organization or be receiving a retirement pension from the U.S. Pension Plan and are an individual (not employer, trust or estate). Please consult Pension Fund for a full list of eligibility requirements. Ready to Get Started? a To open an account, you ll need a $25 minimum deposit. a BAA deposits can be made electronically (ACH or automatic bill payment) or by mailed check. If you receive a pension from Pension Fund, you can also contribute through pension deduction. For a full list of program details, please refer to our member resource book at Consult your financial advisor to find out if Pension Fund s BAA programs are a good fit for you. For more information on how to enroll, visit or call today! 6

8 About Pension Fund Participation in Pension Fund programs provides peace of mind that you are investing in an organization with more than 115 years of experience in managing financial assets. Our track record and financial strength are testimony that Pension Fund is Strong. Smart. Secure. It is our objective and practice to maintain excess reserves for all Pension Fund programs. Pension Fund is fully funded, which means we have more assets than benefit obligations and, from an actuarial standpoint, can pay all current and future retirement obligations. This strong reserve position allows us to weather market downturns, as well as provide financial underpinning to develop new programs to benefit our participants and participant organizations. Pension Fund has prudently managed assets for more than 115 years and has responded to changing needs of our members. We continue to introduce programs to supplement members existing retirement and pension savings. We measure our success by protecting and adding value for your retirement. In good times and bad, Pension Fund serves its members faithfully. In the history of Pension Fund, no participant has experienced a reduction in pension or pension credits, nor suffered any loss in value of his or her retirement account. To learn more about Pension Fund s full range of programs, visit The material contained in this brochure is for informational purposes only and not to be construed as tax, financial or legal advice. Before making decisions about financial matters, please consult your attorney, tax preparer or other financial advisor to find out how these programs will impact your individual situation. If any differences exist between this summary and the Benefit Accumulation Account document, the Benefit Accumulation Account document will control. Past performance of the BAA program is not a guarantee of future returns. pensionfundchristianchurch Visit us on the web: Send us an pfcc1@pensionfund.org P.O. Box 6251 Indianapolis, IN /2015