U.S. Nazarene churches contributed a record high of $13.8 million to the Pensions and Benefits Fund in 2013, according to figures compiled by Nazarene Financial Services. That’s a one-year increase of almost 8.5 percent over the $12.7 million received in 2012—also a record high.
“This record reflects the faithful giving of our U.S. congregations and a generous response to the quarter-percent increase in the P&B Fund allocation that became effective during the year,” said Don Walter, Pensions and Benefits USA director. “We thank our church and district leaders, and again express our appreciation to the U.S. university/college presidents for their willingness to accept a quarter-percent decrease in their allocation in order to assist Nazarene ministers.”
Giving to the P&B Fund allows Pensions and Benefits USA to serve almost 14,000 active and retired ministers and church-employed laypersons with retirement benefits, life and disability insurance benefits, as well as benevolence assistance.