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2019 news 3More than 1,400 churches have begun using “403(b) Contributions,” the electronic system for making payments to the Nazarene 403(b) Retirement Savings Plan, according to Roger Creeden, administrative director for Pensions and Benefits USA. The electronic funds transfer system was launched after Fidelity Investments ceased to accept paper checks for contributions as of January 1, 2019. Fidelity is the record keeper for the plan.

“More than $10.5 million have been contributed by almost 1,400 churches through this system so far,” said Creeden. “We are grateful to the church treasurers who have worked with us to initiate this system, but there are still some that need to start.”

Creeden said some churches continue to send contribution checks to Fidelity, but these are being returned. “The biggest problem with this is that it delays the deposit of the funds into the investment accounts of ministers,” Creeden said. “We encourage every treasurer who has not made the transition to contact us, and we will walk them through the process. Once they adjust to the transition, we believe they will appreciate the efficiency and security the new system affords.”

Access to Online 403(b) Contributions is made from the home page of pbusa.org. A green icon in the upper right corner [403(b) Deposits] opens the link to the secure portal. From there, the user can create a profile, set up bank accounts, add or delete personnel, and make and track electronic contributions. A training video and informational flyer are available to explain how to create accounts and use the system.

If you have questions, contact Pensions and Benefits USA at This email address is being protected from spambots. You need JavaScript enabled to view it. or 888-888-4656.

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