Church Pension Group to Observe 100 Years of Service to the Episcopal Church

NEW YORK–(BUSINESS WIRE)–#CPGThe
Church Pension Group
(CPG), a financial services
organization that serves the Episcopal Church, announced today that it
is observing its centennial anniversary today, March 1, 2017.


“A hundred years ago Bishop William Lawrence had an audacious vision of
creating a pension fund that would enable clergy who spent their lives
in service to the Episcopal Church to retire in dignity,” said Mary
Kate Wold
, CEO and President of CPG. “Today we still adhere to his
vision and have paid out more than $5.5 billion in benefits over the
past century. What began as a pension benefit for retiring clergy has
expanded to include a full range of benefits and other products for
clergy and lay employees of the Church.”

“As we look to our next century of service, we are committed to
maintaining our financial strength, upholding our fiduciary
responsibilities, and living out our purpose,” Ms. Wold added. “We will
continue to seek to understand the challenges and lives of those whom we
serve so we can be ready to respond to evolving needs in the years
ahead.”

As part of this historic occasion, New York City Mayor Bill de Blasio,
Memphis, Tennessee Mayor Jim Strickland, and the Select Board of the
Town of Bennington, Vermont, where CPG has offices, are declaring March
1, 2017, “The Church Pension Group Centennial Anniversary Day.” In
addition, a tree will be planted in the Bishop’s Garden at The Cathedral
Church of St. John the Divine, where legislation to create The Church
Pension Fund was passed by an act of General Convention in 1913. CPG
employees will also participate in a Day of Service to support the Kids
In Need Foundation
, an organization that provides free school
supplies nationally to students most in need. The Most Reverend Michael
B. Curry, Presiding Bishop and Primate of the Episcopal Church, will
preside over a celebration of the Holy Eucharist at the Church of the
Incarnation later in 2017.

Ms. Wold concluded, “We are blessed to have learned from and to stand on
the shoulders of those who came before us. We are imbued with the same
commitment and values shared by Bishop Lawrence a century ago and remain
ever passionate about our purpose, which is serving the employee
benefits needs of the Episcopal Church.”

About The Church Pension Fund

The Church Pension Fund (CPF) is an independent financial services
organization that serves the Episcopal Church. With approximately $12
billion in assets, CPF and its affiliated companies, collectively the
Church Pension Group (CPG), provide retirement, health, and life
insurance benefits to clergy and lay employees of the Episcopal Church.
CPG also offers property and casualty insurance as well as book and
music publishing, including the official worship materials of the
Episcopal Church. Learn more at www.cpg.org.

Contacts

Media:
Church Pension Fund
C. Curtis Ritter,
212-592-1816
Senior Vice President
Head of Corporate
Communications
critter@cpg.org

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