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The Magazine of The Evangelical Lutheran Church in America

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Pension decisions across denominations

Full communion partners haven't had to cut pension payouts

For The Lutheran's article, "Feeling it: ELCA retirees cope with pension losses," we contacted three other full communion partners of the ELCA, to learn what impact market losses had on their pension plans.

©istockphoto.com/taekwondudeNo other denomination contacted — Episcopalians, United Methodists or Presbyterians — has had to cut pension payouts. The Presbyterian Church (U.S.A.), The Episcopal Church, and the United Methodist Church all have plans that contain both defined benefit and defined contribution components, while the ELCA has solely a defined contribution plan.

Both types of plans suffered from recent market losses but work in different ways, said Terry Mencel, the ELCA Board of Pensions' communication director.

The rest of this article is only available to subscribers.

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