Stability in Action

Annual Report 2020

A Message from Mary Kate Wold

Chief Executive Officer and President

To say these past several months have been challenging would be an understatement—from the COVID-19 pandemic, which has brought illness, death, and market volatility, to the senseless killings of George Floyd, Breonna Taylor, Ahmaud Arbery, and Rayshard Brooks, which have brought urgent attention to the ongoing issue of racial injustice in the United States. During these times of pain and uncertainty, we have remained steadfast in our values, ensuring that we remain a stable and supportive presence, not only for the Church but also for our employees.


Strength in Numbers

At the Church Pension Group (CPG), we spend many hours managing, monitoring, and stress testing our financial strength, because our ability to pay benefits is the core of our work.


“We have modeled financial volatility similar to what we’ve experienced during the coronavirus pandemic, and our models give us confidence that we are well positioned for the future.”

Roger Sayler

Chief Investment Officer

“We are charged with being good stewards of the money we receive from the Church, and we must be really smart about driving efficiency and effectiveness, and about investing in our people, in order to give the highest value back to our clients and the Church.”

Ellen Taggart

Chief Financial Officer and Treasurer

Striking the Right Balance

We exist to support clergy and lay employees in their calling to spread the gospel. We do this by helping them prepare for retirement, manage their well-being, take care of their buildings, and provide resources for liturgy and other ministries.


“We look consistently to provide value and stability to the people and institutions we serve.”

Frank Armstrong

Chief Operating Officer

Keeping the Good Going

And our work continues. CPG employees have been working remotely since March 16, 2020, answering questions and responding to client requests across our lines of business.


“We are committed to stability—to professional, compassionate, and trustworthy support of the people and institutions that depend on us in both certain and uncertain times.”

Mary Kate Wold

Chief Executive Officer and President