Message from The Church Pension Fund
Board of Trustees

The Rt. Rev. Thomas James Brown
Chair

Canon Kathryn Weathersby McCormick
Vice Chair

The Rt. Rev. Brian N. Prior
Vice Chair

Mary Kate Wold
Chief Executive Officer and President

Dear Friends:

The Board’s primary responsibility is to oversee the strategic direction and performance of the lines of business that comprise the Church Pension Group (CPG). Every year, the management team sets ambitious goals that align with CPG’s long-term vision of providing the highest possible level of income in retirement consistent with our own exemplary financial stewardship and with the evolving needs of The Episcopal Church. Their goals are financial, operational, and relational.

Financially, CPG strives to outperform specific investment benchmarks while controlling annual expenses. Operationally, CPG pursues greater effectiveness and efficiency by exploring even better ways to deliver its products and services. Relationships are strengthened through thousands of personal visits and other points of contact that keep CPG in touch with the needs of our changing Church. We are pleased to report that CPG exceeded expectations in its key performance indicators.

CPG has been a stable presence in The Episcopal Church for more than 100 years, and it continues to provide stability in these unprecedented times. In the midst of the coronavirus pandemic, CPG has offered relief to institutions and individuals in need, while continuing to protect its ability to pay benefits over the long term.

It is an honor and a privilege to serve the Church as a member of The Church Pension Fund Board of Trustees, and we look forward to the year ahead.

Faithfully,

The Rt. Rev. Thomas James Brown
Chair

Canon Kathryn Weathersby McCormick
Vice Chair

The Rt. Rev. Brian N. Prior
Vice Chair

Mary Kate Wold
Chief Executive Officer and President

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