The Ministers€ Retirement Fund was established in February of 1974 for the purpose of providing a place for ministers to invest finances for their future retirement years. Reverend M. J. Wolff served as the first chairman of the Executive Committee and served until April, 1978. The General Board appointed Reverend James H. Simison to serve as Chairman in 1978 and he served until 1999. Reverend G. R. Travis was then appointed and served as Chairman until 2006. Reverend B. J. Thomas is presently serving as Chairman of the Ministers€ Retirement Fund Board of Trustees.

 

Reverend David J. Wheeler, Stewardship Director of the United Pentecostal Church, served as the MRFI secretary from 1974 to 1983.

 

One of the first members of the Ministers€ Retirement Fund in 1975 was Reverend T. M. Jackson, then pastor in Cutler, Illinois. He is presently Senior Executive Administrative Assistant at the World Evangelism Center and has served as Secretary of the MRFI Board of Trustees since 1986.

 

 

Effective July 1, 2008 also adopted a new 403(b) Church Plan that allows for participant selection of investments. To facilitate this new opportunity, the MRFI contracted with Envoy Financial located in Colorado Springs, CO to administer the many details involving participant selection of investments.

 

The same investment choices are available to the participants who were already enrolled in the 401(a) Defined Contribution Plan. It will be necessary to administer the accounting of the two plans separately. However, ministers and church employees may do rollovers from IRAs, 403(b)s, and some other qualified plans into the new 403(b) plan.

 

Investment selections will be placed in no load mutual funds facilitated by Lincoln Financial and the accounting maintained by Envoy. You may explore the many details and opportunities by logging into the Envoy website.