Administration & Finance News

Everything listed under: budget

  • 2013 Insurance and Disability Rates

    by Church Life Insurance Corporation Group Life Insurance and Disability Premium Rates Effective January 1, 2013 Group Life and AD&D Premium rates, effective January 1, 2013 Church Life Insurance Corporation (“Church Life”) is pleased to announce that there will be no change to the group life insurance and AD&D premium rates for 2013 unless we have renegotiated your group life contract. The supplemental group life insurance premium rates will also stay the same. Disability Premium rates,...

  • 2012 Budget Information - Benefits & Apportionment

    By Bobbi Yeo, Canon for Administration & Finance   Apportionment: In 2012 we will continue using the new apportionment formula approved by the 2009 Diocesan Convention. The calculation applies a tiered rate system to assessable income as follows: Up to $60,000 of assessable income is assessed at 10% $60,001 - $120,000 of assessable income at 16% $120,001 and up of assessable income at 22% note that there has been no change in how apportionment is assessed since 2010 Exclusions from asse...

  • 2012 Insurance Rates

    The Employee Practices and Benefits Committee just approved the Insurance Plan Array for 2012.  The new plan array is very similar to the 2011 plan array.  One significant difference is that the previously offered CIGNA HMO is being replaced with the CIGNA Open Access Plus In-Network (OAPIN).  This new plan has a 95% network access match and removes the Primary Care Physician gatekeeper when accessing specialists that was required with the CIGNA HMO plan.  Those who are curre...

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