The ELCA Board of Pensions is becoming Portico Benefit Services
Though our name is changing, we remain a part of the ELCA — your partner in mission.
Video: New Name, Same Mission (0:49)
Video: Welcome message from The Rev. Jeff Thiemann, President and CEO (1:29)
Jeff assumed the role of Board of Pensions president and CEO on October 1. Learn more…
We're changing our name to be clear about who we are and what we do as a ministry of the ELCA.
We are this church's provider of health, retirement, disability and survivor benefits and related services. We design unique benefits that invite your employees to live whole, healthy lives — better able to serve, for the sake of the world.
Why Portico Benefit Services?
A portico is a covered space where people gather. It's also an entry point to something larger — representing our connection to the ELCA and its mission.
The word "portico" is grounded in scripture. The portico of Solomon in the Jerusalem temple was a place where Jesus gathered his disciples, taught and ministered, as in John 10:22 – 28.
For us, a portico symbolizes the partnership we share. We design benefits that support your employees and empower them to plan for financial well-being in retirement.
Count on the same benefits and resources to help you live well
You’ll notice the change from Board of Pensions to Portico Benefit Services over 12 – 18 months. During this time, access to ELCA benefits will not be interrupted.
A gradual transition helps us complete our name change cost effectively — for example, by using up rather than discarding existing benefits materials.
New email address for Group Retirement Plans
Effective March 12, 2012, the general email address for Group Retirement Plans is gplans@PorticoBenefits.org. Our other contact information (phone, fax, website and mailing address) remain the same.
See ELCA News Release: ELCA Board of Pensions announces name change to Portico Benefit Services
About our plans
Portico Benefit Services maintains the following plans: ELCA Retirement Plan, ELCA Disability Benefits Plan, ELCA Survivor Benefits Plan, ELCA Health Benefits Plan (which includes the ELCA post-retirement medical benefits obligation) and ELCA Flexible Benefits Plan. We also maintain three group retirement plans for ELCA-affiliated social ministry organizations — the ELCA Master Institutional Retirement Plan, the ELCA Retirement Plan for The Evangelical Lutheran Good Samaritan Society and the ELCA 457(b) Deferred Compensation Plan. The assets of each plan are held in various trusts and therefore do not allow one plan to fund a shortfall of another plan. Portico Benefit Services’ plans are not subject to the Employee Retirement Income Security Act (ERISA). The health, disability and survivor plans are self-insured and are not protected through any type of insurance program. Our ability to pay claims is dependent on continued contributions and market performance. We reserve the right to change any of the terms of the plans at any time through the amendment or termination process described in each plan’s summary plan description.
About our funds
You should carefully consider the target asset allocations, investment objectives, risks, charges and expenses of any fund before investing in it. All funds are subject to risk. Past performance cannot be used to predict future performance. Portico Benefit Services’ funds are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fund assets are invested in multiple sectors of the market. Some sectors, as well as the funds, may perform below expectations and lose money over short or extended periods. See "Your guide to investing for retirement & Investment fund descriptions" for more information about our funds.
Neither Portico Benefit Services nor its funds are subject to registration, regulation or reporting under the Investment Company Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940 or state securities laws. Participants, therefore, will not be afforded the protections of those provisions of those laws and related regulations.