Illinois Great Rivers Conference 2025 Journal-Yearbook
Willis Towers Watson Actuarial Report
Total Liability $ 48,554,266 $ 57,328,763 $ 66,028,591 $ 55,309,176 $ 39,750,915 $ 41,031,173 $ 36,441,974
Fund Balance $ 42,631,881 $ 51,704,553 $ 61,119,245 $ 59,585,235 $ 56,633,317 $ 63,021,383 $ 67,643,669
Funding Diff. $ (5,922,385) $ (5,624,210) $ (4,909,346) $ 4,276,059 $ 16,917,402 $ 21,991,210 $ 31,201,695
End of 2018 End of 2019 End of 2020 End of 2021 End of 2022 End of 2023 End of 2024
Plan Liability Change from ’23 to ‘24 Funding Change
$ 4,589,199
from ’23 to ‘24
$ 4,622,286
IGRC Medicare Supplement Liability For 2024, the IGRC Medicare Supplement benefit has a liability of $41,031,173. A decrease at the end of 2024 of $4,589,199 in comparison to 2023. IGRC Medicare Supplement Fund Balance At the end of 2024 the IGRC Medicare Supplement fund balance is $67,643,669. An increase of $4,589,199 in comparison to the 2023 balance of 63,021,383. At the end of 2024, the Medicare Supplement Retirement fund is overfunded by $31,201,695. Health Insurance Proposal The Conference Board of Pensions is providing a separate resolution to the annual conference session regarding a clergy health insurance allowance. Report Item 203: Report of Program, Mission, & Benevolence Spending Plans Subject: Report of Program, Mission, & Benevolence Spending Plans Submitted by: Rev. Dr. Curtis Brown, Director of Connectional Ministries In cooperation with Conference Council on Finance and Administration, the Con- nectional Ministries Team is providing a report of Program, Mission, & Benevolence 2026 spending plans for Camping & Retreat Ministries, Congregational Develop- ment, Connectional Program Ministries, Higher Education Ministries, Specialized Ministries Direct Grants, Health & Welfare Agencies Direct Grants, and Other Con- ference Benevolences. The total area amounts were determined by the elected leaders of the committees responsible for each ministry area are included in the legislative item submitted by CCFA on the 2026 Conference Spending Plan. The “Program, Mission, & Benevolence” area aligns with the Book of Discipline de- scription of “conference benevolences” to include all program, mission, and benevo- lence expenditures in ¶614.3(c): The term conference benevolences shall include those conference allocations and expenditures directly associated with the program, mission, and benevo-
132 Legislative Items
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