1. 2014 Regional Benefits Consultation Robert W. Maggs Jr. President and Chief Executive

2. Focus on the Changing Church … Still Welcome 2

3. The Board of Pensions Honoring the Past,Serving in the Present,Dedicated to the Future

4. Caring for those who serve the Church Success depends on Design of Benefits Plan and Assistance Programs Personalized service to our members Maintaining financial strength Overall Mission

5. Highly qualified workforce Professional advisers Up-to-date technical tools Collegial and family-friendly workplace Requirements

6. Exclusive benefit of our members Attention to employing organizations paying for Benefits Plan Plan affordability Rapidly changing environment Options, Actions, and Decisions

7. Legal and regulatory strictures Declining revenues Increased operating costs Changing social and political norms Instant communications Geo-political events Volatile financial markets Driving Change

8. Determining effects of Affordable Care Act Providing consultative services Ensuring sufficient financial reserves Building mutual understanding of emerging complexities Considerations for the Future

9. Frank Spencer, President-Elect Experienced CEO of for-profit and not-for-profit organizations Strong Presbyterian heritage Ordination as a teaching elder Former Director on our Board Leadership Change To be presented to the 221st GA (2014) for confirmation