Church and Individual Finance Strategy seeks to increase the financial security of churches and individuals by developing a strategy to promote the spiritual and moral responsibility of employer-provided protection benefits and individual responsibility and to increase the financial base and awareness of Mission:Dignity.
Church and Individual Finance Strategy will be more intentional in encouraging ministers and churches to take a greater personal responsibility in retirement and insurance planning to help overcome the looming financial crisis facing many ministers and their widows in the later years of ministry.
- Discuss the Biblical basis of individual financial planning responsibility and to meet with church staff members to discuss the need for general retirement planning and employer-provided benefits
- Discuss the need to contribute at least 15% of personal income to a retirement account and share general retirement withdrawal choices relating to personal retirement plan goals
- Teach general investment principles to help develop a suitable retirement fund and teach the importance of adequate insurance protection benefits
Local Church Strategy
- Share the Biblical basis for the church to provide protection benefits and offer to conference with church financial leadership about providing employer-provided benefits
- Encourage churches to provide employer-provided benefits including, but not limited to, retirement contributions, medical insurance, life insurance, and disability insurance, for all full-time employees and emphasize 10% of salary and housing allowance as an employer-provided retirement contribution goal
- Share with associational leadership the Biblical basis of employer-provided protection benefits and individual financial planning responsibility and challenge ministers about the importance of employer-provided benefits and individual financial planning responsibility.
- Encourage associations to model the 10% employer-provided retirement benefit and other employer-provided benefits so that local church financial leadership see first-hand the importance of employer-provided protection benefits and individual financial planning responsibility.
Georgia Baptist Mission Board Educational Strategy
- Facilitate a Biblical basis for church and individual financial planning responsibility and promote a Georgia Baptist Mission Board resolution encouraging member churches to provide at least a 10% employer-provided retirement benefit
- Teach individual financial planning principles and employer-provided protection benefits through general conferences, resource booths, ministry fairs, and retreats.
- Contact each Georgia Baptist church biannually to promote Mission:Dignity, a ministry to retired church workers struggling financially
- Help educate actively pastoring ministers of the importance of Mission:Dignity ministry.