BOARD OF PENSIONS

This has been a challenging year, not only for the Board of Pensions but also for the entire
Office of Administrative Services. The death of our friend, colleague and co-worker, Reverend David
Hawkins left a major void in our lives and brought home the reality of just how much we and the
entire Annual Conference depended on him. Thankfully David’s life of grace overflowed to staff of
the Office of Administrative Services, and the work of the Board of Pensions continued smoothly. A
special heartfelt thanks is extended to Melinda Parker and Nancy Pearson for dedicated service in the
midst of personal loss.

A great deal of time and effort on the part of the executive committees of the Board of Pensions
and the Council on Finance and Administration was spent in securing a new Director of Administrative
Services who had not only the business and financial knowledge but also the pastoral gifts and graces
needed for this position.

After a period of receiving and reviewing resumes and then conducting interviews the
executive committees of both entities (this also included two additional lay persons from each board)
recommended to the entire Board and Council that James R. Allen be offered the position of director.
This was done on January 8, 2008 and each Board, voting separately, accepted the recommendation.

The Board of Pensions is truly delighted in the decision to offer this position to Jim Allen. He
has been sensitive to the circumstances that surrounded this opening and has made himself available to
everyone in the Annual Conference.

I would personally like to say thank you to Ken Edwards, Chair of CF&A, for his leadership
and wisdom throughout this process.

Once again in an attempt to ease the anxiety of clergy and their families as they approach
retirement we hosted a one day Pre-Retirement Planning Seminar on February 20, 2008 at Blakemore
United Methodist Church. Thirteen pastors and spouses attended. A representative from the General
Board of Pension and Health Benefits (GBOPHB) presented information and was available for
individual consultations. A representative of the Social Security Administration was also present.
This event occurs annually and those who anticipate retiring within the next 5 years are invited to
attend.

Please note that next year (2009) the Board of Pensions will be sponsoring its quadrennial two
day planning for retirement seminar for those over the age of 45. The following year (2010) a seminar
will be presented for those under the age of 45.

Two other reminders of opportunities for Clergy families:

1) The General Board of Pensions and Health Benefits does have a long term disability plan for
those who are interested. This opportunity was made available to all pension participants.
2) The Board would also remind the Annual Conference that it has been the practice of the
Conference to provide Grave Markers for deceased United Methodist Clergy. Requests should be
made to the Office of Administrative Services or to the chair of the Conference Board of Pensions.

Years ago, the Conference Board of Pensions set a goal for the pre-82 plan past service rate of
at least 1.0% of conference average compensation (CAC). This Board is proposing for 2009 a past
service rate of $614 for pre-1982 service years, which will be 1.05% of the 2009 CAC. This
represents a $29 (or 5%) increase over the 2008 rate.
 Board of Pensions 2009 Budget

CRSP/CPP & Special Grants $ 3,240,743

Board Expenses 5,000
Emergency/Moving Expenses 15,000
Death Benefits 3,000
Pension Office 139,514
Retirement Planning Seminar 15,000

Total $ 3,418,257

To fund the Board’s budget for 2009 of $3,418,257 including $3,240,743 for CRSP, CPP, and
Special Grants, the Board requests an apportionment for 2009 of $2,652,000 which reflects a zero
(0%) increase over 2008. The remaining $766,257 will be funded by the income and growth of the
Conference’s pension and benefit reserves.

The Board of Pensions would also move that money presented by Cokesbury to our
Conference Board of Pensions at this 2008 session be sent to the Central Conference Pension
Initiative which was established by the 2004 General Conference.

It has been a joy to serve this past quadrennium as the Chair of the Tennessee Conference
Board of Pensions. I have enjoyed working with a wonderful Board and have delighted in working
with clergy who are just beginning their ministries in this conference. Perhaps my greatest joy has
been in doing what little I could to express appreciation to those who are in the process of moving into
a retired relationship and to those who are retired. You are my heroes!

Respectfully submitted,
Dr. Steve Angus, Chairperson

SUPPLEMENT TO THE BOARD OF PENSIONS REPORT

A. Changes in the list of Conference Claimants:

1. The following have died in the past year:

a. Ministers:
S. Steven Smith April 11, 2007
William C. Finch June 13, 2007
Wayne F. Lineberry August 30, 2007
William D. Comperry November 16, 2007
Calvin W. Reagan February 16, 2008
Gerald W. McCulloh February 23, 2008
Roy J. West March 4, 2008
Albert Rogan March 14, 2008
Herman Yates, Jr. March 20, 2008
 b. Surviving Spouses:
E. June Case April 3, 2007
Jessie S. Hembree May 14, 2007
Estelle M. Cherry June 25, 2007
Pearl C. Hunt August 13, 2007
Ida Mae Churchwell December 10, 2007

c. Spouses:
Margaret A. Smith June 13, 2007
Sharon B. Huffman June 26, 2007
Evelyn Ruth Davis November 22, 2007
E. Joyce Pennington February 26, 2008

2. Additions by Regular Retirement (eff. July 1, 2008 unless otherwise noted):

Leland T. Carden
Kenneth L. Clayton
Dorris N. French
Francis J. Hagan
Daniel M. Hyde
Dickie W. Johnson
James E. Kayler
Thomas W. Madron
John A. Pennington
Jo Bentley Reece September 20, 2008
James L. Williams December 31, 2007

3. Additions by Early Retirement (eff. July 1, 2008):

Chestina M. Archibald
Joel T. Jones

4. Addition by Honorable Location-Retirement:

Brian J. McKerley

5. Other: Recognition for service in the Tennessee Conference (none).

6. Surviving Spouses Added:

Harriett E. Comperry
Melisa J. Derseweh
Lucy B. Finch
Michael M. Hodge
Dorothy W. Reagan
Karen J. McCulloh
Margaret C. West
Edna R. Yates

B. Special Grants:
Wilma Wayne
C. We recommend Incapacity Leave be granted to the following:

NAME AGE on 6/30/2008 ORIGINAL LEAVE DATE

Roy Hardiman, Jr. 55 07/01/1999

Virginia Kessen 52 09/01/1999
J C Lawson 57 01/01/2000
Thomas Rascoe 63 07/01/2002
Isaac Davis 52 07/01/2003
Richard Kaleida 62 05/01/2005
Donald Stone 63 07/01/2005
H. James Smith 64 11/01/2005
R. Clay Hall 53 11/01/2007