(ENS) CPG’s home page features a short statement pertaining to the Clergy Pension Plan, saying that “despite recent market volatility, the Fund’s financial condition remains very strong, with assets well in excess of liabilities.”<\/p>\n
That statement links to a second, slightly longer statement on the Clergy Pension Plan. That statement reads in full:<\/p>\n
“In light of the recent market volatility, the Board and staff of the Church Pension Fund want to reassure participants in the Clergy Pension Plan that the Fund’s financial condition remains very strong, with assets well in excess of liabilities.<\/p>\n
“The Clergy Pension Plan maintains substantial reserves, and the recent market volatility does not begin to call into question the soundness of the Fund. The pension benefits of the Clergy Pension Plan are fully secure.”<\/p>\n