Don Fecher resigns from Brethren Benefit Trust.

Don Fecher has resigned from Brethren Benefit Trust (BBT) as director of the Brethren Pension Plan and Employee Financial Services, as of Feb. 18. The two ministries have been guided by Fecher since 1998, when he also joined BBT's executive management team. Fecher first joined BBT in October 1995 as manager of Accounting. His resignation was prompted by his dream of developing an independent financial consulting business, BBT reported.

During Fecher's tenure, two investment funds were created and pension plan retirees were given opportunity to continue investing in the plan even after their accounts were annuitized. His tenure also saw BBT remaining compliant with tax laws allowing Brethren employees to transfer accumulations from other retirement plans. He played a key role in addressing concern over longterm funding of the Retirement Benefits Fund and managed the Supplemental Income Fund for Equitable Annuitants. As director of Employee Financial Services he supervised restructuring of the Retired Church Workers Fund into the Church Workers Assistance Plan, provided financial counseling, and presented seminars on financial and retirement planning, personal asset management, and pastors' taxation rules and compensation issues.

Pension plan members with questions about the plan or their accounts should call Marilyn Ziegler, member services representative, at 800-746-1505 or e-mail mziegler_bbt@brethren.org.

Source: 01/21/2005 Newsline
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