News

Nov. 09, 2020

Board of Trustees Approves 2021 Annuity Increases

Minneapolis — Each fall at its board of trustees meeting, Portico recommends annual adjustments to payments made to ELCA Participating Annuity Trust annuitants – changes to monthly variable annuity payments, annual dividends, and the brid...
Oct. 31, 2020

Target Date Funds Now Available

Earlier this month, Portico replaced its Select Series 40e, 60e, and 80e balanced funds with industry-standard target date funds — both social purpose and unscreened options. This is the most significant update to the plan’s fund lineup i...
Oct. 16, 2020

Nuveen Green Bond Impact Results for 2018

Portico’s social purpose (SP) investors get two kinds of returns — financial returns and evidence of social impact. The chart below describes the positive environmental impact Portico’s $25 million social impact first (SIF) investme...
Aug. 10, 2020

2021 Health Rates Reflect Lowest Increase in Seven Years

Portico Benefit Services remains steadfast in its commitment to care for the well-being of those who serve in the ELCA — so they can focus on the important work of serving others. Last week, Portico’s Board of Trustees approved the averag...
Jun. 29, 2020

ELCA Benefit Contribution Trust Now Adequately Funded

Reducing the cost of benefits is always welcome, especially during these tumultuous times. Portico is pleased to announce that the ELCA Benefit Contribution Trust is now adequately funded. Starting in July, sponsoring organizations in the ELCA Pensi...
Jun. 23, 2020

Two ELCA-Recommended Health Benefit Options for 2021

The ELCA Health Plan has always been a community plan, designed to meet the specific needs of ELCA congregations, institutions, social ministry organizations, churchwide organizations, seminaries, and those serving in these ministries. To answer cal...
May. 07, 2020

New On-Demand Videos Bring Living Well to Life

As the ELCA’s wellness leader, Portico is always on the hunt for innovative benefits and services that can help its faith-centered membership live well. In January 2020, Portico proudly introduced Being, a faith-based on-demand video platform f...
Feb. 25, 2020

IFF Investment Brings Positive Change to Communities

In November 2015, Portico selected IFF, a community development financial institution that serves low-income and special need communities in the Midwest, as its first social impact first (SIF) investment. Now, five years later, IFF continues to share...
Feb. 11, 2020

Customer Care Center Achieves Milestone Distinction for Excellence

Portico is proud to announce for the fifth consecutive year, the Customer Care Center has been certified as a Center of Excellence by BenchmarkPortal, a contact center benchmarking, certification, and training organization. BenchmarkPortal reviews th...
Jan. 09, 2020

Message to Members and Frequently Asked Questions and Answers

Nearly five years ago, Portico issued a news release about a lawsuit filed against the ELCA Board of Pensions (doing business as Portico Benefit Services). This lawsuit was one of many initiated against large 403(b) and 401(k) retirement plans, gener...
Jan. 02, 2020

ELCA Health Plan Takes Another Evolutionary Step

Portico’s 2020 Live Well invitation represents an important next step in the evolution of its wellness approach to health benefits. This year’s new benefits help members access quality health care more easily and cost-effectively, personalize their w...