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Category: Financial Management

Sometimes, more is less

Sometimes, more is less

There is an economic principle called the economies of scale, which states the larger something becomes, such as a pension plan, the more efficiently it can be administered. This is the principle to which all of the Plans administered by Christian Brothers Services adhere. For example, in the Christian Brothers Employee Retirement Plan (CBERP) the cost of recordkeeping, actuarial, legal, plus other expenses for almost 30,000 participants is not 10 times greater compared to another defined plan of 3,000. The…

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Are you prepared for an early retirement?

Are you prepared for an early retirement?

The Center for Retirement Research at Boston College has released a new brief indicating that more than a third of older workers retire earlier than planned. But, are you really ready? The study, “Retiring Earlier Than Planned: What Matters Most?, “further suggests that while health shocks and job loss are expected as key factors in upping the retirement date, those issues only make up a quarter of the reasons why people tend to retire early. The report states that health…

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BMT—A Must-See Webinar for all Religious Institution Benefits Coordinators

BMT—A Must-See Webinar for all Religious Institution Benefits Coordinators

Benefits Coordinators in finance offices for religious communities and institutions face complicated issues in their roles. Overseeing the benefits and eligibility concerns for religious members can be a daunting task, filled with questions that can stump even the most seasoned manager. Constance  Neeson, Director of Benefit Eligibility Management for Religious at BMT Management & Financial Consultants, a division of Christian Brothers Services, will present a  FREE webinar, March 7, designed to help those benefit coordinators. “Finance Office Best Practices –…

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