This increase applies to fixed annuities funded from defined contribution accumulations coming from the Church, Convention, and Voluntary Annuity plans, as well as Plan A retired and deferred benefits. It does not apply to Variable Annuities, Installment payments, or fixed period benefits established for fewer than five years. Getting to know our new president Last October, Dr. O.S. Hawkins took the helm of the Annuity Board of the Southern Baptist Convention after a long and distinguished career as a leader and pastor in Southern Baptist life. In a recent interview with LifePoints Quarterly, Dr. Hawkins talked about his initial impressions of Annuity Board programs and his plans for the future. My challenge is to take something great and with the Lord's help, make it greater.
Integrity is the single greatest asset to long-term success.
The skillfulness of our hands speaks of excellence in all that we do. A major part of our first year's priorities will be to ensure our leadership team for the future is characterized by integrity and excellence. Our participants can take comfort in the fact they are part of an organization that is the unqualified leader in its field. Other church pension boards are just now beginning to speak of matters we have already had in practice for some time. We're thankful for our dedicated trustees and committed staff who have been on the cutting edge of our industry.