WELS Benefit Plans serves WELS and Evangelical Lutheran Synod (ELS) workers and organizations through administration of the WELS Voluntary Employees’ Beneficiary Association (VEBA) Health Plan, the WELS Pension Plan, and the WELS Shepherd Plan.
The WELS VEBA Health Plan provides benefits for church and school workers in accordance with God’s Word while remaining compliant with the federal health care reform law. The plan provides comprehensive, nationwide coverage. More than 80 percent of WELS workers and calling bodies participate in WELS VEBA.
The WELS Pension Plan provides WELS called workers with a valuable source of guaranteed income during retirement.
The WELS Shepherd Plan provides workers the opportunity to save and invest a portion of their earnings to provide income during their retirement years.
One important advantage of participating in WELS Benefit Plans is that the coverage and benefits provided are uniform throughout all 50 states. This supports the WELS ministry and call process because worker call decisions are not influenced by health insurance and retirement benefit decisions.
Visit welsbpo.net for more information.