Vol. XX, Issue 6

January 21, 2021

COVID-19 Update—PPP Loan Extension: Summary FAQs

The Consolidated Appropriations Act of 2021 (CAA) signed into law December 27, 2020 extends the Paycheck Protection Program (PPP) with additional funding and some refinements to further help small businesses, including tax-exempt organizations. [The PPP lending program was initially created by the Coronavirus Aid, Relief and Economic Security (CARES) Act in late March 2020 and was due to expire December 31, 2020.] The CAA provides $300 billion to the Small Business Administration (SBA) to reopen the PPP loan program. Churches and other religious organizations are eligible for PPP loans.

Wespath and the General Council on Finance and Administration (GCFA) have partnered to develop FAQs to assist local churches, annual conferences and other Church-related organizations in considering whether to apply for a “Second Draw” PPP loan. You can read the FAQs here.

We continue to analyze details of the massive CAA legislation and will publish information as it becomes available.

Wespath Market Update

Read our latest Wespath Market Update, a weekly investment summary that succinctly recaps economic and financial market activity for the prior week. If you, or others, wish to receive this email update, please send your contact information (name, email and organization) to InvestmentInfo@wespath.org.

Conference Forum and HealthFlex Mini-Summit

Wespath Benefits and Investments (Wespath) invites conference benefits officers, treasurers, conference board of pension members and health benefits administrators to attend:

Thursdays in March!

Wespath will be hosting four virtual mini-meetings on Thursday afternoons in March. The meetings will be held each Thursday from 1:00 p.m. to 4:30 p.m. CST. Each week will focus on a different set of topics, with the 4th Thursday (March 25) featuring a HealthFlex mini-Summit.

Conference Forum

HealthFlex Summit


Click here to attend the Conference Forums and the HealthFlex Mini-Summit. Please register to attend these events by Friday, February 19.

Virtual Clergy Event: Wespath Benefits and Investments "Delivered to You"

Wespath is excited to be hosting another "Delivered to You" educational event. This virtual event will bring education and five dimensions of well-being to all active clergy in their workplace/home space.

The Wespath meetings and events team has changed direction from live, in-person opportunities to offering a virtual event that will provide an energizing customer experience in a new and different way. Wespath Benefits and Investments "Delivered to You" will be hosted on Monday and Tuesday, February 8-9, 2021 and will be two half days—in the afternoon. The event will provide educational information that will inspire and encourage clergy of all ages and stages in ministry.

We are excited about this virtual event and hope you will help us promote it within your conference. We are grateful for your partnership in this adventure and for your ongoing support.

Registration is now open.

The registration fee is $49.00. The fee offsets the cost of an event Care Kit that will be delivered to each attendee who is registered in advance, to help them participate fully and enjoy the event more.

Check our website for more information and to invite your clergy to register today.

Thank you for your support as Wespath continues providing education to help clergy make informed benefit decisions and caring for those who serve.

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