Pensions

Figuring 2013 Pension (CRSP) and Comprehensive Protection Plan (CPP)

A. Clergy Retirement Security Plan (CRSP), the current United Methodist Clergy Pension Plan, is direct billed to your local church in twelve (12) equal installments. There are two (2) components. They are:

1. Defined Benefit (CRSP-DB):

Full-time clergy — $7,300

3/4 time clergy — $5,475

1/2 time clergy — $3,650

1/4 time clergy — $1,825

2. Defined Contribution (CRSP-DC):

3% of plan compensation: Figure plan compensation by one of the following:

a. If the pastor lives in a parsonage, multiply line A salary from the 2013 Pastor’s Support and Compensation Form by 1.25 (adds 25%).

b. If the pastor has a Housing Allowance in line G from the Pastor’s Support and Compensation Form, add that amount to the line A salary.

B. Comprehensive Protection Plan (CPP) - 3.1% of Plan Compensation of eligible pastors. (If your pastor is not eligible, your church/charge will not receive a billing for CPP)

* The pastor's Personal Investment Plan (UMPIP) is a separate issue and is withheld from his/her salary. You will receive a separate billing for UMPIP from the General Board of Pension and Health Benefits.

We encourage you to contact us with any questions or concerns you might have. We are more than happy to help!

Below are links to important information regarding pension for clergy and lay employees.

General Board of Pension and Health Benefits (GBOPHB)

Retirement Plans for Clergy
Clergy Retirement Security Program (CRSP)
Clergy Retirement Security Program (CRSP) is a retirement program providing lifetime income and account flexibility designed for those who serve God as clergy of The United Methodist Church. The plan is designed to provide participants with one piece of their overall retirement portfolio.

United Methodist Personal Investment Plan (UMPIP)

Clergy and Social Security
IRS - Exemption From Self Employment(SE) Tax

Retirement Plan for Lay Employees
United Methodist Personal Investment Plan (UMPIP)

If you need additional information, please contact:

Shawn-Marie Riley, Conference Benefits Administrator

Phone: (800) 460-8622 or (817) 877-5222

Fax: (817) 338-4541

E-mail: Shawn-Marie@ctcumc.org

2009 Pension Rates