Pensions

Figuring 2011/2012 Pension and Comprehensive Protection Plan (CPP)

A. Clergy Retirement Security Plan (CRSP), the current United Methodist Pension Plan, is direct billed to your local church in twelve (12) equal installments. As has always been the case, there will be two (2) components included in the one (1) amount you will see. They are:

1. Defined Benefit:

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:

3% of plan compensation: You can figure plan compensation by one of the following:

a. If the pastor lives in a parsonage, multiply line D. salary from the Pastor’s Support and

Compensation Form by 25% then add to the salary and take 3% of that total.

b. If the pastor has a Housing Allowance in line F. from the Pastor’s Support and

Compensation Form, add that amount to line D. salary and take 3% of the total.

B. Comprehensive Protection Plan (CPP) is no longer be an apportioned item. In the past it was included as a component of the Conference Claimants Apportionment. Beginning in January 2011, the local church/charge is direct billed for eligible clergy at 3.1% of Plan Compensation. (If your pastor is not eligible, your church/charge will not receive a billing for CPP.) Once your salaries are set, feel free to contact us here in the Conference Office if you question whether or not your pastor is eligible for this death and disability program. As always, we encourage you to contact us with any questions or concerns you might have. We are more than happy to help!

* The pastors Personal Investment Plan (PIP) is a separate issue and is withheld from his/her salary. You will receive a separate billing for PIP from the General Board of Pension and Health Benefits just as has always been the case.

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
GBOPHB - To Opt-out or Not to Opt-out

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