The Christian Churches Pension Plan was specifically developed to benefit people whose lives are devoted to vocational service for Christ. Consider these benefits:
- The Plan is simple.
- Annual affordable contribution of $750 per unit ($200 quarterly)
- Defined Benefit is determined by age of enrollment
- The Plan is portable—you can take it with you if you change ministries/jobs.
- The Plan vests in just one year.
- The Plan is cost-effective, allowing it to offer the industry’s highest committed rate of return.
- The Plan is stable.
- Overseen by a Board of Governors elected by Plan Participants from among Plan Participants.
- The Plan maintains relationships with attorneys who review Plan documentation and with actuaries who review the plan for fiscal soundness.
- The plan features multiple seasoned asset managers that strategically seek asset diversification.
- Participants may subscribe to multiple units. Annual contributions by the church or institution on behalf of the minister or employee are neither taxable nor subject to Social Security tax to the member.
- Ordained persons will have 60% of the amount they receive at retirement treated as parsonage allowance.
Use the chart below to estimate your total monthly retirement income. The amounts shown are examples based upon enrollment on your birthday and participation through age 65. The precise amount of your benefit is calculated from the actual date of enrollment through the date participation ceases.
Example 1: If you enroll at age 21, you will receive $880 per month at the age of 65.
For additional units, just add the applicable number of units to determine monthly retirement income.
Example 2: If enrolled at the age of 30, you will receive $595 per month. Perhaps an additional unit is added at age 40; it will pay $300 per month. Add one more unit at the age of 50, and you receive an additional $120. The total of the three units is $1,015 per month.
You may choose any number of units you desire.