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Home | Finance & Benefits | Clergy Pension Plan

CLERGY PENSIONS

East Ohio Conference Clergy Pension Plan

United Methodist Personal Investment Plan (UMPIP)

  • UMPIP Overview
  • UMPIP Plan Summary

Pension Revisions for 2014

  • Clergy Retirement Security Program (CRSP)

Clergy Serving 100% Time and 75% Time Effective 1/1/14

As of January 1, 2014, pastors serving 100% time & 75% time (¾-time) will continue to be eligible for the Clergy Retirement Security Program (CRSP). The East Ohio Conference Treasurer’s office will continue billing for the Defined Benefit (DB) & Defined Contribution (DC) costs for CRSP to the local church (reference your charge conference worksheet for the calculations). The changes in CRSP DC require that the pastor contribute 1% of total compensation (salary + housing) to receive the full 3% defined contribution by the church. If the pastor chooses to waive their personal contributions to UMPIP, they will receive 2% contribution to DC.

  • The UMPIP Contibution Election Agreement is the only form required for clergy serving 100% time and 75% time (¾-time).
  • An UMPIP Adoption Agreement for Local Church for Clergy is NOT REQUIRED and should not be implemented for clergy serving 100% time and 75% time (¾-time).
  • For personal contribution UMPIP Before-Tax & After-Tax Agreement of pastors serving 100% time and 75% time (¾-time) needs to be completed by the pastor. The church retains a copy for payroll purposes and this form must be sent to the General Board of Pension & Health Benefits.

Clergy Serving 50% Time and 25% Time Effective 1/1/14

As of January 1, 2014 pastors serving 50% time (½-time) and 25% time (¼-time) will not be eligible for the Clergy Retirement Security Program (CRSP). The East Ohio Conference encourages churches with 50% time (½-time) and 25% time (¼-time) to consider continuing some level of pension benefits. 

The United Methodist Personal Investment Plan (UMPIP) is offered by the General Board of Pension & Health Benefits and is designed to accept both pastors’ personal contributions, as well as employer (church) contributions.

Churches wishing to sponsor UMPIP for clergy serving 50% time (½-time) or 25% time (¼-time) must complete an UMPIP Adoption Agreement for Local Church for Clergy. Instructions for completing the UMPIP Adoption Agreement can be found here. The Agreement must be returned to, and accepted by, the General Board of Pension & Health Benefits.

  • The UMPIP Contibution Election Agreement must be completed by pastor’s serving 50% time (½-time) and 25% time (¼-time) before they can make personal contributions to UMPIP. The church retains a copy for payroll purposes and this form must be sent to the General Board of pension & Health Benefits.
  • To waive UMPIP participation by a pastor in which a church has adopted the plan, the UMPIP Waiver must be completed.

If you have questions regarding UMPIP, please send an e-mail to Betsy.

 

Betsy Stewart
Benefits Manager
Ext. 103
E-mail

The East Ohio Conference Office:
located in North Canton, OH,
near Akron-Canton Airport.

Address:
8800 Cleveland Ave. NW.
North Canton, OH 44720

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Local: (330) 499-3972
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Fax: (330) 966-7581

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8:30 a.m. - 4:00 p.m.

 

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