Clergy Relations & Benefits

Caring for those who serve

Pension

All active clergy – full time, part time, student local pastor

Church is invoiced monthly

Pension Plan

CRSP – Clergy Retirement Security Program

General Board of Pensions and Health Benefits is the administrator

2 components to the plan:Defined BenefitDefined Contribution

CRSP

Defined BenefitPaid out as an annuity at retirementFormula:

1.25% x DAC at retirement x years of service in the CRSP plan

2% annual increase after retirement

CRSP

Defined Contribution

3% of compensation

Paid as cash at retirement

CRSP billing

Church is billed 12.22% of pastor’s compensation

3% for Defined Contribution 9.22% for Defined Benefit

Invoiced monthly via paper statement from the conference office.

UMPIP – United Methodist Personal Investment Plan

Optional Additional funds for retirement Set up at anytime Before-tax or After-tax contributions %age or $ basis “Hardship” withdraws allowed Accessible at age 59 ½ You can direct the investment

CPP

Clergy Protection PlanDeath and DisabilityFull time clergy only

CPP death benefits

Death of active full time clergy:

$50,000

Death of retired clergy:

30% of DAC at time of death

Spouse and dependent death benefits

CPP Disability

Must have 2 years in plan Can apply for benefits if unable to work for

at least 6 months due to disabling condition

Determination is made by GBOP 70% of compensation, paid monthly

CPP continued:

Optional Life Insurance Plan for Clergy enrolled in CPP

Enrollment through General Board open enrollmentSeptember 2010

HealthFlex

Full time Elders, Associate Members and Local Pastors – mandatory

Church pays for Clergy Umbrella Plan – includes:

Medical: United HealthCare Dental: Cigna Pharmacy: Medco Mental Health: United Behavioral Health Vision: VSP (Vision Service Plan)

HealthFlex

Optional dependent coverage – clergy responsible for payment

Billing is sent to the church Cost:

Clergy $675/month1 Dependent $604/month Family (more than 1 dependent) $953/month

HealthFlex

EligibilityMust enroll within 30 days of becoming full

timeDependent enrollment available:

Within first 30 days of eligibility Open enrollment – month of November Within 30 days of qualifying event

Including spouse losing other coverage Include dependent premium on Line 10 of Pastoral

Support Form

2010 Wellness Programs

Again for 2010! Virgin HealthMiles – pedometer

Earn up to $300

Must enroll to receive incentives for 2010

www.virginhealthmiles.com

HEALTHQUOTIENT (HQ)Must complete the HQ by August 31, 2010 or you will be accessed a deductible surcharge of $250/individual, $500/family in 2011

Go to http://www.gbophb.org/ and click on Healthflex/WebMD to get started

Receive 500 Healthmiles upon completion

2010 Wellness Programs

Procheck ScreeningComplete at Annual Conference and receive 2500 Healthmiles if enrolled in HealthFlex.

A Procheck Screening is a blood test. Provides information about:

Cholesterol Levels, Heart Disease Risk, Stroke Risk, Diabetes Risk And Management, Thyroid Abnormalities, Kidney Disease, Anemia Or Iron Overload, Liver Disease, And Prostate Cancer In Men

2010 Wellness Programs

Salary Reduction

Medical Reimbursement Account (MRA) Dependent Care Account (DCA)

Sign up during Open Enrollment (November)Line 9a and 9b of Pastoral Support FormBilled to church on invoiceMaximum of $5000/year

Healthcare Reform

Changes for 2011Coverage of dependents until age 26

regardless of student/dependent statusLifetime limit removed

Full Time or Part Time

For purposes of determining benefits – Full or part time status is based on

compensationCompensation is

Salary (line A) + Housing (line B),

or

Salary (line A) + Parsonage

On your Pastoral Support form

Full Time or Part Time

Full time compensation in 2010:Local Pastors - $40,807

Provisional Member - $41,807

Full Member - $42,370

Travel & Professional Expenses

Not included in calculation of full-time/part-time compensation

Include on Line 13 of Pastoral Support Form

Reimbursable expense, not divided by 12 and paid out

Moving Policy

Obtain at least 2 bids Consult with receiving church Church can apply for up to $1500 in

expense reimbursement Pages F-31 & 32 of 2009 Journal Contact Karen McNeely for reimbursement

Review

Full time clergy benefits:

CRSP (pension plan – PT and FT))

CPP (death and disabilty – FT only)

HealthFlex (health insurance – FT only)

Review

Part time clergy benefits

CRSP

Review

Full time or part time?Determined by compensation

Compensation: Salary + Housing /Parsonage Line A and Line B on Pastoral Support Form Travel & Professional not included

Review

Must enroll for benefits within 30 days of eligibility

Get enrollment materials from Trudy McManus or your district office

The Connection

Local Pastors connect to their District office

Elders and Deacons connect to Conference office

Orders and Chair of the FellowshipJim Downing, Order of the ElderBeth Freeman, Order of the DeaconDave Hackett, Chair of the Fellowship

Resources

Conference OfficeClergy Relations & Benefits573-441-1770, or toll free 877-736-1806Trudy McManus, ext 211Email: Tmcmanus@moumethodist.orgBenefit packets available

Resources

General Board of Pensions and Health Benefits Toll Free: 800-851-2201

Website: www.gbophb.org