Home | Finance & Benefits | Clergy Pensions

CLERGY PENSIONS

Upcoming Events

Live from Wespath Returns April 30
Registration is now open for Live from Wespath, a no-cost virtual event exclusively for UMC clergy and lay employees on Wednesday, April 30 at 12:00 p.m. EST. This engaging event features information and insights from Wespath about the new Compass clergy retirement plan, investments, benefits, and well-being to you with navigating benefits and maximizing opportunities within the general UMC environment. View the agenda here.

Your registration allows you to participate in the entire event or simply drop in for the segment(s) that interest you the most. Live from Wespath will run approximately 4 hours. For those who cannot attend on April 30, a recording of the event will be available 3 to 5 business days later for you to view at your leisure.

---

East Ohio Conference Clergy Pensions

United Methodist Personal Investment Plan (UMPIP)

• UMPIP Overview
• UMPIP Plan Summary

Clergy Retirement Security Program (CRSP)

Clergy Serving 100% Time and 75% Time
Pastors serving 100% time & 75% time (¾-time) are 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 Contribution 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
Pastors serving 50% time (½-time) and 25% time (¼-time) are not eligible for the Clergy Retirement Security Program (CRSP).

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 Robin Whitacre, Benefits manager.