Defined Benefit Plan
The Episcopal Church Lay Employees' Retirement Plan
The defined benefit pension plan assures lay employees a base annual pension, determined at the time they retire. The benefit will not decrease, even if financial markets decline.
Employees may join only if your church organization participates in the plan and if they:
- Have been employed for one full year
- Work at least 1,000 hours a year
- Are at least age 21
Participating employers must enroll everyone who is eligible.
Employees who change jobs within the church may take their pension benefits with them in many cases.
The amount of benefits depends on each employee's compensation and length of service. The longer an employee participates in the plan, the greater the benefits.
To enroll your church organization in the plan, download the Defined Benefit Retirement Plan Employer Application and send it to:
The Church Pension Fund
445 Fifth Avenue
New York, NY 10016
Attention: Pension Services
| Forms and Publications | View |
|---|---|
| Defined Benefit Retirement Plan Employer Application For Membership | |
| Employer's Frequently Asked Questions | |
| Summary Plan Description |
