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. Participating employers must enroll everyone who works at least 1,000 hours a year.
As of December 31, 2012, you may no longer require an employee to work 12 months before you contribute to the plan.
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 |
|---|---|
| Guide to Benefits: Lay Defined Benefit Plan |  |
| Reference for Administrators: Lay Defined Benefit | |
| Employee Application | |
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