Participation in the pension plan offers financial protection for clergy and their families while they are working, as well as when they retire. Benefits1 include:
- Monthly pension benefit at retirement
- Disability protection for total and continuing disability
- Surviving spouse or second adult beneficiary benefit from 0% to 100% of the clergy pension, depending on the choice made at retirement
- Child benefits for surviving dependent children up to age 25, and for disabled children
- Life insurance up to $50,000 while active, up to $30,000 in retirement
- Lump sum death benefit of $5,000 for eligible clergy before retirement
- Resettlement allowance up to $20,000 to help with the transition costs of retiring
- Cost of living increases voluntarily provided by CPF to help maintain retirees' purchasing power
- Clergy Christmas benefit of $25 times credited service up to 40 years
1Subject to vesting and other eligibility requirements. In addition to pension benefits, CPF provides a health benefit for retired clergy who qualify.