The Episcopal Church Lay Employees' Retirement Plan
- When can I retire?
- How much will my benefit be?
- When am I vested?
- What if I change jobs?
- What if I get divorced?
Throughout retirement, this defined benefit plan provides a base pension benefit determined at the time you retire. The benefit will never decrease, even if financial markets decline. If you participate in this plan, the amount of your benefit will depend on how long you work and how much you earn.
You may join if:
- Your employer participates in the plan
- You have been employed for one full year
- You work at least 1,000 hours a year
- You are are at least age 21
Participating employers must enroll everyone who is eligible. If you change jobs, you may take your pension benefit with you if you have been employed by the church for five years or more. Once you retire, benefits are paid monthly by direct deposit to your account or by check.
To enroll in the plan, complete an Employee Application for Membership with your employer.
| Applications | View |
|---|---|
| Guide to Benefits: Lay Defined Benefit Plan |  |
| Reference for Administrators: Lay Defined Benefit | |
| Employee Application | |
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