Your comprehensive pension plan includes:
Discretionary cost of living increases
Periodically, the Church Pension Fund may increase your monthly pension benefit to keep up with increases in the cost of living. When increases are made based on inflation and other factors, they generally take effect in January.
Christmas benefit
Each December, you will receive an additional payment of $25 times your credited service up to 40 years.
Life insurance
If you are eligible when you retire, you will be covered by a life insurance policy equal to two times your highest average compensation plus $5,000, with a maximum value of $30,000 and a minimum value of $10,000. You may name anyone you wish as the beneficiary of this policy, and you may change the beneficiary at any time.