Clergy Pension Plan
Benefiting clergy while they are working and when they retire
The Church Pension Fund provides pension and related benefits to Episcopal clergy, their eligible surviving spouses and adult beneficiaries and dependent children. With this 'defined benefit' plan, retirement benefits are determined at the time of retirement, based on compensation and years of service, and they are assured for the duration of retirement.
About your information with the Church Pension Fund
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Request an estimate of your pension benefit.
Assessments and clergy compensation
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Retirement options include:
- Normal Retirement at age 65
- Early Retirement
- 30-year Early Retirement
- Disability Retirement
- Mandatory Retirement at age 72
Benefits include:
- Monthly pension benefit
- Disability protection
- Surviving children's benefit
- Life insurance
- Lump sum death benefit
- Surviving spouse and adult beneficiary benefit
- Zero option benefit for spouse
- Christmas benefit
- Resettlement benefit
- And more
How it works
The fund consists of pooled contributions from employers of all paid clergy working in the Episcopal Church and its agencies, assessed at 18% of assessable compensation. By pooling investments, CPF is also able to provide life insurance, disability benefits and other financial security to participating clergy who are not yet retired.
Wherever clergy work within the Episcopal Church, they carry their pension and other benefits with them.
Are you saving for retirement?
Achieve your financial goals for retirement and defer taxes at the same time. Learn about 403(b) and annuity plans through CPG.