Episcopal Church employers may choose between two kinds of pension plans for lay employees:
Defined contribution plan
The Episcopal Church Lay Employees' Defined Contribution Retirement Plan is a 401(a) and 403(b) plan. Employers contribute a percentage of salary, and employees may also contribute up to the limits set by the IRS.
Individuals may allocate funds among several investment options. Benefits vary based on investment performance.
Further details:
For lay employees
For employers
Enrollment package
Defined benefit plan
The Episcopal Church Lay Employees' Retirement Plan is a defined benefit pension plan.
Benefits are based on compensation and length of service, and are determined at the time of retirement. Benefits are assured for the duration of retirement and will never decrease.
Employers pay a percentage of salary toward each lay employee's pension. Employees may not contribute, but may wish to supplement this benefit with contributions to the Retirement Savings Plan.
Need help?
Call Pension Services
(866) 802-6333
Monday - Friday
8:30 a.m. to 4:45 p.m. (Eastern)
or email us
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