fall-house

Clergy Housing Ruling

On March 15, 2019, in Gaylor v. Mnuchin the Seventh Circuit Court of Appeals upheld the constitutionality of the clergy housing allowance set forth in section 107(2) of the Internal Revenue Code (the “Code”). That section allows certain religious leaders to exempt church approved housing allowances from their taxable income.

The decision by the three-judge panel was unanimous, thus putting at ease for the moment the concerns of thousands of ministers and other religious leaders.

Observing a Century of Service

When The Church Pension Fund (CPF) began operations in 1917, Bishop William Lawrence set out to create a pension fund that would enable clergy to retire with dignity. Since then our charter has expanded to include other products and services, and to cover lay employees who are critical to the Church’s ability to fulfill its mission.

A century later, Bishop Lawrence’s intention lives on in our vision, which is to provide our clients with the highest possible level of financial security in retirement consistent with exemplary financial stewardship on our part and with the evolving needs of the Church.

Learn more about how CPF continues to serve the changing needs of the Church.

Webinar—Lay Retirement Readiness

Learn about findings from CPG’s research on Episcopal Church lay employee retirement readiness.