Clergy Pension Plan
The Church Pension Fund Clergy Pension Plan for the Episcopal Church (Clergy Pension Plan) is a defined benefit plan.
The Clergy Pension Plan covers all ordained bishops, priests, and deacons:
- Who work for an Episcopal employer for at least three consecutive months and earn at least $200 a month (and are younger than age 67 at ordination),
- Who are canonically resident in a domestic diocese of the Episcopal Church, and
- Whose assessments are paid or, under special circumstances, waived
As a participant in the Clergy Pension Plan, you may be eligible for various benefits before and after retirement. These include (but are not limited to):
- Short term disability coverage (for active clergy)
- Group life insurance benefit
- Survivor’s benefits
- Access to The Episcopal Church Retirement Savings Plan (RSVP)
- Retirement options providing flexibility for when you can retire
- Medicare Supplement Health Plans
Your monthly retirement benefit is earned and secured for payment when you are vested under the Clergy Pension Plan, which occurs after you have earned five (5) years of Credited Service (CS). The amount of your monthly benefit is determined based on your years of CS and Highest Average Compensation (HAC).
- The amount of your monthly benefit is not tied to the investment performance of The Church Pension Fund.
For details about the full range of benefits available, see:
For more detailed information about the plan, see A Guide to Benefits Under the Clergy Pension Plan. You can also contact CPG for an individual personal discussion, and we can help answer any questions you may have.
Tips & Resources - CPF Pension Plan Basics
To save additional dollars for retirement, consider taking advantage of The Episcopal Church Retirement Savings Plan (RSVP). This is a is tax-deferred retirement savings plan that gives clergy in our defined benefit pension plan the option of contributing their own money toward their retirement savings. Learn more