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Defined Benefit Plan

Defined Benefit Plan

Plan Details

  • The plan has a five-year vesting schedule. Your benefit is not tied to how the financial market is performing.
  • Your employer contributes a base of 9% of your compensation to the plan.
  • Your benefit amount depends on how long you work and how much you earn and whether your assessments are fully paid.
  • If your employer participates in the Defined Benefit Plan, you are eligible to participate if you meet the plan's minimum requirements.
  • To enroll, submit an Employee Application for Membership to your employer.
  • All contributions are made by your employer – you cannot contribute to the Defined Benefit Plan, but there are other options for saving for retirement:
  • If you change jobs within the Church, you can take your vested pension benefit and years of Credited Service with you. (To receive a monthly benefit, you must be eligible for retirement.)
  • You may elect to have your monthly benefit paid by direct deposit to your bank account.
  • You may be eligible for Disability Retirement if you become seriously injured and:
    • You were an active lay employee of a participating church employer when the injury occurred,
    • Your assessment payments are current,
    • You apply for Disability Retirement from your employer, and
    • Liberty Mutual*, which has been designated as The Church Pension Fund Medical Board for the Lay Defined Benefit Plan, certifies that you are totally and permanently disabled.

For details, please refer to A Guide To Benefits Under the Lay Defined Benefit Plan

* Liberty Life Assurance Company of Boston (Liberty Mutual)


The Lay Defined Benefit Plan is a qualified plan under Section 401(a) of the Internal Revenue Code, but as a church plan, it is not subject to ERISA. The plan's financial condition is disclosed in the Church Pension Group Annual Report.

The Church Pension Fund, as sponsor of this plan, continues to monitor the funding status closely. Like many defined benefit plans, the Lay Defined Benefit Plan currently is not fully funded. The Church Pension Fund retains the right to amend, terminate or modify the terms of the Lay Defined Benefit Plan, including the employer assessment rate, without notice and for any reason.

Pensions Disclaimer

Right Rail

Revisions to Lay DB and Lay DC Plans

The Church Pension Fund has announced revisions to the Lay DB Plan, Lay DC Plan, and the RSVP effective January 1, 2018.
 Learn more

If you are planning on retiring in 2018, contact CPG to schedule a discussion at 
(866) 802-6333
Monday – Friday
8:30AM – 8:00PM ET
(excluding holidays)