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Life Changes

Notify The Church Pension Fund as soon as possible of any changes related to you or your beneficiaries.

Marriage

Normal Retirement

If you are an active participant and die before you retire and were eligible for Normal Retirement, the benefit payable to your eligible surviving spouse will be based on your actual years of Credited Service.

Early Retirement

If you are an active participant and die before you retire and were eligible for Early Retirement, your surviving spouse will be eligible to receive pension benefits if:

  • You were legally married at the time of your death,
  • You and your spouse were married for at least one year at the time of your death, and
  • Your assessment payments were up-to-date at the time of your death.

If your surviving spouse if eligible to receive a benefit, he or she will receive half the benefit you would have received if you had been retired at the time of your death. The benefit will be calculated using a minimum of 10 years of Credited Service or your actual years of Credited Service, whichever is greater.

At the time of retirement, you may choose to reduce your own benefit to provide a benefit to your spouse or other beneficiary after your death.

Divorce

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

Call Client Services at (866) 802-6333 Monday - Friday, 8:30AM – 8:00PM ET (excluding holidays) with any questions.

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)

 

Need Help?

If you have questions about your options or the documents on this page:

Email us
Call (212) 592-4279
Monday – Friday
9:15AM – 5:00PM ET
(excluding holidays)