Notify The Church Pension Fund as soon as possible of any changes related to you or your beneficiaries.
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.
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.
- A Qualified Domestic Relations Order (QDRO) gives your former spouse the right to receive all or a portion of your pension benefits.
- Refer to the QDRO Procedures for DB Plan and Model QDROs for the Lay DB Plan.
- A QDRO has tax and legal benefits – discuss this with your lawyer.
- Your QDRO is subject to approval by The Church Pension Fund's Office of the General Counsel.
- We cannot provide information regarding your pension benefits to a third party unless you execute a Consent Form.
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.