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Your Benefit

You can begin receiving your benefit as soon as you retire. The amount you receive depends on the value of your account balance. Your options include:

  • Maintaining your savings in the plan until you decide to withdraw some or all of your funds
  • Receiving a lump sum payment
  • Receiving monthly,  quarterly, semi-annual, or annual installments
  • Rolling over your account balance into another retirement plan, IRA, or Roth IRA

If You Leave Your Church Employment Before You Retire

  • You can roll over your account balance to another retirement plan, IRA, or Roth IRA.
  • You can leave your account balance in the Defined Contribution Plan until you are 70 ½ years old.
    • At age 70 ½ you must start receiving annual minimum distribution payments.
  • You can take a distribution from your account, but you may be subject to the 10% tax on early distributions.

If You Become Permanently Disabled While You Are Employed by the Church

  • Your account balance will be payable to you with the 10% tax on early distributions waived.
  • Liberty Mutual*, which as been designated as The Church Pension Fund Medical Board for the Lay Defined Contribution Plan, must certify the disability.

When You Die

  • Your account balance will be payable to your beneficiary or estate.

* The Liberty Life Assurance Company of Boston (Liberty Mutual)

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)