The main features of the Plan are described below. The plan provides a benefit based on a predefined formula that takes into account your years of service with a participating employer and compensation history. Benefits are funded by employer contributions called Assessments. CPF is pleased to offer a defined benefit pension plan for eligible lay employees of The Episcopal Church.
You must be scheduled to work a minimum of 1,000 hours per year to be eligible to participate in the Plan. There is no minimum age or waiting period.
Vesting and Credited Service will be carried with you to any other participating employer.