Paying Assessments - Clergy Pension Plan
Making Benefits Payments
Church employers are required by Canon law to pay pension assessments on behalf of clergy, based on their compensation. Both The Church Pension Fund and clergy rely on you for timely assessment payments and accurate information.
Benefits Bill Pay is Live!
Administrators now view, approve, and pay pension and group health, group life, and disability benefit invoices online using the new Benefits Bill Pay feature in My Admin Portal (MAP).
Checks are no longer accepted for payment.
To help ensure your bank does not block payments, you may need to provide them with the following information. Some banks have digital safeguards that may flag or restrict payments to new or unfamiliar vendors unless pre-authorized:
- Originating company name: Paymentus
- Originator ID: 0000000160
Clergy Pension Plan Assessments
- The current assessment rate is 18% of a cleric's total assessable compensation.
- Assessment payments keep clerics' participation in The Clergy Pension Plan active and up-to-date.
- The Church Pension Fund sends monthly assessment notices to employers.
- Assessments are billed in advance and payable when billed.
- Late payments may jeopardize benefits and may result in interest charges.
See Cost of Coverage in A Guide fo Clergy Benefits for more information.
Late Payments
- Assessments are payable when billed.
- The Church Pension Fund reports the status of assessment payments and compensation information monthly to dioceses.
- Late payments may jeopardize benefits and may result in interest charges.
- Each assessment payment adds to the cleric's Credited Service. Clergy will not earn Credited Service for periods of service for which assessments are not paid.
Please note: Credited Service is based on compensated service for which assessments are paid, not years of service to the Church.
See Cost of Coverage and Eligibility for more information on how late payments can impact the benefits available to clergy under the Clergy Pension Plan.
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