- 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.