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.