Estimate how much of your retirement savings you can spend
Develop a measure of confidence around how long your savings will last
Build a retirement spending budget
If you are planning to retire shortly after you get married, or if you married after you had already stopped earning Credited Service under the Clergy Pension Plan, your spouse may not be eligible for benefits. We strongly recommend that you carefully consider whether to retire if you have not earned at least 12 months of Credited Service while married.
Once you have commenced your benefit under the Clergy Pension Plan, you may not change the form of payment or your beneficiary designation under any circumstances. In addition, if your beneficiary predeceases you after you retire, you cannot name a new beneficiary as a replacement. In that case, no survivor benefit is payable, even if you later remarry.