To access your RSVP account, click here
To find out more about your investment and distribution options, see RSVP in Transition.
No. The Board of Trustees grants cost-of-living increases at its discretion. This decision is made annually and communicated to all plan participants by mid-December. For information about cost-of-living increases for the current year, see COLA.
The funding ratio, which is calculated by dividing the plan’s assets by its actuarially determined liabilities, is a measure of the financial strength of a pension plan. A funding ratio of 1.00 means a plan is 100% funded because the assets are at least equal to the actuarially determined liabilities, even with the cost of the discretionary COLA factored into the actuarial assumptions.
You may exclude from taxable income the portion of those benefits that are used for housing expenses. For details, please download:
The monthly earning statement you receive from Northern Trust includes a section for choosing federal and state withholding. To begin or change your withholding, make the appropriate election on the statement and return it no later than the 15th of the month to:
The Church Pension Fund
c/o Client Services
19 East 34th Street
New York, NY 10016
Can I choose another beneficiary if my spouse was eligible for survivor's benefits and dies before I do?
- If you marry after retirement, your new spouse is not a beneficiary of the Clergy Pension Plan. However, you may purchase a survivor's benefit for your new spouse by permanently reducing your lifetime benefits to reflect the actuarial cost of your survivor's benefit. This election is irrevocable and must be made within 180 days of your marriage.
Can I elect another beneficiary if I elected the 10- or 15-Year Certain & Continuous Option and my designated beneficiary has died?
Yes, as long as the 10- or 15-year "certain" period has not expired. For example, if you elected the 10-year Certain and Continuous Option on July 1, 2004, and your beneficiary dies on April 14, 2007, you can choose another beneficiary because the "certain" period will not expire until July 1, 2014.
No. The lump sum death benefit is only available to eligible plan participants who have not retired.
If I receive a very small monthly benefit from the plan, can I cash it out and receive a lump sum payment?
No. The Clergy Pension Plan provides you with monthly benefits for life and, if applicable, for the life of your spouse or named beneficiary.
If you die before age 65 while receiving a Disability Retirement Benefit, your eligible surviving spouse or other named beneficiaries will receive a pre-retirement survivor’s benefit. This pre-retirement survivor’s benefit is generally equal to 50% of the pension benefit you would have received at your normal retirement date based on your projected Credited Service to age 65 and your Highest Average Compensation.
For details on pre-retirement benefits, please visit Survivor’s Benefits (in the Active Clergy section of this website).
No. Upon retirement, you must name an individual as the beneficiary of any retirement benefit option you choose.
If you believe that you have been denied a Disability Retirement Benefit that you are due under the Clergy Pension Plan, you have the option to file an appeal. Download information on the claims and appeals process.