Left Navigation

 

Normal Retirement

For clergy who are eligible for pension benefits, normal retirement:

Remember: Credited Service is not the actual amount of years you have worked for the Church, but rather the number of years assessments have been paid on your behalf.

Pension Benefit Calculation

If your HAC is greater than or equal to $10,000, your pension benefit is calculated as:

HAC x 1.6% x CS
+
$10,000 x 1.15% x CS
------------------------------------------
= Total Annual Retirement Benefit

If your HAC is equal to or less than $10,000, your pension benefit is calculated as:

HAC x 2.75% x CS
------------------------------------------
= Total Annual Retirement Benefit

Example

When the Rev. K. Boater retires at age 65, with 40 years of CS and HAC of $50,000, his pension benefit will be calculated as:

50,000 x 0.016 x 40
+
10,000 x 0.0115 x 40
------------------------------------------
= $36,600 per year

Please note: This amount will be adjusted based on the payment option Fr. Boater selects at retirement for a survivor's benefit, if any, for his spouse.  For the Payment options available for surviving spouses, see Surviving Spouse Benefits.

The information on this page relates only to clergy who are canonically resident in the United States. If you are canonically resident in a non-domestic diocese, please contact Client Services for details about your benefit.

Pensions Disclaimer

Right Rail

Will the Clergy Pension Plan changes impact me?

  • These revisions will not change your monthly pension check if you are already retired or if you retire before January 1, 2018.
  • Benefits to your survivors may also be affected, but without reducing the overall value of their benefits. 
  • Are you planning on getting married? The Marriage After Retirement option will be eliminated effective January 1, 2018.

Click here to learn more.

Need Help?

Call us for assistance
(866) 802-6333
Monday – Friday
8:30AM – 8:00PM ET
(excluding holidays)