residents in ministry 2011 missouri conference of the united methodist church

Residents in Ministry

2011Missouri Conference of the United Methodist Church

Clergy Relations & Benefits

Caring for those who serve

Pension

All active clergy – full time, part time, student local pastor

Church is invoiced monthly from Conference

Pension Plan

CRSP – Clergy Retirement Security Program

General Board of Pensions and Health Benefits is the administrator

2 components to the plan:Defined BenefitDefined Contribution

CRSP Defined Benefit

Paid out as an annuity at retirementFormula:

1.25% x DAC at retirement x years of service in the CRSP plan

2% annual increase after retirement

This amount does not show up on your quarterly statement

CRSP

Defined Contribution

3% of compensation

Paid as cash at retirement

This amount does show up on your quarterly statement

CRSP billing

Church is billed 12.22% of pastor’s compensation

3% for Defined Contribution 9.22% for Defined Benefit

Invoiced monthly via paper statement from the conference office.

UMPIP – United Methodist Personal Investment Plan

Optional Additional funds for retirement Set up at anytime Before-tax or After-tax contributions %age or $ basis “Hardship” withdraws allowed Accessible at age 59 ½ You can direct the investment Billed to church by General Board

Pension consultations

Set up an appointment during Converge Projection of your pension funds Great way to financial plan September 13th, 8am-5pm Contact Jenny Gragg to set up

appointment

CPP

Clergy Protection PlanDeath and DisabilityFull time clergy only

CPP death benefits

Death of active full time clergy:

$50,000

Death of retired clergy:

30% of DAC at time of death

Spouse and dependent death benefits

CPP Disability

Must have 2 years in plan Can apply for benefits if unable to work for

at least 6 months due to disabling condition

Determination is made by GBOP 70% of compensation, paid monthly

CPP continued:

Optional Life Insurance Plan for Clergy enrolled in CPP

Enrollment through General Board open enrollmentSeptember 2011

HealthFlex

Full time Elders, Associate Members and Local Pastors – mandatory

Church pays for Clergy Umbrella Plan – includes:

Medical: United HealthCare Dental: Cigna Pharmacy: Medco Mental Health: United Behavioral Health Vision: VSP (Vision Service Plan)

HealthFlex

Optional dependent coverage – clergy responsible for payment

Billing is sent to the church Cost:

Clergy $730/month1 Dependent $653/month Family (more than 1 dependent)$1030/month

HealthFlex

EligibilityMust enroll within 30 days of becoming full

timeDependent enrollment available:

Within first 30 days of eligibility Open enrollment – month of November Within 30 days of qualifying event

Including spouse losing other coverage Include dependent premium on Line 10 of Pastoral

Support Form

How do I find a doctor/facility?

Go to www.myuhc.com Click on Find a Physician/Facility Complete lookup information (location, travel

distance, specialty, etc) In-Network vs Out-of-Network?

2011 Wellness Programs

Again for 2011! Virgin HealthMiles – pedometer

Earn up to $300

Must enroll to receive incentives for 2011

www.virginhealthmiles.com

HEALTHQUOTIENT (HQ)Must complete the HQ between August 1 and September 30, 2011 or you will be accessed a deductible surcharge of $250/individual, $500/family in 2012

Go to http://www.gbophb.org/ and click on Healthflex/WebMD to get started

2011 Wellness Programs

Quest Diagnostic ScreeningCould have completed at Annual Conference or at a local Quest Laboratory by July 31, 2011. Would receive $100 Healthcash if enrolled in HealthFlex & VHM.

A Quest Diagnostic Screening is a blood test. Provides information about: Cholesterol Levels, Heart Disease Risk, Stroke Risk, Diabetes Risk And Management, Thyroid Abnormalities, Kidney Disease, Anemia Or Iron Overload, Liver Disease, And Prostate Cancer In Men

2011 Wellness Programs

Salary Reduction

Medical Reimbursement Account (MRA) Dependent Care Account (DCA)

Sign up during Open Enrollment (November)Line 9a and 9b of Pastoral Support FormBilled to church on invoiceMaximum of $5000/year

Full Time or Part Time

For purposes of determining benefits – Full or part time status is based on

compensationCompensation is

Salary (line A) + Housing (line B),

or

Salary (line A) + Parsonage

On your Pastoral Support form

Full Time or Part Time

Full time compensation in 2012:Local Pastors - $43,235

Provisional Member - $44,235

Full Member - $44,798

The Connection

Local Pastors connect to their District office

Elders and Deacons connect to Conference office

Orders and Chair of the FellowshipJim Downing, Order of the ElderBeth Freeman, Order of the DeaconDave Hackett, Chair of the Fellowship

Continuing Education Funds

Funds available to clergy serving under appointment for continuing education

$900/quadrennium Dorothy Smith, facilitator for BOM Go to Conference website, BOM page to

find application, send to Dorothy Smith for approval

First-year RIMs can use these funds for your Peer Group materials

Resources Conference Office

Clergy Relations & Benefits573-441-1770, or toll free 877-736-1806Trudy McManus, ext 211, Jenny Gragg, ext 213Email: Tmcmanus@moumethodist.org,

jgragg@moumethodist.org General Board of Pensions and Health

BenefitsToll Free: 800-851-2201 www.gbophb.org

Q & A’s