residents in ministry 2011 missouri conference of the united methodist church
TRANSCRIPT
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Residents in Ministry
2011Missouri Conference of the United Methodist Church
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Clergy Relations & Benefits
Caring for those who serve
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Pension
All active clergy – full time, part time, student local pastor
Church is invoiced monthly from Conference
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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
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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
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CRSP
Defined Contribution
3% of compensation
Paid as cash at retirement
This amount does show up on your quarterly statement
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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.
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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
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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
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CPP
Clergy Protection PlanDeath and DisabilityFull time clergy only
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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
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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
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CPP continued:
Optional Life Insurance Plan for Clergy enrolled in CPP
Enrollment through General Board open enrollmentSeptember 2011
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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)
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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
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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
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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?
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2011 Wellness Programs
Again for 2011! Virgin HealthMiles – pedometer
Earn up to $300
Must enroll to receive incentives for 2011
www.virginhealthmiles.com
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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
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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
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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
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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
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Full Time or Part Time
Full time compensation in 2012:Local Pastors - $43,235
Provisional Member - $44,235
Full Member - $44,798
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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
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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
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Resources Conference Office
Clergy Relations & Benefits573-441-1770, or toll free 877-736-1806Trudy McManus, ext 211, Jenny Gragg, ext 213Email: [email protected],
[email protected] General Board of Pensions and Health
BenefitsToll Free: 800-851-2201 www.gbophb.org
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Q & A’s