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Residents in Ministry

Residents in Ministry. 2011 Missouri 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.

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Residents in Ministry

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  1. Residents in Ministry 2011 Missouri Conference of the United Methodist Church

  2. Clergy Relations & Benefits Caring for those who serve

  3. Pension • All active clergy – full time, part time, student local pastor • Church is invoiced monthly from Conference

  4. Pension Plan • CRSP – Clergy Retirement Security Program • General Board of Pensions and Health Benefits is the administrator • 2 components to the plan: • Defined Benefit • Defined Contribution

  5. CRSP • Defined Benefit • Paid out as an annuity at retirement • Formula: 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

  6. CRSP • Defined Contribution 3% of compensation Paid as cash at retirement This amount does show up on your quarterly statement

  7. 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.

  8. 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

  9. 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

  10. CPP • Clergy Protection Plan • Death and Disability • Full time clergy only

  11. 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

  12. 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

  13. CPP continued: • Optional Life Insurance Plan for Clergy enrolled in CPP • Enrollment through General Board open enrollment • September 2011

  14. 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)

  15. HealthFlex • Optional dependent coverage – clergy responsible for payment • Billing is sent to the church • Cost: • Clergy $730/month • 1 Dependent $653/month • Family (more than 1 dependent)$1030/month

  16. HealthFlex • Eligibility • Must enroll within 30 days of becoming full time • Dependent 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

  17. 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?

  18. 2011 Wellness Programs • Again for 2011! • Virgin HealthMiles – pedometer Earn up to $300 Must enroll to receive incentives for 2011 www.virginhealthmiles.com

  19. 2011 Wellness Programs 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 2012Go to http://www.gbophb.org/and click on Healthflex/WebMD to get started

  20. 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

  21. Salary Reduction • Medical Reimbursement Account (MRA) • Dependent Care Account (DCA) • Sign up during Open Enrollment (November) • Line 9a and 9b of Pastoral Support Form • Billed to church on invoice • Maximum of $5000/year

  22. Full Time or Part Time • For purposes of determining benefits – • Full or part time status is based on compensation • Compensation is • Salary (line A) + Housing (line B), or Salary (line A) + Parsonage On your Pastoral Support form

  23. Full Time or Part Time • Full time compensation in 2012: • Local Pastors - $43,235 • Provisional Member - $44,235 • Full Member - $44,798

  24. The Connection • Local Pastors connect to their District office • Elders and Deacons connect to Conference office • Orders and Chair of the Fellowship • Jim Downing, Order of the Elder • Beth Freeman, Order of the Deacon • Dave Hackett, Chair of the Fellowship

  25. 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

  26. Resources • Conference Office • Clergy Relations & Benefits • 573-441-1770, or toll free 877-736-1806 • Trudy McManus, ext 211, Jenny Gragg, ext 213 • Email: Tmcmanus@moumethodist.org, jgragg@moumethodist.org • General Board of Pensions and Health Benefits Toll Free: 800-851-2201 www.gbophb.org

  27. Q & A’s

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