Pension & Retirement Benefits
For all information on pension & retirement benefits please visit the General Board of Pension & Health Benefits website: Click here.
The Conference’s contribution to CRSP DC (Defined Contribution) accounts has been reduced from 3% to 2%. To offset this reduction, clergy should be making personal contributions of at least 1% of their plan compensation to the UMPIP to earn up to an additional 1% CRSP DC matching contribution. It is essential that clergy understand the importance of making personal contributions to their UMPIP (United Methodist Personal Investment Plan) accounts.BOPHB FY17 Report
Lay Employee Retirement Benefits
Lay employees of local churches and agencies of The United Methodist Church are eligible to participate in the United Methodist Personal Investment Plan (UMPIP). GBOPH UMPIP info: Click here
download id=”2998″] For more details, contact the Conference Benefits Officer, Anna Marshall.
Life Insurance & Disability Protection
Death and Disability Protection – Active Clergy
Comprehensive Protection Plan (CPP) – Provides disability, death and other supplemental benefits to participating clergy and their families. This is a mandatory plan for all clergy serving in a full-time appointment.
2018 CPP Benefits – Life Insurance & Disability Benefits
UMLifeOptions Clergy Supplemental Life Insurance – Provides supplemental life insurance plans for eligible clergy. Clergy eligible for and enrolled in the CPP are automatically enrolled in the Clergy Supplemental Life Insurance plan upon appointment. The benefits include $50,000 life insurance and $50,000 Accidental Death & Dismemberment for the active clergy participant, and $5,000 life insurance for the spouse of the active clergy participant. The benefits in this plan are in addition to the life insurance provided to the active clergy through the CPP.
UMLifeOptions Optional Life Insurance Plan – Provides an opportunity for eligible active clergy to purchase additional life insurance for themselves, their spouse and eligible children. This is in addition to the life insurance provided by the conference through the CPP and the Clergy Supplemental Life Insurance Plan.
Death and Disability Protection – Lay Employees
UMLifeOptions Provides long-term disability and life insurance plans to eligible lay employees. This plan is available for lay employees through the General Board of Pension & Health Benefits. Local churches may elect to adopt this plan to provide a life insurance benefit, disability income protection, or both, for their lay employees. Local churches can contact Anna Marshall in the New Mexico Conference Office if they are interested in sponsoring this plan.