There are several changes that may happen:
- If you had previously waived from the United Methodist Personal Investment Plan (UMPIP), then as a full-time pastor your waiver will no longer be in effect. You will be mandatorily enrolled in the Clergy Retirement Security Program (CRSP). To learn more details about this pension plan visit the Wespath website.
- Full-time pastors are also mandatorily enrolled in the Comprehensive Protection Plan (CPP) death and long-term disability benefit. To learn more details about this plan visit the Wespath website.
- Full-time pastors are eligible to voluntarily enroll in the Transition Fund (TF). To learn more details about this plan visit the Treasurer’s Office Transition Fund website.
- All pastors are eligible to voluntarily enroll in the United Methodist Personal Investment Plan (UMPIP). This may be a good time to consider starting or increasing your contributions towards your retirement savings. To learn more details about this plan visit the Wespath website.