There are several changes that may happen:
- If you had previously waived from the Clergy Retirement Security Program (CRSP) pension plan, then as a full-time pastor your waiver will no longer be in effect. You will be mandatorily enrolled in the 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 Ministers’ Transition Fund (MTF). To learn more details about this plan visit the Treasurer’s Office Pension 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.