revitup! for a Lifetime in Ministry Offers Scholarship Opportunities and Daycare Again at This Year’s Event
Wespath is hosting a revitup! for a Lifetime in Ministry educational event for young clergy ages 39 and under, November 12-14, 2018 in Pensacola Beach, Florida. This event serves to strengthen personal, financial and leadership skills in order to sustain a lifetime in ministry.
The UMC Initiative to Address Economic Challenges Facing Pastoral Leaders is once again offering a limited number of scholarships for first-time attendees of revitup! These scholarships are provided through a Lilly Endowment grant which seeks to strengthen personal and congregational financial stewardship leadership. The opportunity includes complimentary registration and two nights at the host hotel. Requirements for consideration are available on the website at Wespath.org/events/revitup/ and include:
- An online survey, and
- Completion of the EY financial assessment survey.
Please share information about this scholarship with the young clergy in your conference, and consider partnering with the scholarship opportunity to help cover the costs of travel for your young clergy to attend this important educational event.
To make it easier for young clergy, complimentary childcare will be provided by a licensed, fully-insured, background-checked, uniformed and CPR & First Aid certified team. Hours of service will be during the day while classes are in session. Age-appropriate activities, games, toys and snacks will be provided.
UMPIP Automatic Features Begin in 2018
New Tool: Clergy Compensation Calculator
Want to know how much to budget for your church’s pension costs? The Clergy Compensation Calculator on the Treasurer’s Office Pension website can provide the answers you’re looking for. This tool performs the mathematical functions of the Clergy Compensation Worksheet without interfering with official compensation reports. Pastors, Finance Committee and SPRC members (anyone, really!) can run any number of compensation package scenarios to learn how different choices will impact the church’s pension budget line items and the pastor’s pension-related payroll withholdings. For questions, contact JoAnna Ezuka, Pension Program Administrator, at email@example.com.
Accessing Retirement Funds
Considering withdrawing your retirement money to meet a current financial need? The United Methodist Personal Investment Plan (UMPIP) is designed to provide retirement income. During difficult economic times, however, participants may feel forced to access these funds to relieve immediate financial obligations. This article describes and compares two methods of withdrawing money from your UMPIP account prior to retirement.
Trying to Make Sense of the Church Pension Plans?
Download the Clergy Pension Benefits Guide 2019 for answers to the most commonly asked questions and current years’ pension rates. See the Pension Plan History outline for previous years’ CRSP and CPP billing rates.
EY Introduces New Website and Financial Wellness Assessment
EY has upgraded its Financial Planning Center website for Wespath participants to better serve you. See what the new website now has to offer here.
Online Access to Your Pension Benefits
Benefits Access is the website designed to help participants in Wespath-administered retirement accounts manage their benefits and prepare for retirement. The website offers enhanced security, tools to project pension benefits in retirement, the ability to view and update beneficiary designations, online applications for in-service loans and post-retirement benefit elections, electronic delivery for statements and Hark! newsletters, and other educational resources.