UMPIP Initial Automatic Enrollment Notice
Attached is the revised UMPIP Contributions Elections form, effective January 1, 2018. Please read the form carefully and contact the Treasurer’s Office with any questions.
November 13-15, 2017
An energizing event for young clergy to strengthen personal, financial and leadership skills that can improve your life and sustain your ministry. Spouses and children welcome! Continuing Education Units can be earned by attending.
Scholarships available! This opportunity includes complimentary registration and two nights at the host hotel if the recipient agrees to the following requirements:
- Participate in an online survey and
- Complete the EY (Ernst Young) financial assessment survey prior to attending the event in November.
These two steps will also confirm your eligibility for other support and/or incentives after the conclusion of this event.
If you are interested in receiving a scholarship to attend revitup! and agree to the requirements, utilize the code provided during the registration process. For questions, contact Renee Smith-Edmondson, Manager of Meetings and Events at firstname.lastname@example.org or Bonnie Marden, UMC Lilly Endowment Grant Project Manager at email@example.com.
Childcare available! New this year is a Caring for Kids program at revitup! 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. Childcare at revitup! this year is complimentary.
For more event details and registration, visit Wespath Events.
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 firstname.lastname@example.org.
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 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.