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NC Conference

Healthy Congregations and Effective Leaders in Every Place Making Disciples of Jesus Christ for the Transformation of the World

Pension

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.

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.

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.

Roth Contribution Option is Here!

This year participants in the United Methodist Personal Investment Plan (UMPIP) have a new opportunity for retirement savings.  Read more about the Roth option here.

Upcoming Event:
-Revitup!
Pensacola, Florida
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 welcome!  Continuing Education Units can be earned by attending.
For more event details and registration, visit Wespath Events.  Contact Amie Stewart (astewart@nccumc.org / 1-800-849-4433 ext. 245) in the Conference Ministerial Relations office for information about scholarships to support you in attending these 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 jezuka@nccumc.org.