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Compensation Levels for Determining CRSP Eligibility for Part-time Clergy

 

All clergy appointed at half-time or greater are eligible for CRSP. Eligibility for clergy is based on compensation levels. Clergy paid within the 1/2 time or greater level are automatically eligible for CRSP. 

 

Clergy may opt out of CRSP but they must do so by submitting a notarized pension waiver within 60 days of their appointment.  

With no parsonage provided

(add Base Comp + Utilities + Housing Allowance)

< ¼ time= $12,750 - $13,103; ¼ time= $13,104-$26,207; ½ time=$26,208- $39,310; ¾ time begins at $39,311

FT is according to Minimum Compensation/Benefits Requirements and Cabinet appointment ( 2022 FTLP Base Compensation is $34,815; Housing is $17,600; Total is $52,415 plan compensation for CRSP & CPP calculations)

With parsonage provided

(add Base Comp + Utilities)

< ¼ time= $12,750; ¼ time= $12,751-$21,759; ½ time=$21,760 - $32,638; ¾ time begins at $32,639

FT is according to Minimum Compensation/Benefits Requirements and Cabinet appointment (2022 FTLP Base Compensation is $34,815; 25% for value of parsonage = $8,704; Total is $43,519 plan compensation for CRSP & CPP calculations)

All CRSP Pension & CPP Payments are the responsibility of the employer (church)

 

Clergy Retirement Security Program (CRSP)

  •  Defined Benefit (DB) – full time = $5,745. Less than full time is in corresponding increments, i.e. ½ time = $2,872.50; ¾ time = $4,308.75
  • Defined Contribution (DC) – 3% of Plan Compensation

Clergy in CRSP will automatically be credited with 2% of CRSP DC employer payment.

Clergy must contribute at least 1% of Plan Compensation to UMPIP to receive credit for final 1% of employer CRSP DC payment

Comprehensive Protection Plan (CPP)

All Deacons & Elders appointed at 3/4 time are enrolled in CPP at 3% of Plan Compensation.

Clergy appointed as less than ½ time are not eligible to be enrolled in CRSP; however, these clergy may make personal contributions to their UMPIP account