Clergy Couple Retirement (81311-FA-NonDis)
The General Board of Pension and Health Benefits shall incorporate into the Clergy Pension plan additional policies as granted them by Discipline ¶ 1504.1. Local churches and agencies which participate in paying into the Church’s retirement plan, would be required to contribute into the appointed clergyperson’s pension the additional 25% of their base compensation, or whatever the going standard is being assessed to all other clergypersons living in a church-provided parsonage as determined by the GBPHB, for those appointments which are served by pastors that live in a parsonage provided by another charge and the appointment does not offer a housing allowance.
When Clergy couple (serving A and B) shares a parsonage provided by Church-A, the other clergyperson’s pension payment from Church-B does not include the housing addition extended to all other clergy. Assessing Church-B the standard 25% of their salary would end the 20% shortfall in their yearly pension pay-ins.