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Board Awards Record $190.2M Read Full Press Release

Pension Fund of the Christian Church

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As a church plan, Pension Fund is able to offer flexible and worry-free retirement options for employers and their employees. Our team of Area Directors will meet with you to discuss your needs and help you get started.

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Pension Fund's biennial conference that connects pastors to learn and discuss spiritual, health & financial wellness.

Employer-Sponsored Retirement Products

Overview

As a church plan, Pension Fund is able to offer flexible and worry-free retirement options for employers and their employees. Our team of Area Directors will meet with you to discuss your needs and help you get started.

Individual Savings & Retirement Products

Overview

Whether you’re just starting out or closer to retirement, choose from a variety of products to help you reach your retirement and savings goals.

Program Applicants

Ministerial Relief & Assistance

Our relief programs meet the evolving needs of new, active, and retired clergy and their families to ensure all ministers and lay workers can enjoy a strong, smart, secure retirement.

Supporters & Donors

Make An Impact with a Donation

Your gifts and financial support helps ministry workers in need bridge the unexpected from now until retirement (and beyond).

Resources

Overview

Discover planning and educational tools & resources to help you navigate your financial wellness journey.

Your Money Line

Pension Fund has partnered with Pete the Planner® to provide members with access to financial guides who will help answer your tough financial questions & online tools such as calculators and eLearning courses.

New Overtime Pay Rules Put on Hold

Pension Fund seeks to keep you informed of our ever changing landscape for employment and benefits. Yesterday, a judge in east Texas issued an injunction blocking the changes to the Department of Labor (DOL) definitions of non-exempt and exempt employees (the increase in the minimum salary requirements). These changes were due to take effect on December 1, 2016.

This leaves many of us asking 'What happens next?' The injunction is 'preliminary.' It provides the court with time to consider its final decision about whether the new regulations are legally permissible, and (arguably) avoids the problems that would be caused if the regulations were implemented and then retracted.

The Department of Labor faces an uphill battle with the Texas court and is considering its options. It could appeal the decision within 60 days (this timeframe may be extended). A Fifth Circuit judge could potentially stay the injunction pending a decision on the appeal. If the DOL does not appeal the preliminary injunction, the Texas District Court could still reconsider its reasoning for the preliminary injunction and decide not to issue a permanent injunction. If the court issues a preliminary injunction, the DOL could then appeal that decision.

Bottom line: Employers cannot rely on this preliminary injunction becoming permanent and should have a plan in place to implement necessary changes should a court lift the injunction.

One additional question is 'What do I do if we've already given a raise effective 12/1/16?' This is an ethical question that each employer will need to answer. Employers should keep in mind the need for a plan referenced above.

Specially, for the church, the DOL definitions do not apply to clergy under the ministerial exemption, for program staff who instruct the faith and church music staff.

Below are some resources for your consideration, keeping in mind Pension Fund does not offer legal or tax advice. However, you are free to share this with others.

http://churchlawgroup.com/resources/blog/new-overtime-regulations/
https://www.churchmutual.com/media/safetyResources/files/BestEmploymentPractices.pdf