Helping your Employees on the Road to Financial Wellness
Pension Fund offers two employer-sponsored retirement savings products for clergy and lay employees of congregations, regions, general ministries and church-related colleges, seminaries and organizations. If interested, please contact your dedicated Area Director to complete a participation agreement*.
An employer-sponsored defined benefit plan, the Pension Plan guarantees a monthly retirement benefit for your employee's lifetime (and their surviving spouse’s lifetime).
Tax-Deferred Retirement Account
The Tax-Deferred Retirement Account (TDRA), also known as a 403(b)(9) plan, is an employer-sponsored retirement savings plan that allows eligible employees to set aside a portion of their salary on a pre-tax basis to save for retirement. By contributing to a TDRA, they are able to lower taxable income and defer taxes until funds are withdrawn in retirement.
*All participating organizations that want to offer an employer-sponsored, must have a completed participation agreement on file.