Helping your Employees on the Road to Financial Wellness
Pension Fund offers the below 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 the necessary agreement(s)*.
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-403(b)
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 By contributing to a TDRA, they are able to lower taxable income and defer taxes until funds are withdrawn in retirement.
The 457(b) Plan* is a deferred compensation plan that allows maximum flexibility to design eligibility and contribution terms for employees. With the 457(b) Plan, employers can attract and retain top talent and/or supplement existing retirement programs, such as the Pension Plan and Tax-Deferred Retirement Account (TDRA).
*Eligible employers include: colleges, universities, seminaries, benevolent care centers, and non-steeples.
*All participating organizations that want to offer an employer-sponsored product, must have a completed participation agreement and for the 457(b) Plan an adoption agreement.
Help Your Employees Save Even More
In addition to our employer-sponsored products, Pension Fund offers three additional savings products that will help employees meet their retirement savings goals. Click the below links to learn more: