Serving Those Who Serve The Church

The goal of MCC’s Board of Pensions is to maintain a well-managed fund and dependable service to licensed, ordained MCC Clergy who live in the United States. Working with eligible clergy and responsible financial advisors, we work to contribute a reliable, secure supplement to your overall retirement portfolio.

The UFMCC Defined Benefit Pension Plan and Trust is a secure retirement program that serves those who serve MCC churches in the United States. Our sole purpose is to serve our members: licensed, ordained clergy of the Metropolitan Community Churches who serve ministries in the USA.

The Board of Pensions pursues an investment strategy and portfolio that offers our participants secure, well-funded pension plans. Through sound investment advice and responsible plan administration, we seek to increase the value of pension benefits and protect our participants from market fluctuations.

Members of the Board of Pensions (USA)

 

Plan Administrator: Tammy Erwin      [email protected]

President: Rev. Tom Emmett              [email protected]

Vice-President: Keith Thompson         [email protected]

Treasurer: Tony Somora                      [email protected]

Clerk: Rev. Wesley Mullins                  [email protected]

Frieda Smith                                        [email protected]

Roland Stringfellow                            [email protected]

Gina Durbin                                        [email protected]

Opportunity to Serve on the Board of Pensions, USA (Layperson Position)


Opportunity to Serve on the Board of Pensions, USA (Clergy Position)

Download Icon BOP Opening Announcement (Adobe PDF)
(Updated: 8 January 2018)


 

Documents

The following are documents needed for clergy upon enrollment in the plan, and when they wish to receive the benefit. Also included below are the forms needed for quarterly contributions to the Plan. If you have any questions, please email the plan administrator ([email protected]).

Download Icon Beneficiary Form (Word)
(Updated: 6 April 2018)

Download Icon Payment Election Form (Word)
(Updated: 16 April 2019)






Frequently Asked Questions

What is the Defined Benefit Plan?

The Defined Benefit Plan is a pension plan that offers each participant retirement benefits based on a defined or predetermined formula based on years of credited service. (This is different from an IRA or 401k where a participant’s balance increases or decreases with the value of the investments.)

Who is eligible to join the Defined Benefit Plan?

Licensed MCC clergy serving in the U.S. and who have completed four consecutive years of service in an approved (AAA) ministry are automatically enrolled in the plan in their fifth year. After 10 years of participation, an individual is vested.

What Benefits can be expected from the Defined Benefit Plan?

UFMCC’s Defined Benefit Plan is intended to serve as a supplementary retirement benefit. It will not provide sufficient income to meet your retirement needs. The plan also provides benefits in the event of disability or death. You’ll need to plan for additional sources of retirement income.

How is the Plan funded?

The Defined Benefit Plan is funded from mandatory contributions from all MCC churches in the amount of $1.25 per member per month (paid quarterly). (Note: The General Conference has approved an annual increase of this amount by $0.25 per year until the per member per month contribution is $1.75. There is a chart on this webpage.)

How are Plan funds invested?

The plan consists of a balanced portfolio in professionally managed and monitored stocks, bonds, mutual funds and cash equivalents.  The Board of Pensions overseas investments and is guided by an Investment Policy that balances portfolio risk and reward. Remember, while we invest the funds, each participant’s benefit is based on years of eligible service, not the performance of the plan’s investments.

How do I enroll in the Defined Benefit Plan?

Clergy are automatically enrolled.  We strongly encourage newly enrolled clergy to provide us with a beneficiary form.  (IMPORTANT: Your beneficiary will receive your benefits in the event of your death. Your beneficiary designation cannot be overridden by your will or other documents. Make sure to keep your beneficiary information up to date.)

You may e-mail the form to [email protected] or by postal mail to:

UFMCC Board of Pensions (USA)
P.O. Box 50488

Sarasota, Florida 34232   USA

Please make sure you receive confirmation that we received it.

What Service is included in calculating a Clergyperson’s Pension Benefit?

Each year of service performed in the United States while you are a licensed clergyperson is included in your pension calculations. (Years of service prior to 2012 is excluded for clergypersons who failed to make the mandatory contributions those years because individual clergy contributions were required before 2012.)  Service performed outside the United States is excluded regardless of nationality.  Service while a clergy person is deployed or on active orders is included. These rules apply regardless of a Clergyperson’s citizenship, permanent residence or immigration status.  These service rules apply for calculating your benefit (“credited service”) or for purposes of your vesting (“vesting service”).  Clergy vest in their 10th year of service. Service in United States territories is considered service in the United States.

When can I draw my retirement benefits?

Plan benefits are normally distributed upon retirement at age 65 years. While benefits can be distributed as early as age 55, anyone taking their benefit prior to age 65 will have that benefit reduced. Anyone taking their benefit after age 65 will have the benefit increased. (This is because your benefit is based on years of service and IRS mortality tables. Your benefit is based on your retirement age 65, so if you take your benefit early, it will be reduced because you will live longer. If you take your benefit after 65, it will be increased because, actuarially, you have fewer years to live and thus to receive benefits.) Plan participants must draw their retirement benefits no later than age 70.5 unless they are still credentialed and working.

How are retirement benefits paid out?

Plan participants may choose a lump sum payment paid directly to them or rolled over to a qualified plan (usually an IRA) or monthly annuity payments for life. (IMPORTANT: A monthly annuity is on the participant’s life only. There is no survivor benefit.)

What if I become disabled before I reach retirement age?

Plan participants who become disabled (defined as unable to engage in any substantial gainful activity because of any medically determinable physical or mental impairment which can be expected to result in death or to be of long, continued, and indefinite duration) may begin receiving benefits upon Determination of Disability by the Board of Pensions.  See Article VI of the Defined Benefit Plan for more information.

What if I die before reaching retirement?

If you die before reaching retirement age, your designated beneficiary will receive a distribution based on the greater of the value of your vested accrued benefit or the value of your contributions. For more information, see Article V of the Defined Benefit Plan and Trust. (IMPORTANT: Make sure that you have completed a beneficiary form and that you update this form if you beneficiary designation changes. Failure to name a beneficiary will likely subject your benefit to probate and the disposition of your benefit may be determined by state law and not yourself.)

Why is it that the Board of Pensions only provides a retirement supplement for US clergy and not all MCC clergy?

The Board of Pensions is limited by Federal law and IRS regulations. We are prohibited from creating a retirement supplement for clergy not working in the United States. Clergy outside of the United States may approach the Governing Board to establish a separate pension plan under the laws of their home country.

May I receive a Distribution if I Leave the United States?

Leaving the United States does not, in itself, trigger the right to a distribution or a forced distribution.  Generally, ceasing to be a Licensed Clergyperson or retiring from the Clergy after 55 triggers the right to receive a distribution. (However, you are not compelled to take this until your age 70.5.) Keep in mind that if you leave the US to serve another MCC church and believe you may return that you will begin to accrue benefits once again upon your return to US soil.

What if I’m participating in the plan, but I won’t vest until after my age 70.5. Can I still participate?

Yes, our plan does not exclude clergy who come to MCC later in life from participating and vesting in the plan after their age 70.5.

Audit Files

Download Icon 2006 BOP Audit Results (Adobe PDF)
(Updated: 16 January 2018)

Download Icon 2007 BOP Audit Results (Adobe PDF)
(Updated: 16 January 2018)

Download Icon 2008 BOP Audit Results (Adobe PDF)
(Updated: 16 January 2018)

Download Icon 2009 BOP Audit Results (Adobe PDF)
(Updated: 16 January 2018)

Download Icon 2010 BOP Audit Results (Adobe PDF)
(Updated: 16 January 2018)

Download Icon 2011 BOP Audit Results (Adobe PDF)
(Updated: 16 January 2018)

Download Icon 2012-13 BOP Audit Results (Adobe PDF)
(Updated: 16 January 2018)

Download Icon 2014-15 BOP Audit Results (Adobe PDF)
(Updated: 16 January 2018)



Virtual General Conference Vote Results:

The Motion Passes

to Increase Rates for Contributions to the UFMCC USA Pension Plan

 

Please accept this message announcing the result of the 7-8 June 2017, virtual General Conference vote addressing the motion below to increase the investment contributions of MCC churches in the United States.

RESULT: The motion passed with 41 out of 53 clergy and 64 out of 74 lay delegates voting in favor of the motion. There were no abstentions.

Thank you to everyone who thoughtfully and prayerfully considered their votes. The Board of Pensions will now move forward with planning based on these results to ensure the good stewardship of the pension fund now and in the future.

The MOTION:
That each MCC affiliated congregation in the United States provide investment contributions to the MCC Pension Plan according to the following schedule:
 
2018 — $1.00, per member, per month
2019 — $1.25, per member, per month
2020 — $1.50, per member, per month
2021 — $1.75, per member, per month
 

Thereafter, beginning in 2025, the rate of investment will be adjusted every 5 years, up or down, based on inflation or deflation of the US Dollar.


Important Links

Recording of March Webinar: https://vimeo.com/207796185

Rate Plan Increase Informtion