Annual Pre-Retirement Benefits Seminar

For: Clergy and spouses

What: All the North Texas Conference retirement plans plus clergy housing information will be presented in the morning by Wespath educators and an EY consultant will provide an afternoon on financial planning. In addition, short individual meetings with the Wespath educators will be scheduled for those clergy who would prefer an individual consultation.

When/Where: 9 a.m. to 3 p.m., Oct. 26 at the NTC (500 Maplelawn Drive, Plano, TX 75075)

Registration has closed, if you missed it, call Shirley Miller at 972-526-5000.

 

Accountable Reimbursements

Long form Short form

 

Discretionary Funds

 

Extension Ministry

 

EY Financial Planning

Whether you’re new to the Church, or 30 years into your career or ministry, finances play a significant role in how you live — today and in retirement. You may have managed your own finances, but it’s a good idea to make sure you are on the right track by speaking with a financial professional. Wespath Benefits and Investments (Wespath) offers confidential, objective financial counseling at no charge* to eligible participants** from EY, formerly known as Ernst & Young.

 EY financial planners have special training in topics important to participants, including Wespath-administered plans and programs, and the clergy housing allowance. 

* Costs for these services are included in Wespath’s administrative expenses that are paid for by the funds.

** Financial planning services are available to active participants and surviving spouses with an account balance in Wespath-administered plans, and to terminated and retired participants with an account balance of at least $10,000.

At a Glance Website

To speak to a financial planner, call 1-800-360-2539 (Monday through Friday from 8 a.m. to 7 p.m.)

 

Housing and Tax Ramifications

Clergy Housing Allowance Explained Video

 

Ministerial Compensation Report

 

Moving Procedures

 

 

Retirement

Every year the NTC Board of Pension and Health Benefits sponsors a Retirement Benefits Seminar for all clergy in November. Representatives from the Wespath as well as a local CPA are present to provide information on pensions, health insurance in retirement (OneExchange) and taxes.     

For questions, contact Shirley Miller at 972-526-5008.

Housing Allowance Resolutions

Exclusion Worksheet 2021
2020 2019
2018 2017
2016 2015

Resources

Eligibility and Process Planning Resources

Via Benefits

Wespath’s Center for Health partners with Willis Towers Watson’s Via BenefitsTM, one of the nation’s leading providers of health care solutions for Medicare-eligible retirees. The Via Benefis program offers assistance in selecting Medicare supplemental health coverage for eligible retirees, spouses and certain disabled participants using individual Medicare supplement plan markets. Via Benefits provides a portal to Medicare supplemental plans available from more than 90 health insurers (“carriers”) nationwide, as well as administration for tax-advantaged Health Reimbursement Accounts (HRAs) from which retirees can pay their Medicare supplement premiums.

At a Glance FAQs

Wespath Retirement Videos

Online Application Overview Begin Your Benefits the Easy Way
  Get Guidance the Easy Way

 

Social Security

Reasons not to opt out Opting out

 

Student Loan Forgiveness Program 

For clergy members and other employees of not-for-profit organizations engaged in faith-based work, recent changes to the Public Service Loan Forgiveness (PSLF) Program might remind them of the Cinderella fairytale. But the opportunity only lasts “until the stroke of midnight,” or in this case until October 31 to take advantage of the limited-time waiver.

While initially clergy and others were excluded from the PSLF Program because “religious instruction, worship services, or any form of proselytizing” didn’t count toward the full-time work requirement, the U.S. Department of Education, which administers the program, reversed the exclusion effective July 1, 2021. The Department of Education then issued a limited waiver of the “sometimes-onerous provisions for PSLF qualification,” according to NerdWallet.com.

 

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