Category Archives: Ministers

Housing Allowance Held Unconstitutional

On October 6, 2017, a federal district court judge in Wisconsin ruled that the ministerial housing allowance violates the Constitution. Judge Barbara Crabb held that Section 107(2) of the Tax Code, the provision that specifically addresses the “cash” ministerial housing … Continue reading

Posted in 12 - December 2017, Ministerial Housing Allowance, Ministers | Leave a comment

Year-End Contributions to Your Retirement Account

All pension contributions received in the Board’s office by the close of business on Thursday, December 29, 2016, will be posted to the participant’s account and will apply against the participant’s 2016 contribution limits. Contributions received in this office after … Continue reading

Posted in 12 - December 2016, Ministers, Retirement Contributions | Leave a comment

Contribution Limits for 2017

The Internal Revenue Service recently announced the new pension plan contribution limits for 2017. While there are many different limits that impact pension plans, the main limits that effect participants in the Ministers’ Retirement Plan are as follows: The salary reduction … Continue reading

Posted in 12 - December 2016, Chaplains/Evangelists, Ministers, Retirement Contributions | Leave a comment

New Overtime Rules Webinar

In the Know LIVE Webinar Friday, November 18th 2:00 – 2:30 PM EST Topic: Overtime Rules Many church leaders think the “wage and hour” laws, and particularly overtime pay rules, do not apply to churches.  However, that could not be … Continue reading

Posted in 10 - October 2016, Chaplains/Evangelists, Ministers, Pay Roll Taxes | Leave a comment

Exempt from Overtime Pay?

Many church leaders think that the “wage and hour” laws, and particularly overtime pay rules, do not apply to churches. That could not be further from the truth. Churches and church employees are NOT exempt from the “wage and hour” … Continue reading

Posted in 06 - June 2016, Ministers | Leave a comment

Tax Webinar Recording is Now Available for Viewing

Missed the latest In the Know LIVE Webinar?  We’ve got you covered. A recording of the In the Know LIVE Tax Webinar is now available for viewing on our website.  Simply go to www.benefitsboard.com, click on the Resources Tab, then Webinar Recordings.  A … Continue reading

Posted in 03 - March 2016, 2016, Ministers, Tax Information | Leave a comment

Incentives for New Participants

Time is running out for new participants to take advantage of the $500 matching incentive for 2015. Join the Plan today and the Board will match dollar-for-dollar the first $500 in contributions made this year to your account! Last fall, the … Continue reading

Posted in 09 - September 2015, Ministers, Retirement Contributions | Leave a comment