Category Archives: Retirement Contributions

Year-End Contributions to Your Retirement Account

All pension contributions received in the Board’s office by the close of business on Thursday, December 28, 2017, will be posted to the participant’s account and will apply against the participant’s 2017 contribution limits. Contributions received in this office after … Continue reading

Posted in 12 - December 2017, Retirement Contributions | 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

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

Tax Reporting of Retirement Plan Contributions

Retirement plan contributions made by the church on behalf of the minister or a church-related employee are not required to be reported at all on Form W-2. In addition, amounts contributed to the retirement plan by a salary reduction agreement … Continue reading

Posted in 07 - July 2015, Informational Manuals, Internal Revenue Service, Ministers, Retirement Contributions, Tax Information | Leave a comment

Tax-deferred Retirement Accounts

The Minutes of the Church of God General Assembly state that the local church should make contributions “to the Church of God Ministers’ Retirement Plan for the pastor of an amount equal to at least 5 percent of the cash … Continue reading

Posted in 07 - July 2015, Informational Manuals, Internal Revenue Service, Ministers, Retirement Contributions, Tax Information | Leave a comment

Would a Webinar Help?

We are receiving so many questions about tax issues and the Affordable Care Act, as well as a variety of other issues such as the ministerial housing allowance, we are discussing the benefit of having a webinar where our President, … Continue reading

Posted in 02 - February 2015, Health Care, Informational Manuals, Internal Revenue Service, Ministers, Pay Roll Taxes, Retirement Contributions, Retirement Distributions, Tax Information | Leave a comment