Friday, March 30, 2007

Are ministers of departing churches vested?

From the Board of Pensions WEBSITE: A member's credits are non-forfeitable (vested) as soon as
  • the Member completes three years of eligible service. Employment by an eligible church employing organization for at least 20 hours a week counts toward vesting even if the employee was not enrolled in the Benefits Plan. Full-time attendance at seminary also counts for ordained ministers who serve in a validated ministry of the church following ordination.
  • the Member attains age 65.
  • the employer withdraws from the Plan.
  • the Pension Plan terminates.

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