LOCAL CHURCH CLERGY COMPENSATION
CHARGE CONFERENCE PROJECTIONS FOR 2014
WORKSHEET I
Church Charge Clergy
Clergy Relationship Status Appointment Increment Effective Date
APPOINTMENT INCREMENT CHART-BASED ON PLAN COMPENSATION (See Pension Calculation Worksheet III for Plan Compensation Amount)
$1------$19,555 = ¼ Time (UMPIP Only)
$19,556 ------$29,333 = ½ Time (CRSP Only)
$29,334 ------$39,111 = ¾ Time (CRSP Only-CPP Optional)
$39,112 & Above = Full Time (CRSP & CPP Only)
Please complete a worksheet for each clergy under Episcopal appointment to the church or charge. For a multiple church charge, each church should submit its own compensation form and the individual church compensation budgets should be combined on a single form by the Charge PPR Committee.
Please Round to Whole Dollars----Do Not Use Cents
I. BASE COMPENSATION
1. Base Compensation paid by local church
a. Cash Salary $
b. Cash paid to clergy to cover Social Security taxes $
c. Other cash compensation (e.g. bonuses, payments to private investment programs,
housing equity allowances, scholarships, etc.) $
d. Tax-paid personal contribution to the General Board of Pension $
SUBTOTAL (Add lines 1.a.-d.) $
2. Tax-deferred contributions (Internal Revenue Code section 403b plans, UMPIP 1% Matching) $
3. Employee contributions made pursuant to salary reduction agreement to
“cafeteria plan” (IRS §125 plan) or to a Health Savings Account (H.S.A.) $
TOTAL I. (Add lines 1-3) $
* 4. Amount from equitable compensation or other Conference/District funds $
(The local church MUST coordinate with the grant donor to determine who pays the pension billing increase as a result of the grant.)
II. UTILITIES AND OTHER HOUSING-RELATED EXPENSES PAID TO OR FOR THE CLERGY Check for Parsonage
The Conference recommends Utilities/Furnishings Expenses up to $7200 per charge
* 5. Housing allowance paid to clergy in lieu of parsonage $
6. Utilities allowance paid to or for the clergy $
7. Furnishings $
8. Garage rental $
9. Service costs expenses (e.g., exterior cleaning, yard work, painting, etc.) $
10. Current expenditures for providing a parsonage/residence owned by the church (payments
for principal and interest on mortgage, capital improvements, or for the purchase of the parsonage/
residence should not be included here) $
TOTAL II. (Add lines 5-10) $
TOTAL COMPENSATION PAID BY THE LOCAL CHURCH – LESS #4 (ADD TOTALS I AND II) $
TOTAL COMPENSATION PAID BY THE LOCAL CHURCH & EQUIT. COMP. OR OTHER GRANT (ADD I, II & #4) $
NOTES:
* These items are not stated as Clergy Compensation in the Cabinet Workbook.
The reporting categories on this Worksheet are for church reporting purposes only. They are not intended to define what is to be included or excluded from taxable compensation. Clergy should consult their tax advisors regarding the tax implications of various kinds of expense reimbursement plans and/or allowances. Also, we have been advised by the Conference’s CPA, that while the clergy employee contributions to an H.S.A. may be deducted for income taxes, they are not exempt from the clergy self-employment tax. Employer contributions to H.S.A. are currently exempt from both.
APPROVED BY CHARGE CONF:DATE PPR CHAIR DIST. SUPT.
CHARGE CONF. SECRETARY
LOCAL CHURCH CLERGY EXPENSES and BENEFITS WORKSHEET
CHARGE CONFERENCE PROJECTIONS FOR 2014
WORKSHEET II
Church Charge Clergy
Please complete a worksheet for each clergy under Episcopal appointment to the church or charge. For a multiple church charge, each church should submit its own compensation form and the individual church compensation budgets should be combined on a single form by the Charge PPR Committee.
Please Round to Whole Dollars----Do Not Use Cents
EXPENSES
III. REIMBURSED TRAVEL & OTHER PROFESSIONAL EXPENSES PAID TO OR FOR THE CLERGY
The Conference Recommends Travel Reimbursement up to $7200 per Charge
11. Vouchered travel expenses paid by the local church (including mileage method or actual auto expense
of depreciation, credit card charges and other reimbursement of receipted expenses) $
12. Expense of automobile provided by the church including insurance and maintenance $
13. Annual Conference $
14. Continuing education, books, publications and other reimbursable expenses $
TOTAL III. (Add lines 11-14) $
IV. CASH ALLOWANCES PAID TO THE CLERGY
The Conference Recommends Travel Allowance up to $7200 per Charge
15. Church share, if any, of other health insurance premium paid to the clergy $
16. Travel allowance $
17. Annual Conference $
18. Continuing education, books, and publications allowance $
19. Other allowances paid to the clergy (e.g. entertainment, memberships, dues, etc.) $
TOTAL IV. (Add lines 15-19) $
BENEFITS
V. BENEFITS PAID FOR THE CLERGY
20. Church share, if any, of conference or other health insurance premiums paid directly to institution
Conference Plan Other Health Insurance Plan $
21. Pension Paid Directly to the conference (see Worksheet III for calculation) $
Please round ONLY Pension Paid Directly amount to nearest cent. DO NOT round to nearest dollar.
TOTAL V. (Add lines 20-21) $
TOTAL EXPENSES & BENEFITS PAID BY THE LOCAL CHURCH (ADD TOTALS III, IV AND V) $
GRAND TOTAL COMPENSATION, UTILITIES/HOUSING, EXPENSES & BENEFITS (ADD TOTALS I, II, III, IV & V)$
NOTES:
Local churches MUST issue their pastor a W2 IRS form at the end of the year for reporting compensation and NOT a 1099 IRS form. Please visit GCFA.org for more information. The reporting categories on this Worksheet are for church reporting purposes only. They are not intended to define what is to be included or excluded from taxable compensation. Clergy should consult their tax advisors regarding the tax implications of various kinds of expense reimbursement plans and/or allowances.
APPROVED BY CHARGE CONF:DATE PPR CHAIR DIST. SUPT.
CHARGE CONF. SECRETARY
LOCAL CHURCH CLERGY COMPENSATION, EXPENSES AND BENEFITS
CHARGE CONFERENCE PROJECTIONS FOR 2014
WORKSHEET III - PENSION CALCULATION PROJECTIONS
CRSP & CPP
FOR ½ TIME, ¾ TIME & FULL TIME ONLY
Church Charge Clergy
Step 1: Determine Plan Compensation
Step 2: Determine Pension amounts by Calculating Plan Compensation Times Percentage for
CRSP Defined Benefit (DB) & CRSP Defined Contribution (DC) (mandatory) and CPP (if applicable)
Step 3: Include Total Annual Amount on Worksheet II, Benefits, V. 21.
To Calculate:
With Parsonage:
Total of Roman Numerals:
I, II , & IV and Line #4 (x)125% = Plan Compensation (This Amount Determines Appointment Increment)
(Round to Nearest Dollar)
DB = Total Plan Compensation x 10% = Annual DB
(Do Not Exceed $6,000)
CRSP Plan (Round to Nearest Cent)
DC = Total Plan Compensation x 3% = Annual DC
(Round to Nearest Cent)
See Notes #2 & 4 Below for CPP Eligibility
Death/Disability CPP = Total Plan Compensation x 3% = Annual CPP
(Do Not Exceed $3,911.16)
(Round to Nearest Cent)
OR
To Calculate:
Without Parsonage:
Total of Roman Numerals:
I, II, & IV and Line #4 = Plan Compensation (This Amount Determines Appointment Increment)
(Round to Nearest Dollar)
DB = Total Plan Compensation x 10% = Annual DB
(Do Not Exceed $6,000)
CRSP Plan (Round to Nearest Cent)
DC = Total Plan Compensation x 3% = Annual DC
(Round to Nearest Cent)
See Notes #2 & 4 Below for CPP Eligibility
Death/Disability CPP = Total Plan Compensation x 3% = Annual CPP
(Do Not Exceed $3,911.16)
(Round to Nearest Cent)
TOTAL Annual CRSP/CPP Payments to the Conference Office
Total CRSP and, If Applicable, CPP Annual Payments
(Round to Nearest Cent---Include this figure on Worksheet II, Benefits, V. 21.)
Total Annual Payments Divided by 12 for Monthly Payments
Notes: 1. CRSP is mandatory for all Full-Time clergy.
2. Plan Compensation must be at least $39,112 for CPP eligibility.
3. Part-Time Clergy must contact the District office if they wish to Waiver the CRSP program.
4. Less than ¾ time Clergy are not eligible for the CPP program. Under special circumstances, ¾ time Clergy that are members of the conference may be eligible for CPP if the church or the participant agrees to pay the premium at a rate of 4.4% of the DAC. Other Denomination or Other Affiliated (non-Conference) clergy are not eligible for the special circumstances under the CPP benefit.
LOCAL CHURCH CLERGY COMPENSATION, EXPENSES AND BENEFITS
CHARGE CONFERENCE PROJECTIONS FOR 2014
WORKSHEET III - PENSION CALCULATION PROJECTIONS
CONFERENCE-SPONSORED UMPIP PLAN
FOR ¼ TIME ONLY
Church Charge Clergy
Step 1: Determine Plan Compensation
Step 2: Determine Pension amounts by Calculating Plan Compensation Times Percentage for the Conference-Sponsored UMPIP
Step 3: Include Total Annual Amount on Worksheet II, Benefits, V. 21.
To Calculate:
With Parsonage:
Total of Roman Numerals:
I, II, & IV and Line #4 (x) 125% = Plan Compensation (This Amount Determines Appointment Increment)
(Round to Nearest Dollar)
Total Plan Compensation x 10% = Annual Amount
Total Annual Payments Divided by 12 for Monthly Payments
OR
To Calculate:
Without Parsonage:
Total of Roman Numerals:
I, II, & IV and Line #4 = Plan Compensation (This Amount Determines Appointment Increment)
(Round to Nearest Dollar)
Total Plan Compensation x 10% = Annual Amount
Total Annual Payments Divided by 12 for Monthly Payments
Note: ¼ Time Clergy must contact the District office if they wish to Waiver the Conference-Sponsored UMPIP program.
Page 2 of 3 / Rev. 02/13