The deadline is quickly approaching for employers to select benefits that will be offered by a congregation or other group through the Board of Pensions to employees effective January 1, 2022.
Selections about what will be offered for health insurance, retirement programs, financial protection programs and tax-advantaged accounts must be made by October 8, 2021, so that information is in place before employee open enrollment happens between October 25, 2021, and November 12, 2021.
Selecting what benefits to offer in 2022
All employers who provide benefits through the Board of Pensions should have received an email recently indicating that the Employer Agreement and Benefits Costs for 2022 are available now on Benefits Connect with a user identification and password.
Employers have until Friday, October 8, 2021, to review and select benefits offerings for 2022.
Learn about benefits options
Not sure what benefits are available or have questions about the best benefits strategy to use in supporting the well-being of ministers, employees and their families? Reach out to the Rev. Douglas Portz, the Board of Pensions church consultant assigned to work with groups in the Presbytery of Lake Michigan. Doug may be reached via email at email@example.com and via telephone at (267) 788-4962.
There will be no increase in medical dues for Pastor’s Participation for 2022. For the fifth consecutive year, total dues for the program will remain at 37 percent of effective salary. In addition, dues for Minister’s Choice will remain unchanged at 10 percent of effective salary for 2022. (If you haven’t heard about Minister’s Choice, watch this video to learn more.)
There are several benefits that can be offered to employees regardless of the number of hours they are regularly scheduled to work and are of little or no cost to the employer. These include dental insurance, a retirement savings plan, dependent care flexible spending accounts and vision eyewear plan. Click below to learn more.