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retirement funds
does the upci have a retirement or pension fund that ministers pay into or is that left up to the local church?
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Re: retirement funds
Local i believe ,my dad was upc and i dont remember anything,there is a small death benefit and some medical i think.
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Re: retirement funds
My understanding is that there is such a fund, but it requires you to opt in. In other words it is not simply a benefit.
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I do remember a couple of minister's wives who, when their husband died, lost not only him, but the position of first lady and all their income too. Nothing like losing everything all at once. |
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It is everyone's own responsibility to get life insurance and a retirement account - especially the self employed. If they don't they should not expect that it will magically appear when the time to use it comes. |
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If the missionary is outside the US. he doesn't do payroll tax deductions. |
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