The following was mailed to All Finance and SPRC Chairs and Treasurers. It is provided here for your information and 2007 budgeting processes.

The Rocky Mountain Conference
of The United Methodist Church

Excerpt from a memo of 9/13/06

DATE: September 13, 2006

TO: All Finance, SPRC Chairs and Treasurers

SUBJECT: CRSP Calculations, and Insurance Issues

FROM: Donna Hite, Assistant Pensions Officer, HealthFlex Administrator

Clergy Retirement Security Program (CRSP):

The Clergy Retirement Security Program will begin January 1, 2007 for all clergy appointed to churches, district or conference-controlled entities. It is made up of a Core Defined Benefit Plan and a Core Defined Contribution Plan, with Optional Defined Contribution available. Contributions to the Ministerial Pension Plan (MPP) will cease on December 31, 2006.

The funding was presented and approved at the 2006 Annual Conference of the Rocky Mountain Conference in Petition AC 08. It states:

Section I - Clergy Retirement Security Plan (CRSP)

A. Current service funding of the Clergy Retirement Security Plan has been calculated by the General Board of Pension and Health Benefits and will be billed to the Pension office of the Rocky Mountain Conference. The Pension office will direct bill these costs to each local church as follows:

• Each church/charge will be billed $24 per month ($288 annually) for every full-time pastor appointed to that church/charge.
• Each church/charge will be billed $18-$12-$6 per month ($216-$144-$72 annually) for every three-quarter, half and one-quarter time pastor appointed to that church/charge.
• Each church/charge will be billed 12.4% of actual compensation (using salary and housing as the contribution base) of each clergy for every pastor appointed to that church/charge.

These contributions will be made to the Conference Pension office by the salary-paying unit of each clergy.

B. Eligibility and participation are established and defined by the General Board of Pension and Health Benefits.

C. The CRSP billing will be handled through the Conference Pension office."

Comprehensive Protection Plan:

Similarly, the Comprehensive Protection Plan (CPP) for life and disability:

Section II - Comprehensive Protection Plan (CPP)

A. Current service funding of the Comprehensive Protection Plan will be calculated:

1. Using salary and housing as the contribution base, with 200% of the Denominational Average Compensation (DAC) being the maximum base amount, and

2. Using a contribution rate of 3.0%, and

3. Contributions will be made to the Conference Pension office by the salary-paying unit (i.e. the local church, the conference, or other employer in cases of special appointment / employment).

B. Eligibility and participation are established and defined by the General Board of Pension and Health Benefits.

C. The CPP billing will be handled through the conference.

Please call Donna Hite 303-325-7050 or Wayne Bettendorf 303-325-7051 at the Conference office if you have any questions.

Donna Hite, Assistant Pensions Officer, HealthFlex Administrator
Phone extension 150 or direct line 303-325-7050 e-mail: donna@rmcumc.com