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Board of Pensions
Devon Avery, President
Rev. Wes Mullins, Vice President
Rev. Tom Emmett, Treasurer
Henry C. Hueber, III (Hank), Member
Rev. Carolyn Mobley, Member
Jeremiah Nelson, Member
Tony Somora, Member
Plan Administrator
Bill Hooper, 310-625-4134, billhooper@MCCchurch.net
The UFMCC Board of Pensions (USA) serves as the Trustee and fiduciary for the fellowship’s Defined Benefit Plan and Trust, which provides retirement benefits for MCC ordained clergy serving churches in the USA. Members of the BOP are appointed by the Governing Board for four-year terms and by law, are responsible for management and oversight of the Defined Benefit Plan.
As stewards of MCC’s pension plan, the goal of the BOP is to ensure that church and clergy contributions to the Plan are well managed and wisely invested, to provide maximum benefit. We do this through identification and oversight of balanced investment portfolios managed by qualified financial advisors.
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Documents
The following are documents required to facilitate entry and management into the MCC Board of Pensions Defined Benefit Plan.
Frequently Asked Questions
What is the Defined Benefit Plan?
The Defined Benefit Plan is a pension plan that offers each participant retirement benefits based on a defined or predetermined formula based on years of credited service.
Who is eligible to join the Defined Benefit Plan?
Licensed MCC clergy serving in the U.S. and who have completed four consecutive years of service in an approved ministry are eligible to join the Plan. For more information about maintaining eligibility, see Article II of the Defined Benefit Plan.
What Benefits can be expected from the Defined Benefit Plan?
UFMCC’s Defined Benefit Plan is intended to serve as a supplementary retirement benefit in that this plan will not provide sufficient income to meet your retirement needs. The plan also provides benefits in the event of disability or death. You should plan for additional sources of retirement income.
How is the Plan funded?
The Defined Benefit Plan is funded from mandatory contributions from churches of $0.75 per church member per month.
How are Plan funds invested?
The plan consists of a balanced portfolio in professionally managed and monitored mutual funds. The Board of Pensions oversees investments and is guided by an Investment Policy Statement.
How do I enroll in the Defined Benefit Plan?
Eligible clergy may enroll in the Plan by completing the Coverage Election and Beneficiary Designation forms and sending them along with their contribution to:
UFMCC Board of Pensions (USA)
P.O. Box 1374
Abilene, TX 79604
When can I draw my retirement benefits?
Plan benefits are normally distributed upon retirement at age is 65 years, or after 10 years of consecutive service in an approved ministry, whichever is latest. Plan participants must draw their retirement benefits no later than age 70.5. For more information, see Article IV of the Defined Benefit Plan and Trust.
How are retirement benefits paid out?
Plan participants may choose a lump sum payment or monthly annuity payments for life.
What if I become disabled before I reach retirement age?
Plan participants who become disabled (defined as unable to engage in any substantial gainful activity because of any medically determinable physical or mental impairment which can be expected to result in death or to be of long, continued, and indefinite duration) may begin receiving benefits upon Determination of Disability by the Board of Pensions. See Article VI of the Defined Benefit Plan for more information.
What if I die before reaching retirement?
If you die before reaching retirement age, your designated beneficiary will receive a distribution based on the greater of the value of your vested accrued benefit or the value of your contributions . For more information, see Article V of the Defined Benefit Plan and Trust.
Audit Information
The following are the available final audits of the Board of Pensions benefit plan.
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