Ministerial Pension Plan (MPP)
The Ministerial Pension Plan (MPP) provides clergy with a pension for their years of ministry with The United Methodist Church. The plan is designed to provide participants with one piece of their overall retirement portfolio. MPP was replaced by the Clergy Retirement Security Program, effective January 1, 2007. However, if you have an MPP account, it will continue to be invested, and you will receive benefits from the plan as before.
MPP is a 403(b) retirement plan, in which your plan sponsor contributes to the plan on your behalf. Contributions are held in a trust and are credited to an account held for your retirement benefit. Upon retirement, at least 75% of your account balance must be annuitized. The remaining 25% may be annuitized or paid in a lump sum or partial lump sums at your option.
Who Is Eligible?
All bishops and most clergy under episcopal appointment of The United Methodist Church whose conference, salary-paying unit or employer sponsors MPP are available. Your plan sponsor will enroll you once you are eligible to participate.
For More Information
For complete eligibility and plan information, please refer to the MPP Summary Plan Description, available through OASIS. The following will also provide you with additional information about MPP:
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