Application for Participation
Planning for the future is one of the most caring things you can do for yourself and your family, and the Church of God Ministers’ Retirement Plan (MRP) makes it simple to begin. Whether you are just starting out in ministry or have served faithfully for years, the MRP gives you a trusted way to save for the retirement you deserve.
Membership Overview
The Ministers’ Retirement Plan is a 403(b)(9) church retirement plan approved by the Internal Revenue Service for ministers and employees of churches and church organizations associated with the Church of God, Cleveland, Tennessee. The MRP exists to help those ministers and church employees build security and peace of mind for the years ahead.
When you enroll, you will automatically be opening a Traditional before-tax account and a Roth after-tax account. You can then decide where your contributions go. Compare the two options side-by-side here.
And here is one of the best parts: as a member, you are eligible for a matching contribution. The Benefits Board will match up to the first $500 you contribute this calendar year, added right on top of what you save. The match is deposited each December and becomes fully vested after five years. The member match can only be deposited into your traditional before-tax account.
A Few Helpful Details
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You can begin taking distributions as early as age 59½ (see IRS Publication 571).
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The IRS sets an annual maximum on total contributions, and ministers over age 50 can set aside even more through a special catch up provision. See SPECIAL NOTICE REGARDING CONTRIBUTION LIMITS HERE.
Ready to Begin?
Fill out the application below to get started.