If you become disabled and unable to work, the bills will continue. That’s when you need the Comprehensive Protection Plan (CPP)—it replaces a portion of your income if you become disabled. The CPP also provides a death benefit to your beneficiary.
Who is eligible
Eligible clergy are automatically enrolled in the CPP. You are eligible if you are under 75% or 100% appointment and your plan compensation is at least 25% of the Denominational Average Compensation. (See the CPP Summary Plan Description to determine if you are eligible for benefits under the CPP.)
How the CPP works
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Your TAC salary-paying unit contributes 3% of your plan compensation to provide you coverage under the CPP.
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If you become disabled and unable to work, the CPP pays a benefit that, when combined with other sources of disability income (such as Social Security), replaces a total of 70% of your pay each month, up to certain limits.
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If you elect not to participate in Social Security, your disability benefit will be reduced by the amount Social Security would have paid had you participated.
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If you’re an active participant in the Clergy Retirement Security Plan (CRSP), the CPP will continue making contributions to the defined contribution component of your CRSP while you’re disabled.
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Depending on the nature of your disability, the CPP may also provide rehabilitation benefits.
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The CPP provides a death benefit of $50,000 to your beneficiary if you die while an active participant in the CPP, whether or not you’re disabled at the time of your death. This death benefit is separate and in addition to any other life insurance benefit you may receive.
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There are separate death benefit amounts for retired clergy, clergy spouses, surviving spouses and children of clergy.