As we draw closer to the special called General Conference, we are seeing an increased volume of questions and concerns about potential impact on clergy benefits with varying degrees of accuracy. We also hear the worries individuals have for their personal financial security during this time of uncertainty. We monitor dialogue on social media and blogs, and we receive questions and comments from participants and other stakeholders.

Wespath seeks to provide unbiased and accurate information about the UMC benefit plans, and in particular about the effects that the Way Forward plans and the 2019 General Conference may have on those plans. Wespath has published these FAQs to help participants and Church stakeholders understand these types of questions, and we update the FAQs regularly. You can also send your questions directly to Lisa Drew at ldrew@wespath.org.

The updated FAQs do include questions like:

I’m hearing rumors and reading things in blogs and social media about the possible impacts of the 2019 General Conference and the Way Forward plans on pension and other benefits. How do I find out if what I’m hearing and reading is true?
Wespath seeks to provide unbiased and accurate information about the UMC benefit plans, and in particular about the effects that the Way Forward plans and the 2019 General Conference may have on those plans. Wespath has published these FAQs to help participants and Church stakeholders understand these types of questions, and we update the FAQs regularly. You can also send your questions to Wespath at Lisa Drew at ldrew@wespath.org.

Is it true that if the Traditional Plan is approved, my pension will automatically be cut?
No. Neither your pension nor any retirement account balances will be reduced by the enactment of any of the three Commission plans as they are written.

Wespath worked closely with the Commission to help mitigate any risks to retirement benefits during the analysis of the Way Forward options. The Commission recommends (page 133-134 of the ADCA) that an amendment to the clergy pension plan (CRSP) (Petition 90017—page 168 of the ADCA) be enacted with any of the three Commission plans that might be approved by the 2019 General Conference, or in the event that no plan is approved.

For those who leave the UMC, this petition recommends converting the participant’s accrued pension benefits into an actuarially equivalent account balance and transferring to a defined contribution plan (UMPIP) that offers future opportunities for investment growth (based on market conditions and fund returns).