Procedure Name: | Exiting MTD Funds Transfer |
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Scope: | All Staff |
Revision Date: | October 22, 2020 |
Last Review Date: | June 8, 2023 |
Any remaining funds are handled differently for ongoing employees and those that are part of the specific programs listed below. Please review the eligibility criteria to submit an Exiting MTD Transfer Request based on your status as outlined below. |
If the exiting employee is involved in the College Program Team and is completing an internship or residency, excess funds will be distributed as follows:
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Exiting MTD Transfers are generally NOT permitted for exiting employees in Domestic (US) Fixed Term Programs. If the exiting employee is involved in a one-year or fixed-term Reliant intern ministry program experience where the church or ministry has a Reliant Ministry Project Fund, the full amount remaining in the intern's MTD fund will be transferred directly to the specific corresponding Reliant Ministry Project Fund, per the agreement Reliant has with the Church/Ministry Partner. If there is no specific corresponding Reliant Ministry Project Fund, then any leftover MTD funds will be transferred to the Reliant Staff Ministries Fund. |
If the exiting employee is involved in a one-year or fixed-term Reliant international intern ministry program experience, where the church or ministry has a Reliant Ministry Project Fund, the full amount remaining in the intern's MTD fund will normally be transferred directly to the specific corresponding Reliant Ministry Project Fund, per the agreement Reliant has with the Church/Ministry Partner. If there is no specific corresponding Reliant Ministry Project Fund, then any leftover MTD funds will be transferred to another closely associated employee's MTD fund or the Reliant Staff Ministries Fund. A Reliant employee in one of these International programs may request an exiting MTD Transfer. To do so, consult with the International program team liaison (email: international@reliant.org). MTD Transfer requests of this nature must be approved by the Reliant program team leadership and, in most cases, the associated Church/Ministry Partner. |
When a Reliant employee exits with a balance remaining in the MTD account they’re responsible for after all other expenses have been paid, the following policy will automatically apply toward the treatment of any remaining funds in the closed MTD account. The Exiting MTD Transfer policy is a different policy than the annual allowed MTD Transfer Request policy, and the one transfer per year rule does not apply to exiting transfers,
Example:
Fill out the Exiting MTD Fund Transfer request form below and email the completed form to payroll@reliant.org.Contributions to a Non-Profit Organization:
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If a local church or ministry is the single donor to Reliant for the ministry of an employee and the employee is exiting Reliant employment, Reliant will generally transfer all remaining funds in the exiting MTD fund to another Reliant MTD/Dept. Fund(s) at the request of the leadership of the local church or ministry. This allows the local church or ministry to give additional donations to Reliant to keep the employee's role well-funded, without experiencing any shortfalls in paying salary, benefits, or ministry expenses. It also keeps Reliant from having a negative balance in the MTD account. If the local church or ministry does not request an internal transfer of the remaining funds into another Reliant MTD/Dept. Fund(s), Reliant will donate the remaining funds in the exiting employee's MTD fund back to the local church/ministry. |