• A minimum age is not required.

• The service requirement is 90 days for Class 1, Career Employees. Class 2, Fixed-Term Employees are immediately eligible.

• Pay is total pay, including elective deferral contributions but excluding fringe benefits for the purpose of elective deferral contributions and matching contributions.

• Plan members may defer after-tax Roth contributions. Roth elective deferral contributions and pre-tax elective deferral contributions are both counted in the maximum deferral limit. (Traditional vs. Roth Contributions)

• The automatic elective deferral contribution is $50 for Class 1, Career Employees.

• Plan members age 50 and older may defer catch-up contributions. Catch-up contributions are in excess of the deferral limit.
• Deferall Limits: Annual Contribution Limits 403(b)(9) Plan

• Stop elective deferral contributions on any date

• Change elective deferral contributions on any date

• Changes to Contributions

• Employer Matching Contributions - Class 1, Career Employees
• Employer Contributions - Class 2, Fixed Term Employees

For Qualified Employer Contributions

• 100% vested immediately- Vesting Schedule

• Retirement

• Death

• Termination of employment - Rollover into another Retirement Plan  -IRA, 401(k), 403(b)

• All or part of vested account (not earnings on elective deferral contributions and not qualified matching contributions) for immediate and severe financial need

• Age 59 1/2 Withdrawal

• Withdrawal as Parsonage (Age 59 1/2 or Older )
• Hardship Withdrawal

• Maximum amount of any loan is the lesser of

  1. 50% of the Member's Vested Account, reduced by any outstanding loan balance

  2. $50,000, reduced by the highest outstanding loan balance during the one-year period ending on the day before the loan is made.

• Minimum amount of any loan is $1000.

• Maximum number of outstanding loans is 1.

• Maximum term of any loan is 5 years.