2017 Budget Inputs

2017 Budget Inputs


Ross Williams

9/27/2016

Dear Treasurers and Finance Chairs (copy to pastors),

You will most likely be working on your 2017 budgets soon.  To assist you, listed below are some inputs from the Conference:

Clergy Healthcare: The uniform rate for HealthFlex will be $16,104.00. Of this amount, $14,808.00 will be billed to the church and $1,296 will be billed to the pastor.

Clergy Pension: (see attached worksheet) The cost will remain 11.8% of total compensation, which is defined as base salary plus either a) 25% of salary for a parsonage or b) the actual amount of a housing allowance for those not provided a parsonage.  For churches with Episcopal appointments of 75% or greater these amounts will be billed to you by the Conference.  For churches with Episcopal appointments of less than 75% these amounts will be remitted directly by the church to Wespath (previously the General Board of Pension & Health Benefits) to be deposited into a pastor’s United Methodist Personal Investment Plan (UMPIP) account.  If the pastor does not elect to contribute at least 1% of salary, the church will be responsible for remitting only 10.8% vs. 11.8%

Clergy CPP: (Death & Disability) for 100% appointments only:  The cost will remain 3.0% of total compensation as defined above.

Apportionments: Available at: http://www.nyac.com/apportionments

Workers Compensation:   If salaries have not changed significantly, we suggest you use the amount of the 2016 charge and increase it by 5% to estimate your 2017 charge.  If salaries have increased significantly, call or e-mail Heman Persaud with payroll data to get an estimate (hpersaud@nyac.com or 914-615-2232).

Professional Reimbursement Account:  The minimum professional reimbursement account for a pastor serving full-time remains at $5,550.00.  Churches may elect to provide greater amounts.  Pastors serving in part-time appointments are to receive a minimum of $1,387.50 for each ¼ time increment.

  • Reimbursement Account Q&A  http://s3.amazonaws.com/Website_GCFA/services/legal/AccountableReimbursementPoliciesQ_and_A.pdf
  • Sample Policy (short form)  http://s3.amazonaws.com/Website_GCFA/services/legal/AccountableReimbursementPolicy_ShortForm.pdf
  • Sample Policy (long form)  http://s3.amazonaws.com/Website_GCFA/services/legal/AccountableReimbursementPolicy_LongForm.pdf
  • Sample Expense Voucher Form:  http://s3.amazonaws.com/Website_GCFA/services/legal/Sample_Expense_Voucher.pdf

Minimum Salary Schedule:  The schedule of minimum salaries to be paid to all clergy under Episcopal appointment is available at:  http://www.nyac.com/files/websites/www/NYAC_MinimumClergySalarySchedule-2017.pdf

Please let me know if you have any other questions.

Sincerely, Ross


File: pensioncalculationworksheet2017.doc