Retirement Program

As of July 1, 2022, the Global Methodist Church offers the Covenant Clergy Personal Investment Plan (Covenant PIP), a 403(b) defined contribution plan sponsored by the Global Methodist Church. A brochure accessible here provides information on clergy participation in Covenant PIP.

Eligible clergy will enroll for Covenant PIP by completing the spreadsheet/enrollment form according to these instructions.

Local churches may also participate in Covenant PIP for their lay employees. Churches would have a menu of three options from which to choose:

1) allow employees to make discretionary contributions from their pay;

2) the church matching the lay employee’s contribution, up to 5% of the lay employee’s compensation; or

3) contributing 5% of the lay employees’ compensation plus a match of the employee’s contribution up to an additional 5%. The process for enrolling lay employees is under development.