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Voluntary Participation

What is a "voluntary participant"?

According to the Covenant Pension Plan Rules Article l, Section 1.1.z.vi(1), a vluntary participant is:

• A minister who has standing with the Covenant Ministerium, and who is employed full-time by a Covenant or regional conference institution, or other approved employers; [or]
• A minister who is not a madatory participant, who is an associate member of the Covenant Ministerium employed full-time who makes an election to participate with the consent of an employer included in the Plan.

How do I become a voluntary participant?

The church you are serving must write a letter on church letterhead to the director of pensions stating their intent to pay premiums on your behalf, signed by a church officer and sent with a completed salary report form.  You will receive a letter of confirmation from the director of pensions, who will pass your information on to the finance office to begin pension billing.