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Announcement: PCA Retirement & Benefits is now Geneva Benefits Group! Learn more about our recent name change here.
Announcement: PCA Retirement & Benefits is now Geneva Benefits Group! Learn more about our recent name change here.

Faqs

What is a call package consultation?

Our retirement planners consult with sessions and pastors in the building of a pastoral compensation or “call” package. We discuss the various elements such as housing allowance, retirement, insurance, SECA allowance, and taxes. A thoughtfully built call package helps...

Will I receive housing allowance in retirement?

Retired ministers receive distributions as “eligible” for housing allowance from our 403(b)(9) retirement plan. Our board of directors issues an annual resolution authorizing housing allowance for retired ministers. The same housing allowance limits apply before and...

How are ordained ministers taxed?

Ordained ministers have a unique dual tax status. They are W-2 employees of a church or organization. Simultaneously, they are self-employed for Social Security tax purposes. In addition, ministers are able to exclude their housing allowance from federal and state...

Who qualifies for emergency relief assistance?

The Geneva Relief Fund is a ministry of the Presbyterian Church in a America (PCA). Eligible recipients include PCA Teaching Elders, their widows, and PCA ministry/church staff. Learn more at genevabenefits.org/relief.

How are my retirement contributions invested?

You are automatically invested in an age-appropriate target-date fund. This is a diversified mix of investments that become more conservative as you near retirement. In addition, other more “DIY” options are available for the more experienced investor.

What kind of retirement account do you offer?

We offer a 403(b)(9) retirement plan. Typically, a 401(k) is used in the for profit world, while a 403(b) is used in the non-profit world. Our retirement plan is a 403(b)(9) with special features for denominations and churches. One of the key features is housing...

How much life insurance do I need?

You need enough coverage to meet the needs of your survivors and should consider expenses such as a mortgage, raising children, and college. A general rule of thumb is to start with 10 times your annual income. Remember, the amount you need is always changing. A...

How much do you charge for financial and retirement planning?

It’s free. We are here to guide and help you in any way we can. We have a team of benefits specialists and financial planning advisors ready to serve you.

How much should I be saving for retirement?

It really depends. The earlier you start, the more time your money has to grow. But, it’s never too late to start saving! Our retirement readiness team would love to help you construct a plan to reach your goals.

Do I have to be ordained to enroll for Geneva benefits?

No, ordination is not a requirement for enrollment in Geneva benefits. Employees who work 30 or more hours per week are considered full-time and eligible for Geneva group benefits (both retirement & insurance).