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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.

Retirement

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...

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...

What are the tax advantages with a 403(b)(9) retirement plan?

There are two ways to save, each with its own tax advantages. ·      With traditional 403(b) contributions, you save with pre-tax dollars, which reduces your taxable income and your current tax obligation. You pay no income tax on your savings or investment returns...

How is your money invested in the retirement plan?

There are three different ways to invest with Geneva. You may select from Target Funds, Core Funds, and a Self-Directed Brokerage Account. When you initially enroll, you will be invested in an age-appropriate Target Fund. Target Funds are single funds comprised of...

How do Geneva’s investments reflect Christian convictions?

Geneva works hard to craft an investment portfolio that reflects our Christian convictions and gospel values. As often as feasible, we direct our fund managers to invest in companies that promote human flourishing, protect and nurture God’s good creation, and seek the...

How can you access your retirement account?

You can access your retirement account online through the My Retirement Account link provided above on our MyBenefits page. Geneva Benefits Advisors are available to assist you with your account Monday through Friday from 8am to 5pm, eastern. Northwest Partner...

How much does it cost to meet with a financial planner?

Nothing. Geneva knows the complexities associated with planning for retirement. Meeting with one of our Retirement Readiness Planners to discuss your unique situation has no additional cost to you or your church/organization. Set up a meeting today.

Who is allowed to participate in the retirement plan?

All ministers, missionaries, school personnel and lay church employees who receive W-2 taxable income from a PCA church or pre-approved church related organization are eligible to participate in the plan. Questions on eligibility? Contact us at...