Working in ministry is a joyful burden. We know that serving Christ’s church is
delightful but can also be depleting. Geneva takes care of you. By serving you, we
ensure you and your family are well cared-for during every season of ministry.
How we can help:
- Church based retirement plan with benefits for ministry workers
- Free consultations about personal and church finances
- Retirement planning from team of certified planners
- Insurance options that protect you and your family
- Maintain quality of life with affordable access to vision and dental
- Emergency relief when the unexpected happens
- Christian counseling and support for you and your family
- Wellbeing resources
- Guidance for healthy church dynamics
“I am so appreciative of the work and care the ministry of Geneva provides for pastors and staff in the PCA, helping prepare our families for the future. I would encourage all PCA staff to take the opportunity and make it a priority, to sit down with a retirement planner.”
Kristen Hogsed, Ministry Coordinator at Naperville Presbyterian Church (PCA)
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.
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.
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 35-year-old with a spouse and kids needs far more life insurance than a couple nearing their 60’s who are empty nesters.
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 allowance in retirement for ministers which provides a tremendous tax savings.
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.
I’ve worked at my church for years. What happens if I want to add a product or service now?
This needs to be coordinated with Geneva and your employer. There may be voluntary products for which you are eligible. Call us to discuss at 678.825.1260.
How soon may I be covered or participate after enrollment?
Geneva products begin the first of the month after your month of employment (or after approval if enrollment occurs well after your date of hire).
Must I be employed by a PCA organization to purchase insurance?
You must be employed full-time, working at least 30 hours a week or more for a PCA church, school or ministry, or like-minded non-profit ministry organization to participate. If you are uncertain if your employer qualifies as a like-minded non-profit ministry, email us at email@example.com.
Can I participate individually in insurance if my church does not?
No. Your ministry organization must agree to participate in one or more of the products offered by Geneva for you to participate in them.
What if my church is willing to participate in these but cannot afford to do so?
Many of the products Geneva provides allow for voluntary participation. This means the employee pays the premiums through a salary-reduction made by the employer and then paid to Geneva. Call us for details at 678.825.1260.
What happens to my insurance benefits when I retire or terminate from employment?
Life and Disability insurance offer portability to a new employer or conversion to individual insurance policies.
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.
Reach out for a consultation
Director of Benefit Services, Mark Melendez (CRPC®)
VP of People & Culture, Rev. Jon Medlock