Which is the best pension plan to consider?
Participation in either pension plan, the DB or DC, would be beneficial to your pastor and/or other staff members, as both plans provide an excellent means of saving towards retirement.
COMMON FEATURES OF BOTH PENSION PLANS
MEMBERSHIP - Open to all full-time credential holders and employees of local affiliated assemblies and ministries, and to part-time persons in the same categories under certain conditions.
PORTABILITY - Contributions can continue if a DB member moves to another ministry position with a participating DB pension plan employer. Similarly, contributions can continue if a DC member moves to another ministry position with a participating DC pension plan employer.
SUPPORT PAOC MISSION - Through investments in church/ministry mortgages. (For the DC plan, this will take place once the DC portfolio achieves critical size threshold.)