To calculate a disability benefit, the Board first determines 60 percent of whichever is greater — your effective salary or your applicable median salary. The median effective salaries (2017) are
- $57,300 for congregational teaching elders; and
- $39,800 for other employees
The initial benefit you may receive will never exceed 100 percent of your pre-disability effective salary, even if the benefit is less than 60 percent of the median.
Minimum and Maximum Benefit
Under the Benefits Plan, the minimum annual disability benefit payable is $600. Therefore, you will not receive less than $600 per year, or $50 per month.
Additionally, the maximum salary for calculating a disability benefit is $100,000. If your effective salary is greater than that amount, the disability benefit will still be based on $100,000, unless you are enrolled in the Supplemental Disability Benefits Plan.
If you work at least 20 hours a week but fewer than 35 hours, the initial disability benefit is based on the greater of effective salary or the prorated applicable median. The initial benefit never exceeds 100 percent of your pre-disability effective salary.
Other Income Sources
The Benefits Plan disability payment is designed as a supplement. Therefore, income from other sources offsets that payment, including Social Security and other benefits and employment income you might earn while disabled.
Each year, the Board decides whether to recommend a disability benefit increase to the Board of Directors. Decisions are based on investment returns, actuarial experience, inflation, and adequacy of contingency funds for the Death and Disability Plan. If the Directors approve an increase, all disability benefits in effect on December 31 of the year preceding the approval receive a percentage increase.