It’s important for employers to report changes in effective salary to the Board of Pensions in a timely manner, as effective salary determines medical dues for those in Pastor’s Participation, healthcare deductible and copayment limits in the PPO medical option, death benefits, and accrued pension credits for Pension Plan members.
As we begin a new year, employers are encouraged to review — and update or confirm — effective salary for all members. Throughout the year, whenever a member’s salary changes (including cash salary, housing allowance, employer contributions, SECA, bonus amount, and other allowances), the employer must report it to the Board of Pensions within 60 days of the effective date. For example, a salary change that took effect January 1, 2020, must be submitted through Benefits Connect no later than March 1, 2020.
Note: When reporting a salary change with an effective date in the future, keep in mind that the member's new salary will not appear in Benefits Connect until the effective date.
For more details, see How to Change or Confirm Effective Salary in the Resources box on the Manage Employees page of Benefits Connect. If you have questions, call the Board at 800-773-7752 (800-PRESPLAN) Monday through Friday, 8:30 a.m. to 7 p.m. ET.