Median Salaries and Dues Minimums and Maximums for 2010
06/25/2009
Median Salaries for 2010
Each year, The Board of Pensions of the Presbyterian Church (U.S.A.) uses current effective salary data to calculate median effective salaries that are needed for dues billing and benefit determinations for the following year. Based on effective salary information reported to the Board of Pensions as of May 1, 2009, the full-time median salaries for 2010 are:
|
Employment Classification |
2010 |
2009 |
2010 from 2009 |
|
Pastors* |
$52,200 |
$50,800 |
+ 2.8% |
|
Exempt Lay Members |
$38,800 |
$37,600 |
+ 3.2% |
|
Non-Exempt Lay Members |
$28,500 |
$27,600 |
+ 3.3% |
*While the figures used to calculate the pastors' median include only ordained minister members serving churches, the median applies to all ordained minister members for determining benefits based on effective salary: pension credit accruals, disability benefits, and death benefits.
Dues Minimums and Maximums
The minimum salary participation basis for healthcare dues in 2010 is $33,930; this is 65% of the pastors' median. The maximum is $104,400, or 200% of the pastors' median.
The minimum salary participation basis for pension and death and disability in 2010 is $13,050; this is 25% of the pastors' median. For 2009, federal law set the pension participation basis cap at $245,000. The cap for 2010 has not yet been determined.
Minimum Salary Requirement
Effective April 1, 2002, the Board of Pensions clarified that, in order to be eligible for enrollment and continued participation in the Benefits Plan of the Presbyterian Church (U.S.A.), a church worker must receive a salary equal to 25% of the pastors' median, prorated for members working fewer than 35 hours a week. This minimum salary requirement is $13,050 for 2010. For more information, please refer to Administrative Rule 305 in the Forms & Publications section of Pensions.org or call 800-773-7752 (800-PRESPLAN).
More Headline News