Each year, The Board of Pensions of the Presbyterian Church (U.S.A.) uses current annual effective salary data to calculate median annual effective salaries, which are needed for dues billing and benefit determinations for the following year. Based on the annual effective salary information reported to the Board of Pensions as of May 1, 2014, the median full-time salaries for 2015 are:
|Employment Classification||Median Effective Salaries ||% Change|
|2015||2014||2015 vs. 2014|
|Exempt Lay Members||$42,800||$41,700||+2.6%|
|Non-Exempt Lay Members||$31,200||$30,400||+2.6%|
*While the figures used to calculate the pastors’ median include only teaching elder members of the Benefits Plan serving U.S. congregations, the median applies to all teaching elder members for determining benefits based on effective salary: pension credit accruals, disability benefits, and death benefits.
Pension credits, disability benefits, and death benefits are calculated at the applicable median salary when the member’s total annual effective salary is below the median salary for that member’s employment classification. The median salaries shown above are prorated when making benefit determinations for members working fewer than 35 hours a week.
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. The minimum salary requirement for 2015 is $13,850. For more information, please refer to Administrative Rule 305 on pensions.org or call the Board at 800-773-7752 (800-PRESPLAN).