That’s why we joined with GuideStone Financial Resources to offer the Church Matching Benefit Protection Program.
It’s a simple, yet comprehensive, way to give your church leaders and employees access to a retirement plan and coverage against uncertainties of the future.
The opportunity to enjoy the benefits of the Church Matching Benefit Protection Program is a result of participation in the GuideStone Church Retirement Plan. This 403(b)(9) retirement program has been designed specifically for TexasBaptists churches. The Church Retirement Plan helps participants legally reduce taxes while saving for retirement. If your church or association contributes undesignated gifts through the Texas Baptists Cooperative Program, your pastor, ministers, and non-ministerial staff may qualify for a variety of benefits, including:
Pastors and eligible staff may have their contributions to the retirement plan augmented by matching funds from the Convention. After the church or minister contributes $1,200 per year to the retirement plan, Texas Baptists provides matching funds of $250 per year. Matching is available for pastors and ministerial staff only.
This benefit provides monthly income of up to $500 per month if the covered employee becomes disabled, as well as a monthly contribution to his or her retirement account.
Whether treated as primary coverage (for younger church staff members) or supplementary to existing life insurance, this offers important protection for that person’s family – paying the benefit to the spouse or other named beneficiary at the death of the covered employee.
| Age at Death | Maximum Benefit |
|---|---|
| 35 and under | $100,000 |
| 36-45 | $75,000 |
| 46-55 | $50,000 |
| 56-65 | $25,000 |
| 66-70 | $16,000 |
| 71 and over | $10,000 |
You and your church can start offering the plan simply by making the qualifying yearly contributions to the Texas Baptists Cooperative Program.*
| Number of Participants | Qualifying Contributions |
|---|---|
| 1 | $1,200/year |
| Each additional person | Additional $500/year |
All benefits – matching funds, disability coverage, and survivor benefits – are available to:
Disability insurance and survivor benefits only are available to non-ministerial staff members who:
Church school or daycare employees are not eligible.
*GuideStone® Financial Resources requires each participant to be participating in the Church Retirement Plan. For more information on the Church Retirement plan, please contact GuideStone at 1-888-98-GUIDE (1-888-984-8433).
For more information, call Texas Baptists at 888-244-9400.