Covenant Package
The Covenant Package gives employees access to benefits that help them thrive in all areas of life. This package provides critical income protection at a value that can’t be found on the commercial marketplace.
Who’s eligible
Any employee working 20 hours or more per week may be eligible for this package, regardless of ordination, including:
- employees who are not ministers
- ministers of the Word and Sacrament serving in congregational settings (not installed)
- ministers of the Word and Sacrament serving outside of congregational settings
Cost
Dues are 10% of the employee’s effective salary, paid entirely by the congregation or employer.
What’s included
The Covenant Package offers holistic benefits that help members thrive:
- The Defined Benefit Pension Plan provides guaranteed monthly income throughout retirement.
- The Death and Disability Plan offers peace of mind and income security.
- The Temporary Disability Plan provides partial income to employees if they become unable to work because of a short-term sickness or injury.
- The Employee Assistance Plan includes access to in-person and online counseling, mental health care navigation, financial and legal assistance, resources for child and senior care, and more.
Add-on benefits
To create a customized benefits package that fits their needs and the needs of their employees, employers can offer these benefits with the Covenant Package:
- Medical Plan (PPO, EPO, or HDHP)
- Dental Plan
- Vision Plan
- Retirement Savings Plan
- tax-advantaged accounts, including flexible spending accounts
- supplemental death benefits
Assistance and education programs
Members of the Benefits Plan, including those enrolled in the Covenant Package, gain access to Board of Pensions programs that cultivate their wholeness:
- Lifelong Learning, supporting members at specific stages of their life, career, or ministry
- Assistance Program grants, providing financial assistance to eligible members