Covenant Package

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