Death and Disability Plan

The Death and Disability Plan provides employees with peace of mind and financial security in the event of total disability or death. By offering these comprehensive benefits, you can help your employees plan ahead and provide financial security for themselves and their families — when they would need it most.

The Board of Pensions self-funds the Death and Disability Plan, primarily from investments in the Balanced Investment Portfolio. The plan includes the following:

• Death benefits. These benefits can play a critical role in making sure loved ones are financially protected in the event of a member’s death.
• Disability benefits. When an employee is out of work for an extended period of time because of a long-term disability, this coverage provides a monthly payment generally equal to 70% of the greater of the member's effective salary or the median salary.

Eligibility

You can provide the Death and Disability Plan to employees regularly scheduled to work at least 20 hours per week. The plan is included in the Covenant Package, the Congregational Pastors Package, and Transitional Pastor’s Participation.

Cost

The Death and Disability Plan is paid 100% by the employer. Dues for this coverage are 1% of effective salary if provided with Defined Benefit Pension Plan enrollment, or 2.5% of effective salary if provided without the Defined Benefit Pension Plan.

Interested in offering death and disability coverage? Here's what to do next.

For current employers

If you currently offer benefits through the Benefits Plan of the Presbyterian Church (U.S.A.), you may elect this benefit when you update your Employer Agreement for the following year.

For new employers

If you do not currently offer benefits through the Benefits Plan and would like to learn more about its features and how the Board of Pensions serves employers, call our Employer Services team at 800-PRESPLAN (800-773-7752) (TTY: 711) to discuss how we can best meet your and your employees' needs.