The UPCI OFFERING BENEFITS TO ITS MEMBERS

[TrmptPraise]

Originally Posted by Dora

Is it finally going to happen? Do you think the UPCI will finally step up and offer a benefits package to its ministers including health/life insurance, 401k, retirement support, pensions?

Do you think several Tulsa recruits could be persuaded to stay with the mothership if they were offered benefits?

Why are elderly UPCI preachers allowed to waste away without financial support in their senior years after all that they have contributed?

Why do preacher's wives and children have to go without insurance because their husband don't have "company" health insurance?

What is your financial plan to make all of this appear? Is the health insurance premiums going to come from ministerial dues, district tithes, maybe Sheaves for Christ? A 401K requires the minister to participate, not just "the company." I just want to know where you are going to get this money.

[Dora]

Originally Posted by TrmptPraise

What is your financial plan to make all of this appear? Is the health insurance premiums going to come from ministerial dues, district tithes, maybe Sheaves for Christ? A 401K requires the minister to participate, not just "the company." I just want to know where you are going to get this money.

I'm no financial guru. I'm asking the peeps if this could ever be a possibility.

Where would they get the funds to do this? The ministers would most likely have to pay into the deal in order to partake.

Anybody have a viable plan?

[TrmptPraise]

Originally Posted by Dora

I'm no financial guru. I'm asking the peeps if this could ever be a possibility.

Where would they get the funds to do this? The ministers would most likely have to pay into the deal in order to partake.

Anybody have a viable plan?

My point exactly. One of my best friends does this on a regular basis for evangelists, ministers, and pastors on a regular basis. There are certified financial planners throughout the organization that provide the very services you describe, getting them group rates on health insurance, making retirement decisions based on their ministerial income, setting up college funds and retirement funds through the private sector. Creating an in-house plan would likely be more restrictive in its options for the minister, generate more administrative costs for the UPC, and would be less desirable option to what the minister could get by dropping by his local CFP office.

Investing is a serious decision and should not be solely made on the basis of a forum post. Please read and understand the complete forum syllabus prior to making such a decision.

[pelathais]

Originally Posted by Dora

I'm no financial guru. I'm asking the peeps if this could ever be a possibility.

Where would they get the funds to do this? The ministers would most likely have to pay into the deal in order to partake.

Anybody have a viable plan?

The present "entrepreneurial" system works, sort of (please note: "sort of"). One church where I had worked, the pastor and his wife were covered by a health insurance plan paid for by the church. I (the only other full time staff) was covered by my wife's health insurance from her job.

To ask the church to provide me with what I was already getting would have involved the church paying much more than the premium we paid to my wife's employer's plan. Since the church was the goal of all of our collective activities we often discussed things in terms of "What will be the least burden on the church and the saints?" This was a medium to larger sized UPC church and yet no one was living even close to "riches."

[Hoovie]

Originally Posted by TrmptPraise

What is your financial plan to make all of this appear? Is the health insurance premiums going to come from ministerial dues, district tithes, maybe Sheaves for Christ? A 401K requires the minister to participate, not just "the company." I just want to know where you are going to get this money.

Right there are no "free" entitlements. While group insurance costs less in therory it is not always true.