Eligibility & Employee Compensation

Eligbility
The PBUCC Annuity Plan is a defined contribution plan as described in section 403(b)(9) of the Internal Revenue Code.  Membership in the Annuity Plan for the United Church of Christ is open to anyone working for a UCC employer.
 
Employee Compensation
A member’s compensation and the employer approved contribution rate is used to determine participating employer contributions to the PBUCC retirement plan.

Compensation includes salary and amounts the employer withholds for employee contributions to a Tax-Sheltered Annuity (TSA) or Flexible Spending Account (FSA), along with any housing allowance.  It is important for you the employer to enter compensation changes at the time of the change either using the Employer Benefits Management portal available to employers using ACH payment or by notifying PBUCC via phone or email.

Due to the introduction of online billing, failure to report compensation changes will no longer be corrected with retroactive compensation changes on the PBUCC record keeping system.  Compensation changes will be recorded as current meaning the month they are actually reported.  In cases where a makeup contribution is requested by the employer a separate bill will be generated. 

Note: Retroactive changes must be requested by calling the PBUCC Member Services team at (800) 642-6543 and are subject to review and approval by PBUCC. 

Retirement benefits are based on reported compensation, as are death and disability benefits. Under or late reporting of income or failing to report salary changes, death or disability will result in lower benefits to the member and/or their family.