Eligibility & Employee Compensation

Eligibility

The Annuity Plan for the United Church of Christ, administered by the Pension Boards, is a defined contribution plan as described in section 403(b)(9) of the Internal Revenue Code. Membership in the Annuity Plan is open to anyone working for a UCC employer. 
 
Employee Compensation
A member’s compensation and the employer-approved contribution rate are used to determine participating employer contributions to the PBUCC Annuity 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 (1.800.642.6543) or email (This email address is being protected from spambots. You need JavaScript enabled to view it.).

With the introduction of online billing, failure to report compensation changes will no longer be corrected with retroactive compensation changes on the PBUCC recordkeeping system. Compensation changes will be recorded as current, meaning the month they are actually reported. In cases where a make-up 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 1.800.642.6543, 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.