The Benefits programs available to employees of FMCiC congregations are described in detail in Paragraphs 878.2 – 878.6 of The Manual [see fmcic.ca >Who We Are >Manual>Chapter 8.].
Employees working with at least 20 hours per week are eligible to apply for group benefits coverage. Application must be signed by the employee and received by The Ministry Centre by the 24th of calendar month. Coverage is effective one month from the employment start date.
- Life Insurance
- Dependent Life Insurance
- Long Term Disability
- Supplementary Health Expense
- Accidental Death and dismemberment
- Emergency Travel Assistance
Ministers Pension Plan
The Ministers’ Pension Plan is what is known as a Defined Benefit Plan, which provides plan members with a known and guaranteed level of retirement income. Members earn a fixed percentage of earnings for each year of employment. The pension formula will be based on a member’s Final Average Earnings. Final Average Earnings will be the average earnings of the best three consecutive years in the last fifteen years of service. The Final Average Earnings will be used retroactively, i.e. to the inception of the plan in 1973.