Vol. XVIII, Issue 23

June 4, 2019

Adoption Agreements for 2020

Wespath recognizes that many of you are holding Annual Conference Meetings now and in the coming weeks. We apologize for any challenges caused by the approaching deadlines for Adoption Agreement submissions.

Please complete and submit the following documents:

It is important to submit these agreements on time to ensure fall actuarial reports reflect the final 2020 past service rates (PSR).

If you are making changes for 2020, please also complete and submit:

Please contact:

* Annual conferences adopting UMPIP Automatic Features effective January 1, 2020—Wespath will send signature-ready UMPIP adoption agreements effective January 1, 2020 to annual conferences that are adopting Automatic Features according to the timetable discussed with those annual conferences.

DAC and CACs Now Available for 2021

The Denominational Average Compensation1 (DAC) and Conference Average Compensations (CACs) for jurisdictional (U.S.) conferences are now available for 2021. This document provides a complete listing, by conference name, of both the 2020 and 2021 figures.

In addition, this graph may be of interest. It shows that while the total amount of compensation in the United States for full-time clergy has been decreasing the past few years, the total number of U.S. full-time clergy has been decreasing faster. Therefore, the average full-time compensation level has continued to increase. The DAC increased 2.1% this year which is in line with increases over the last few years.

In order to use the DAC and CAC figures properly, please remember the following:

To accommodate the Church’s advance budget planning needs, Wespath sustains a long tradition of calculating the DAC with a two-year lag. In other words, the 2021 DAC is calculated based on 2019 compensation data. There are no adjustments or projections to account for the two-year difference.

1 Denominational Average Compensation is a specifically defined term associated with the Clergy Retirement Security Program, including its Supplements, and the Comprehensive Protection Plan. As such, its name can be changed only by General Conference.

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