2010 Clergy Group Term Insurance

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Where to Send Payments

If you have questions about where to send donations, registration payments, additions to your Joint Investment Fund account, the attached document may provide the answer you are looking for.

icon Where to Send Payments to the Diocese

Attention: open in a new window.

This is an advance notice about information we will be sending to parishes in December 2010.

The Church Pension Fund provides clergy with group-term life insurance at no cost to them or to parishes. Most clergy have coverage equal to $100,000.

The cost of grou-term life insurance coverage in excess of $50,000 is a taxable benefit to clergy. The amount of this taxable benefit must be included on the clergy's Form W-2 for 2010.

The Church Pension Fund will be calculating the amount of the benefit and sending this information to the diocese around December 1st. We then will be sending the information to parishes no later than December 10th so that the correct amount can be included on the W-2 forms.

We wanted to provide parishes this advance notice so that they are aware of the benefit and its inclusion of the W-2 form and know when to anticipate the information.

Please contact Sue Leishman, CFO at (216) 774-0450 for further information.