Pre-Conference Workbook - North Carolina Conference of The ...

35-39 20% 80%
40 or more 10% 90%
2. Age Less than Medicare Eligible (retiree and/or dependents)**
Years of Individual Board of Pension
NC Pension Credit Contribution Contribution
0-4 Not Eligible Not Eligible
5-9 80% 20%
10-14 70% 30%
15-19 60% 40%
20-24 50% 50%
25-29 40% 60%
30-34 30% 70%
35-39 20% 80%
40 or more 10% 90%
3. **The minimum monthly premium billed to the individual will be no less than the active
monthly personal portion of the premium for the applicable coverage type.
E. Retirement after January 1, 2007 (revised June 2008)
(Subject to plan changes effective 1/1/2014, section VI.H)
(Eligibility policies can be found in Report B, Section VI B.)
1. Effective January 1, 2007 the Conference Board of Pension will fund only the % above as
applied to the Medicare Companion plan rate. Retirees and/or dependents not yet
Medicare eligible age will be responsible for the difference between the funded amount
as calculated based on the above table(s) and the remaining cost of full coverage.
2. The above % of the Medicare Companion plan premium will be applied to the total active
family rate until both the retiree and spouse attain the Medicare eligibility age.
3. Participants who retired under provision E1, (2007 rule) will have their rates re-calculated
effective July 1, 2008 to comply with the new E2 provision.
F. Retirement after July 1, 2009
(Subject to plan changes effective 1/1/2014, section VI.H)
(Eligibility policies can be found in Report B, Section VI B.)
Clergy under appointment as of June 30, 2009
1. Post retirement insurance plan eligibility for clergy who are licensed, commissioned, or
ordained under NC Episcopal appointment to a NC Conference responsible appointment
(i.e., eligible for enrollment in the Conference Insurance Plan) as of June 30, 2009 will be
determined using years of NC pension credit/pension eligibility accrued through June 30,
2009. Effective July 1, 2009, accrual of future year’s credit toward post retirement
benefits will be determined by months of enrollment in the Conference insurance plan
with a minimum of 60 months immediately preceding retirement.
2. The retiree must participate in the NC Insurance Plan for 60 consecutive months
immediately prior to the date of retirement.
3. In order to maintain insurance benefits after retirement, the retiree must be enrolled in the
applicable coverage immediately preceding the date of retirement.
4. Clergy with 60 months of participation in the NC Insurance Plan immediately prior to
retirement, but less than 180 months in the plan (over the course of career) will have
access to the NC Conference Insurance Plan and contribute the full cost of the applicable
coverage of the plan.
5. The retiree may only cover dependents that are covered at the time of retirement.
6. Funding will be based on the chart printed below:
Years of NC Pension Credit/ Individual Contribution Board of Pension’s
Years in NC Insurance Plan
Contribution
0-4 Not eligible Not eligible
2013AnnualPensionsRpt
Printed on 5/22/13
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