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

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3. Within a reasonable time before making an eligible rollover distribution from the Fund, the
Conference Treasurer shall provide or cause to be provided the written explanation to the
distributee required by Code section 402(f).
XIII.Disability Leave - A minister who is approved for and placed on Disability Leave granted by the
Conference may elect to:
A. Continue as an active member and pay one percent (1%) of the disability pay received from
all sources. Should Disability Leave be granted between sessions of Annual Conference, 1%
of the disability pay received from all sources computed to a 12 month amount shall be paid.
B. Be treated the same as a transferring member.
C. Receive benefits the same as a retiring member.
D. Terminate from the Fund and receive all benefits within thirty (30) days following the granting
of Disability Leave.
The minister shall notify the Conference Treasurer in writing of his or her choice of option within
ten (10) days following the granting of Disability Leave. In no case would the member receive less than
the member’s assessments plus interest, determined as described in Article IX.
XIV.Leave of Absence - A minister who is approved for and placed on Leave of Absence by the
Conference may elect to:
A. Continue as an active member by paying 1% of the Conference Average Salary and Utilities
while on leave.
B. Be treated the same as a transferring member under Article XVI.
XV. Less Than Full Time Service - A Conference member who is approved for less than full time
service by the Conference may elect to:
A. Continue as an active member for no more than three years by paying 1% of the Conference
Average Salary and Utilities (within the meaning of Article XIV) while serving less than full
time.
B. Withdraw from the Fund according to the provisions of Article XVII.
XVI.Membership Transferring - Any ministerial member who leaves the North Carolina Conference
by transfer to another annual conference of The United Methodist Church cannot make any
further payment to the Fund. He or she may leave his or her account (including dividends, if any)
in the Fund until retirement. If this is done, the benefit under this Fund will be computed as of the
date of transfer from the North Carolina Conference with interest determined in the manner
described in Article IX, determined from the date of transfer to the date of retirement. If the
account is left, and the minister returns to the North Carolina Conference, he or she may reinstate
his or her payments and dividend earnings, effective at the time of transfer back into this
Conference.
XVII.Withdrawing From The Fund Prior to Retirement - If a member desires to withdraw from the
Fund prior to retirement, upon a written request to the Conference Treasurer, he or she shall
receive the amount he or she has paid into the Fund, plus interest determined in the manner
described in Article IX each year he or she was participating in the Fund. Amounts in the
members account in excess of the amount determined under the preceding sentence shall be
forfeited and reallocated as dividends for the year of forfeiture pursuant to Article VII.
Each member whose membership is terminated in the Fund in any way will provide the
Conference Treasurer with a statement indicating that he or she has received the funds for which
he or she is eligible, and that he or she is no longer a member of the Fund. Any minister leaving
the North Carolina Conference to join another denomination other than The United Methodist
Church will be required to withdraw from the Fund and payment will be made to the minister
according to the formula set forth in the first paragraph of this Article XVII.
XVIII.Reinstatement - A member who has withdrawn from the Fund may not be reinstated, but is
required to begin anew as though he or she were a new member. A minister shall not be
permitted to rejoin the Fund more than two (2) times during his or her ministerial career.
XIX.Hearing Committee
A. The Committee - A Hearing Committee consisting of the Board of Pensions Executive
Committee, Conference Treasurer, Director of Ministerial Relations, Conference Controller,
and the Conference Insurance Group Administrator shall have authority to act on behalf of
the Board of Pensions between Annual Conference sessions concerning matters that relate
to, but are not specifically covered by, this constitution of the Ministers’ Transition Fund. The
Plan Administrator for the Fund for other plan administrative matters and matters delegated
by the Hearing Committee shall be the Conference Insurance Group Administrator.
2013AnnualPensionsRpt
Printed on 5/22/13
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