From The Director Columns
For the first six months of 2024, the average minister received $1,153 in contributions from NBUSA.
Retirement readiness of active ministers is the single most significant financial issue facing U.S.-based Nazarene churches today.
Under this new program, pastors who meet the maximum matching requirements would earn a P&B-provided benefit of $2,500 to their 403(b) account.
Starting in 2024, employees may receive matching contributions in their retirement plan for payments they make toward their student loans.
It will be up to individual participants to gauge the progress of their returns, level of risk, and underlying costs and fees associated with each fund.
The elephant in the room is that most of our full-time lead pastors are not adequately preparing for retirement.