Basic Pension Plan FAQ

Frequently Asked Questions about The Basic Pension Plan

This section applies only to those who were participants in the Basic Pension Plan as of December 31, 1995, or prior. There are no new participants after December 31, 1995.



Can I receive distributions from my Traditional Nazarene 403(b) account as tax-free housing allowance?

You can only do this if you are a district licensed or ordained Nazarene minister over the age of 59½. You may request that Fidelity Investments designate your withdrawal as housing allowance for retirement housing purposes. To do this, contact Fidelity toll-free at 1-866-NAZARENE (629-2736). Fidelity will send a pre-completed form to you to review and sign. If you are married, both you and your spouse will need to sign the form.



Progress!

The steady increase in the level of average total contributions added to a minister’s Plan account reached $5,600 for the first three quarters of 2024.

Born Again

What reached my soul was realizing that finding the kingdom of God, finding my life in God, finding a way into the future without my husband, was not my work.