The Reform Pension Plan is a defined contribution plan organized according to IRS 403(b) regulations. As such,

  • The responsibility of the employer (congregation or other eligible institution) is defined by its contribution— a percentage of salary (including parsonage) or flat dollar amount—deposited to the participant’s pension account
  • The Reform Pension Plan is also a church plan, as the RPB provides benefits to employees of religious institutions
  • All contributions are made on a pre-tax basis, reducing current taxation. Income tax on contributions and earnings is deferred until the participant takes a direct retirement distribution.
  • Retirement benefits are based on a participant’s pension account balance at retirement.
  • You and your employer are responsible for making regular annual contributions to your plan, which—in addition to any investment gains—will help ensure that you will be ready for retirement.