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Covenant of Shared Responsibility

The United Church Board for Ministerial Assistance, Inc., having been richly blessed by resources given by our forbearers and having a century-old mandate to care for and work with those at the frontiers of ministry, is committed not just to the future of the Church but to the Church of the future. Next Generation Leadership Initiative: Target 2030 (Also called “NGLI:Target 2030,” “Target 2030 Initiative” and “The Initiative” in this Covenant of Shared Responsibility (also called “Shared Covenant” herein))isa 20-yearfocus on energizing and sustaining younger emerging United Church of Christ local church pastors, based on the belief that healthy and catalytic pastors’ inspiration leads to healthy and vibrant congregations.

Those selected for NGLI:Target 2030 will be provided with advanced skills training to hone their ability to serve as transformational leaders. A significant financial incentive, valued at approximately $75,000 at maturity, will be provided to successful candidates who participate in the initiative for a full ten-year period.

Since the participant and The United Church Board for Ministerial Assistance, Inc. are making significant commitments to the NGLI:Target 2030, it is important that the participant’s Conference/Association agree to support the participant and their congregation(s) during the program. Therefore, the Conference/Association must acknowledge its partnership of support by agreeing to the terms of this Shared Covenant.

The congregation(s) served by the participant will also derive significant benefit from participation in this Shared Covenant. In addition to the participant’s congregation(s) agreeing to provide time for study and participation, the congregation(s) must also agree to assist in avoiding schedule conflicts. Church leaders must agree to avoid scheduling meetings and events that require the participant’s presence in conflict with program sessions. We also require the participant to contact funeral directors in his or her locale to request that they not schedule funerals without first consulting the participant.

It is acknowledged that the participant may not stay with the same congregation for the full ten-year period, but the participant is expected to have continuous service in a UCC congregation. If the participant changes congregations, the participant must negotiate a new Shared Covenant with the new congregation and Conference/Association.

The participant agrees it is important to make every effort to attend and participate in every session from beginning to end and make the time and emotional commitment to engage the life of his or her class. Late arrivals and early departures, as well as the presence of guests (friends or accompanying family), distract participants’ focus, detract from their immersion in the nascent community, and thus compromise the goals of the program for everyone.

The Shared Covenant includes provisions for and makes adjustment to participation in the program in the following circumstances:

Should a participant miss the January segment of the core professional development program, the process will continue as follows:

  1. In year one, the participant will be allowed to begin with the next year’s class.

  2. In any subsequent year, the participant will be allowed to rejoin the program as a member of the next segment, with the permission of his or her class.

  3. Under no circumstances will a hiatus from the program of more than one year be permitted.

  4. Should a participant miss the Spring, Summer or Fall segments in any year, he or she will have to negotiate with the members of his or her class as to whether or not the participant will be permitted to rejoin the class at the next event.

  5. The vesting schedule will include partial vesting after the successful completion of year four, with final vesting at the end of ten years. (More detail on vesting is provided below.)

The United Church Board for Ministerial Assistance, Inc. will provide a Financial Incentive for Participants in the NGLI:Target 2030 as follows:

  1. Create a special 2030 account for each participant

  2. Seed the account with $10,000 during year one – which should have a value of approximately $75,000 at the end of a 35-year career

  3. At the end of year four, 50% of the value of the 2030 account will be vested as a part of the participant’s accumulation fund (estimated value: $6,300) (More detail on vesting is provided below.)

  4. After year ten, the remaining value of the 2030 account will vest into the participant’s accumulation account (estimated value: $9,000) (More detail on vesting is provided below)

  5. Vesting of 2030 contributions to a participant’s Annuity Fund accumulation account is governed by Section 3.01(C) of the Annuity

  6. Plan for the United Church of Christ (“Annuity Plan”) which reads as follows and the terms of which are expressly made a part of this Shared Covenant:

(C) 2030 Contribution

  1. Contributions may be made to the Plan on behalf of a Church to a Minister’s 2030 Contribution Account in accordance with the 2030 Strategy of The United Church Board for Ministerial Assistance, Inc. (called “the 2030 Strategy” in this Section 3.01). 2030 Contributions are subject to a vesting schedule whereby 50% of the 2030 Contributions and the gains and losses thereon become Vested after four (4) years of Service by the Minister in a local church setting and successful completion of the four-year core curriculum established for the 2030 Strategy. The remaining 2030 Contributions and the gains and losses thereon are Vested after ten (10) years of Service (including the original four (4) years of Service) by the Minister in a local church setting. Solely for the purpose of calculating the vesting of 2030 Contributions, Service begins, and is counted from, the date on which the Minister is accepted into the NGLI:Target 2030 Program. A Minister may take a hiatus or absence from the NGLI:Target 2030 Program for up to one year with the possibility of re-entry, but a hiatus or absence of more than one year ends participation in the NGLI:Target 2030 Program. Notwithstanding the foregoing or any other provision of this Plan, 2030 Contributions shall be 100% vested upon the death or Disability of the Member on whose behalf the 2030 Contributions have been made.

  2. Forfeitures in the 2030 Contribution Forfeiture Account shall be used, to the extent practicable, by the Pension Boards as a source of and as an offset to 2030 Contributions that would otherwise be made to the Plan. If no further 2030 Contributions are payable to the Plan, any amount remaining in the 2030 Contribution Forfeiture Account may be returned to The United Church Board for Ministerial Assistance, Inc. or reallocated on a per capita basis to all other 2030 Contribution Accounts then existing in the Plan, as directed by The United Church Board for Ministerial Assistance, Inc. 2030 Contributions are treated as Church or Employer Contributions under the Plan.

Notwithstanding the foregoing, all parties to this Shared Covenant acknowledge, understand and agree that contributions to the Annuity Plan are subject to limitations and conditions imposed by the Internal Revenue Code of 1986, as amended (“Code”) (the Code is found in Title 26 of the United States Code) and that such limitations and conditions are subject to change at any time; that contributions to be made pursuant to this Shared Covenant may be subject to such limitations and conditions; and that if such limitations and conditions contained in the Code are applicable, then only the contributions permissible under such limitations and conditions contained in the Code will be made to the participant’s Annuity Fund accumulation account and payment of such contributions, even though limited because of the Code, shall constitute full performance under the terms of this Shard Covenant.

The estimated values stated in this Shared Covenant are for informational purposes only and do not represent or constitute, and the participant may not rely on such estimated values as constituting, a guarantee of value by The United Church Board for Ministerial Assistance, Inc., The Pension Boards – United Church of Christ, Inc., the United Church of Christ (“UCC”), any covenanted ministry of the UCC, any UCC church, any UCC-related entity, any UCC Conference or any UCC Association.

While it is the intention of the United Church Board for Ministerial Assistance, Inc. to participate in this Shared Covenant of Responsibility for a ten-year period as presented in the Strategic Plan Revision 8.0 dated September 2008 and as amended by the Plan of Implementation March 2010, all parties understand and agree, as evidenced by their execution of this document, that this Shared Covenant is subject to the continuing availability of funds and may be terminated or modified at the sole discretion of The United Church Board for Ministerial Assistance, Inc. at any time and for any reason.

This Shared Covenant is effective as of the latest signed date below:

The United Church Board for Ministerial Assistance, Inc.

By: _____________________________________________

its: _____________________________________________
                                      (Title)

Date signed: ______________________________________

UCC Conference/Association

Conference/Association Name: ________________________

By: ______________________________________________

its: ______________________________________________
                                       (Title)

Date signed: ______________________________________

UCC Congregation

Congregation Name: ________________________________

By: ______________________________________________

its: ______________________________________________
                                       (Title)

Date signed: ______________________________________

2030 Participant

Printed Name: ____________________________________

Signature: _______________________________________

Date Signed: _____________________________________

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