The Annuity Plan provides lifetime retirement income or beneficiary benefits to clergy and lay employees.
Membership in the Annuity Plan for the United Church of Christ is open to anyone working for a UCC employer. The Annuity Plan is a defined contribution plan as described in section 403(b)(9) of the Internal Revenue Code.
As a member of the Annuity Plan, in addition to being eligible for employer contributions, members may also make pre-tax personal contributions (also referred to as a tax-sheltered annuity or TSA) to the Plan. This savings opportunity is available to members whether or not their employer makes contributions on their behalf. The benefit provides members with additional money towards their annuities at retirement, and since personal contributions are withheld from pay under a salary reduction agreement, members also enjoy federal income tax advantages while they are contributing.