Retirement Plan

The Converge Retirement Plan can help you develop a comprehensive plan that provides lifetime income, so you can retire when you’re ready.



Retirement is no time for surprises

Like the pastor in this video, many church staff members, aren't enrolled in the Converge Retirement Plan. If you already have a great plan in place that will cover your lifetime income needs, well done! But if you don't, we're here for you. We can help you develop a comprehensive plan that provides lifetime income. The Converge Retirement Plan offers three great ways to plan your future.

Lifetime income
Unlike other plans, one of the unique features of the Converge Retirement Plan is the pension, which provides a lifetime income for the participant. This means you do not have to worry about outliving your income. As an added option, this benefit can continue for your spouse in the event of your death. We care for church staff and want them to have peace of mind and financial security in retirement.

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Continued housing allowance
Even after you've retired from vocational ministry, ordained or licensed ministers and commissioned missionaries can still take advantage of the housing allowance benefit. This allows you to continue to offset up to 100 percent of your plan income at tax time. Secular investments can't offer this, however, because we are a denominational plan, we are able to offer this benefit.

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Lump sum savings
In addition to your pension, you have the opportunity to save additional money, through the Defined Contribution plan. This is similar to contributing to a 401(k) or a 403(b) plan. This part of the plan provides another income stream in your retirement.

Not only can pastors join the Retirement Plan, but staff can as well, as long as they are 23 years of age and a full-time (at least 1000 hours per year) employee of a church or district affiliated with Converge.

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How to get started
Managed by investment professionals, the Converge Retirement plan has provided lifetime income to Converge churches, pastors and missionaries since 1967. Don't get surprised at retirement—whether it's around the corner, or decades down the road. Whatever your situation, it's not too late to start saving.

About Converge Retirement Plan
Retirement Plan overview >
Lifetime income >
Housing allowance >
Defined contribution >
Account login >
Resources & forms >
Frequently asked questions >

Ready to get started or have questions?
Email Barb Wright or call 1.888.984.8433.




   2021 2020 2019 2018
Annual return17.01%11.87%20.87%-5.34%
5-yr avg.12.03%10.34%8.01%5.33%
10-yr avg.11.27%9.44%
15-yr avg.8.58%8.48%8.16%7.65%
20-yr avg.8.96%7.86%7.15%6.99%
25-yr avg.9.00%8.82%9.27%8.44%

I encourage every church to make such provisions for their pastors.

John Piper, Founder and Leader of Desiring God