How are MPP Church Account benefits calculated and what are the distribution options?
Benefits are based on the accumulation in your account. Annuity amounts are based on the account balance and your age (for joint-life annuities, the age of your contingent annuitant, or spouse, is also taken into consideration.) A participant may take up to 25% of the MPP account balance as a lump sum. The remaining 75% MPP account balance must be annuitized. Another option is to take the entire account balance as a lifetime annuities.
