If the pastors compensation changes – goes up or down – will the direct cost of the pension change?
A – Yes, the premium amount would change but amount going into the clergy account would not change if the pastor is eligible for CPP. All full time pastors have the same amount contributed to their pension account regardless of salary because the CPP plan makes up the difference if the pastor makes less than the average salary. This plan is not changing with the new funding paradigm.
