As an "aging" Pastor of 93, I feel relatively qualified to pass along to you a few suggestions for offsetting those feelings of boredom and non-productivity which we all share once we have lost the allure of "going out to pasture."
Wondering if a church "opts out" of the Minister's Pension Plan, even temporarily, if it's possible to pick it up again in the future? Or is it a case of once you're out, you're out??
What will be the pension for each if these Pastors when they turn 67 in five years?
Careful preparation for retirement brings major advantages for pastors and congregations both before and after the actual farewell event. Many denominations and pastors have studied the matter of retirement with care.
A registered Retirement Savings Plan (RSP) is an investment account designed primarily for saving toward your retirement years. As a retirement savings vehicle, regulated by the Canadian government, RSPs have special tax benefits.