Effective for Employees hired on or after January 1, 2008:
If you are eligible for the Defined Benefit Pension Plan, but wish to decline participation, you may do so under the following circumstances:
- If you are or will be entitled to receive benefits from a retirement plan maintained by an employer that is not the Church.
- If you have cultural traditions, patterns or expectations that interfere or contradict with your participation in the plan, and do not violate non-discriminatory procedures and rules established by the Pension Board.
The right of an employee to decline to participate is optional and voluntary. An employee who has the right to decline participation, but who fails do so in a timely manner shall be eligible to participate in the plan.
An employee who timely and properly elects to decline to participate in the plan shall not thereafter be permitted to revoke such declination. Individuals who waive participation based on the options need to understand there will not be another opportunity to come back into the program. This will also apply to all other Free Methodist local church, employer-sponsored retirement programs.
To print a copy of this waiver, please click on the link below: