Northwest Texas Conference - The United Methodist Church
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CRSP Calculation

To use this plan comparison calculator, you will need a copy of your 2008 Pastor's Compensation Form.

To enter the correct "Plan Compensation," use the following information from the 2008 Pastor's Compensation Form.

(Line 8 + Line 11) x 1.25, if the pastor lives in a parsonage

or

Line 8 + Line 11 + Line 16, if the pastor has a housing allowance

Take the appropriate total from above and enter it into the Plan Compensation box and click on Calculate.

The software will calculate what the new Pension Program (CRSP + CPP) will cost versus what the old Pension Program (MPP + CPP) would have cost. The Difference and the Percent Increase amount can be found at the bottom of the calculator.

The software shows the amount for the new program broken down as follows:
   New CPP Amount  - which is 3% of the Plan Compensation
   New CRSP Amount - which is a total of 14% of the Plan Compensation*
      *Defined Contribution - 3% of the Plan Compensation
      *Defined Benefit  - 11% of the Plan Compensation

Your total pension cost starting January 1, 2008 will be the total showing on the right hand side of  the total line.

Contact Jan Roberts at roberts@nwtxconf.org or 806-762-0201 ext. 17 if you have any questions.

Plan Compensation
enter your number here 		2007 DAC = $54,081  
The Breakdown
  Former Program New Program
CPP 4.4% of plan comp 3% of plan comp
MPP 12.0% limited by the DAC NA  
CRSP Defined Contribution (DC) NA   3% of plan comp
CRSP Defined Benefit (DB)     11% of plan comp
Total 16.4% 17%

Difference: Percent Increase: