Social Security is a vital part of everyone's retirement plan. Under current tax laws and under the Church of the Nazarene polity, ministerial participation in Social Security is virtually mandatory. Pensions and Benefits USA encourages local churches to reimburse the Social Security tax paid by their ministers. Most Nazarene churches make this a standard part of their employee benefit package.
An estimate of your Social Security benefit may be obtained by using the Retirement Calculator located on the Social Security website. This calculator produces estimates that are based on your actual Social Security earnings record.
- Memo #3 - Tax and Reporting Procedures
- Memo #10 - Can Ministers Opt Out of Social Security?
- Make the Most of Your Social Security—Webinar from Fidelity Investments