Readiness for retirement program available for rostered ministers
Through the ELCA’s Resourceful Servants initiative, eligible rostered ministers can build up their retirement savings . A process of qualification and application must be completed by October 15, 2020. Learn more.
Recipients’ increased individual contributions of $600 to their ELCA retirement plan accounts with Portico are matched dollar for dollar, for a period of one-year. For the average ELCA rostered minister, the estimated value of this total investment at retirement is over $4,000. Matching funding is provided through a generous donation from the Lilly Endowment, Inc.
ELCA rostered ministers serving a call who have less than 15 percent of their compensation contributed to their ELCA retirement plan account with Portico (employee and employer contributions combined) are eligible to apply. The churchwide organization has funding to match the contributions of 250 ELCA rostered ministers.