Reasons to Join the MMPS

The Methodist Ministers Pension Scheme provides a defined benefit, so you know what you are likely to get at retirement. This helps you plan for your retirement.

On Retirement

  • A pension based on Final Stipend x 1/80 (1/70 for service before 1 September 2010) x years of Pensionable Service.
  • The option to exchange part of the pension for a tax free lump sum.
  • An enhanced pension should you have to retire early due to ill-health.
  • Annual pension increases.

You are also covered for life assurance and ill health benefits are included as part of the package.

On Death after Retirement

  • A spouse's/civil partner's pension equal to half your own pension (before you exchange any part of it for a cash lump sum).
  • Dependent children's pensions equal to 25% of the spouse's pension for each child under age 18, subject to a maximum of four children.
  • A lump sum payable if you die within five years of starting to receive your pension.

On Death before Retirement

  • Spouse's/civil partner's pension equal to 50% of your prospective pension based on potential service to retirement.
  • Dependent children's pension equal to 25% of the spouse's pension for each child under age 18, subject to a maximum of four children.
  • A lump sum equal to 3 x Stipend.
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