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::2008 Information
- 2008 Salary increase for full-time pastors is 3.3% of cash salary as approved by
the 2007 National Conference - Cash Salary is defined as the base compensation amount before housing
allowance, social security, pension contribution or any other additional benefit
or deduction to salary. - Minimum Cash Salaries for 2008, which include the 3.3% increase for 2008:
New Licentiate: $29,355
Deacon/Licentiate II: $31,318
Newly Ordained Elder: $31,715 - Housing Allowance:
For EC Church Administrators: $12,400
For Churches - secure appraisals (include average fair rental value of housing
in your community, plus furnishings and utilities) from 3 local realtors -
calculate an average of the 3 appraisals for an equitable housing allowance
in your locale - this should be done every 3 years. - Rental Value of Parsonages: secure appraisals (include average fair rental value of
housing in your community, plus furnishings and utilities) from 3 local realtors
- calculate an average of the 3 appraisals for a fair rental value on your
parsonage in your locale - this should be done every 3 years - Continuing Education Allowance: Minimum of $1,000
- 2008 Contribution to the Pastor's 403B pension account:
$1,500.00 - full-time; $780.00 - part-time - Self-employment Social Security Tax: 15.3% (Churches pay 7.65% to their
pastor) - The following are usually released for publication in October of each year. These will be updated when the information is available.
- IRS Standard Mileage rate for 2008: 50.5 cents/mile
- 2008 Salary reduction Limit for employee pension contribution:$15,500
- 2008 Catch-up contribution for pension 403(b) for anyone 50 years of age or older: $5,000/year
- Instructions - 2008 Statement of Pastor's Compensation
- 2008 Statement of Pastor's Compensation Form
- Pastor's Compensation Agreement Form
- Pastor's Compensation Manual