This Guide is a summary of The Episcopal Church Lay Employees’ Retirement Plan (the Plan) as in effect on January 1, 2024, which covers all eligible lay employees who are enrolled in the Plan by their participating employer. Please keep in mind that this is intended to be a summary document only, and it should not be viewed as investment, tax, or other advice. To request a guide describing plan provisions in effect prior to January 1, 2024, please contact our Client Services group.

You will note that certain terms are capitalized throughout this Guide, which means they are proper names or are defined in our Glossary of Terms. Other more commonly used terms, such as employer-provided housing or participating employer, also appear in our Glossary of Terms because they have a specific meaning for purposes of the Plan.

This Guide uses “you” and “your” when referencing a lay employee who works (or worked) for an Episcopal employer located in the US and is eligible to participate in and is enrolled in the Plan. Although the primary audience of this Guide is lay employees, your eligible spouse and other eligible beneficiaries may also use it as a reference.

The Plan is only for lay employees of Episcopal employers that have adopted the Plan. In other words, an Episcopal employer must be a participating employer in the Plan. Episcopal clergy cannot participate in the Plan (unless they were a member of the Plan prior to being ordained).

The official plan documents will govern the Plan and all the benefits provided by CPF. In the event of a conflict between this Guide and the official plan documents, the terms of the official plan documents will apply.

Individual situations may differ from those described in this Guide. If you would like to discuss your specific circumstances, please contact our Client Services group.