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The Financial Realities of Elder Care & Long-Term Care Insurance
Please join us for the MMBB Member Luncheon & Address at the Biennial Mission Summit of American Baptist Churches USA on June 23, 2023, from noon to 2 p.m. at the Puerto Rico Convention Center in San Juan, Puerto Rico. To learn more about the luncheon and our workshops, visit www.americanbaptists2023.com.
What’s the first thing that comes to mind when you think about compensation? It’s probably salary. But more often than not, compensation is a package that includes your salary plus a housing allowance and employer-paid income tax offsets, like Social Security and Medicare and more.
For many, there’s also benefits to consider. For instance, health insurance, a retirement plan and reimbursement for ministry-related expenses are all things that may make up part of the package.
Most importantly, a strong compensation package frees you from financial anxiety so you can focus on your ministry. It takes your mind off current or future financial needs so you can be there for those who need you most
Ministers devote their lives to matters of faith, but dealing with salaries and benefits packages may not be their area of expertise. Church trustees review and make decisions about the staff’s compensation. Talking about money can be a difficult conversation for anyone, but it can be even harder for people who serve God. Our Guide to Negotiating Pastor Compensation makes those conversations easier. This publication is for churches, ministers, chaplains, pastoral counselors and those in other forms of ordained ministry.
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Translations of any materials into languages other than English are intended solely as a convenience to the non-English-reading public. We have attempted to provide an accurate translation of the original material in English, but due to the nuances in translating to a foreign language, slight differences may exist.
Las traducciones de cualquier material a idiomas que no sean el inglés son para la conveniencia de aquellos que no leen inglés. Hemos intentado proporcionar una traducción precisa del material original en inglés, pero debido a las diferencias de la traducción a un idioma extranjero, pueden existir ligeras diferencias.
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