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IRS Ruling 75-22 allows denominational pension boards such as MMBB to designate a housing allowance for retired ministers receiving income from their 403(b) retirement accounts.


Wondering if you qualify for the retirement housing allowance? Answer these questions:

  1. Did/do you hold ministerial credentials, either with the American Baptist Churches USA or another church denomination/convention?
  2. Did you receive compensation for ministerial duties?
  3. Do you have a 403(b) retirement account with MMBB Financial Services?
  4. Have you made contributions out of your ministerial earnings into your 403(b)?
  5. Are you currently retired, as defined by the IRS?*

If you answered “yes” to ALL FIVE questions, you may qualify to receive a retired minister’s housing allowance from the IRS. 

Please contact one of our Senior Benefits Specialists at 1.800.986-6222 for additional information.


*The IRS defines official retirement as willful termination of employment with no intent to seek a new job after the age of 55. Regulation If you plan to retire before the minimum age of 59-1/2, you can make withdrawals from your retirement accounts only under specific conditions without paying a mandatory 10 percent penalty.


A Message for MMBB Members

The MMBB Retirement Plans recordkeeping transition to Fidelity is complete.  Currently only MMBB members with a balance in their retirement account are eligible to register for the MMBB Member Portal. If you don’t have a balance in your MMBB retirement account no action is required at this time.

Eligible members who have not yet registered will receive an invitation including a unique URL to set up their Member Portal credentials. Thank you.



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