skip to main content
Financial Services
Financial Services Supporting Your Calling is Our Calling MonitorMMBB Supporting Your Calling is Our Calling


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.

Stay Informed
Email Address
Close Alert

You will be linking to another website not owned or operated by MMBB. MMBB is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by MMBB of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from MMBB.

If you “Proceed”, the link will open in a new window.

Close Alert

You are leaving the MMBB website and linking to a secure third-party giving page authorized to act on MMBB’s behalf.

If you “Proceed”, the link will open in a new window.

back to topBack to Top