Concordia
Retirement Plan (CRP)
Contributions
for the CRP are a percentage of the worker’s annual
compensation and are paid by the employer.
If a
minister of religion or deaconess, who is considered self-employed
for Social Security purposes, participates on the Regular
Basis, the employer is to make the amount of the difference
between the Regular Basis rate and the Full Basis rate available
to that person. This special payment assures that all workers
deemed self-employed by Social Security are treated equitably,
whether they are participating in the CRP on the Regular Basis
or the Full Basis. The difference (3.0%) is usually paid directly
to the worker. |
