- NEXTRECORD - the funds in his or her foreign ministry account to another missionary's ministry. c. Compensation and Benefits Missionaries are paid a monthly living allowance (a personal allowance) from the funds secured by them in their year of deputational ministry. The DFM sets an upward limit on the personal allowance amount that missionaries may receive from their respective accounts. The DFM does not guarantee missionaries a minimum level of support. In fact, missionaries have the power to designate any amount below the limit set by the DFM as their personal allowance. The DFM maintains an association group health care plan administered by the Christian Fidelity Life Insurance Co. (Christian Fidelity). The DFM informs missionaries with respect to the plan but does not require them to participate in the plan. The monthly premiums are transferred from each missionary's account with DFM to Christian Fidelity. The disbursement reports mailed to petitioner in 1992 indicate that petitioner participated in the health insurance plan. The DFM maintains a group retirement plan called the "Minister's Benefit Association" (MBA) plan. The MBA plan allows missionaries to defer a portion of their monthly living allowance to the plan for retirement. The DFM does not require missionaries to participate in the plan. The disbursementPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011