Questions and Answers:

Q. How do I find out if I am eligible for the Retirement/Death Benefit Plans?
A. Call MMBB to verify or confirm your eligibility for membership.  Your employer must be willing to pay the premiums.

Q. Who pays the $65 deposit?
A. Your NACCC employer.

Q. What happens to my participation if I become disabled?
A. If you meet the plan's definition of disability, your participation will continue and you will receive disability income and benefits.

Q. What is normally included in my annual compensation?
A. If you are a lay member, your annual compensation consists of your annual cash salary.  If you are a minister your compensation will also include:
-the fair rental value of the parsonage plus the cost of utilities, and/or
-your cash housing allowance, or
-an estimate of the cash value of your room and board, and
-any Social Security/Medicare tax offset your employer provides (inclusion is optional for determining Retirement/Death Benefit Plans premium).

Q. Who reports increases in my compensation?
A. Check with your employer to be certain all changes in your compensation have been reported to MMBB.

Q. What does immediate "vesting" mean?
A. Immediate vesting means you have the right to the value of your Retirement Plan account according to the terms and conditions of the plan, with NO waiting period.

Q. How has the accumulation unit value performed in the last 20 year?
A. The unit value increased from $22.61 in 1981 to $241 at the end of 2001.

Q. How will the unit value grow over the next 10 years?
A. There is no way to predict how it will grow from day to day, let alone over the next 10 years.  The example above shows how the value increased through investments in the Balanced Fund.  The plan added more funds in 2000, each of which will perform differently from day to day and year to year.

Q. How do I go about developing a sensible investment strategy?
A. Asking for help from a professional investment advisor is a good way to begin.  Several suggestions for selecting a financial advisor can be found on MMBB's Web site, www.MMBB.org.

Q. When can I retire?
A. You may retire whenever you wish; there are no age requirements.  However, when you convert your account to an annuity, the timing of your retirement will have an impact on the dollar amount of your retirement income.  For example, the earlier you retire the less time you'll have to build up your account balance.  You are required to terminate your NA employment before starting your retirement income.

MMBB

 The Ministers and Missionaries Benefit Board
475 Riverside Drive, Suite 1700, New York, NY 10115‑0049
Phone: 1‑800‑986‑6222 Fax: 1‑800‑986‑6782 www.mmbb.org
Email: service@mmbb.org