For Conference Action — adopted under IRC §107.
The conference adopts resolutions designating, for January 1 through December 31, 2027, an amount equal to 100% of the pension, severance, or disability payments received from Discipline-authorized plans (including all such payments from Wespath Benefits & Investments) by each active, retired, terminated, or disabled clergyperson who is or was a member of the conference, as a rental/housing allowance for each such clergyperson.
This designation applies to payments arising from service to the conference, any local church, annual conference, general agency, other Church institution, a predecessor denomination, or any employer that contributed to such a plan as part of the clergyperson's gross compensation.
IRS limitation (NOTE in the resolution): the housing allowance a clergyperson may actually exclude from gross income is limited under IRC §107(2) to the least of (a) the amount designated, (b) the amount actually spent to provide a home, or (c) the fair rental value of the home plus utilities. Clergy are urged to consult their own tax advisors.