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DID YOU OPT OUT OF SOCIAL SECURITY?
Congress recently passed The Clergy Act.
Beginning in 2029, the legislation establishes a two-year window in which ministers who previously opted out of Social Security may elect future participation in the program. Because this opportunity has not been available for several decades, ministers should carefully consider how participating could affect their individual financial and retirement circumstances.
Guidestone is preparing clear, objective information to help pastors, church staff and ministry leaders understand the legislation and evaluate their options before the election period begins.
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