Pastor salaries, as are teacher salaries, are not keeping up with others with professional degrees, with a minimum of a Bachelorâs degree. According to the National Association of Church Business Administration, the average pastor in 2012 received an annual salary of $28,000.
Several people have e-mailed us recently for information on average retirement plan balances. Those balances are often released by many of the larger plan providers.and we've included those studies on our website. The federal government equivalent of the 401k, the Thrift Savings Plan (TSP) recently released some balances: As of June 30, the average TSP account balance was $61,221 for participants covered by FERS, a spokesman said. The average account balance was $52,356 for employees covered by the older CSRS.
You have several options about what to do with your TSP money in retirement. One of those options is to take monthly payments from your TSP. If you decide to go that route, you can decide how much you want to receive from your account each month. You can choose a fixed dollar amount, ex: $500 a month, or a variable amount that TSP calculates based on your lifetime.