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.
Thrift Savings Plan (TSP) for CSRS Employees. If you are a CSRS employee, the Thrift Savings Plan (TSP) can provide you with a source of retirement income in addition to your CSRS annuity. As a CSRS employee, you may elect to contribute any dollar amount or percentage (1 to 100) of your basic pay to the TSP. However, your annual dollar total cannot exceed the Internal Revenue Code limit which is $15,500 for 2007.