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.
Hopefully, that will turn around in the current month. Average TSP Balance is Rising. The average Thrift Savings Plan balance in March 2014 was $109,476 for federal employees in the FERS system. The average was $107,285 for those under CSRS. That is a decent increase since March 2013 when the average balance for FERS employees was $95,156 and $95,046 for CSRS employees. The total assets in the TSP new exceed $405 billion and Roth balances are now more than $1.2 billion. The participation rate for FERS employees is up to 87.1%. The participation rate for active duty military personnel is up to 41.1%.