• Accomplish CEAP Retirement Form No. 7 (Application for Membership in the CEAP Retirement Plan).

• School Board Resolution authorizing application for membership in the CEAP Retirment Plan for its regular and probationary employees.

• Submit the Application Form together with the Board Resolution to the CEAP Retirement Plan Office.

• Allow 2 to 3 weeks for the School’s application to be processed and approved by the CEAP Retirement Commission. The School will be formally notified of the approval by mail.

• As soon as it is approved, a CEAP Retirement Plan school code will be assigned and the School will submit to the Retirement Office the Personal Member Information (PMI) data of its covered employees, inclusive of employee name, employee tax identification number (TIN), date of birth, date of hire, basic salary and principal & secondary beneficiary. The TIN will be the employee’s CEAP Retirement Plan Identification Number.

• For its initial contribution, the School will submit to the Retirement Office CEAP Retirement Form No. 5 (Statement of Retirement Fund Contribution), with the period covered, together with the cash or check payment, duly endorsed, payable to the CEAP Retirement Trust Fund.

• The School’s subsequent monthly contributions can be remitted to CEAP Retirement Trust Fund thru any MetroBank Branch nearest its location. Please refer to the Guidelines on the Remittance of Contributions to the CEAP Retirement Trust Fund.
  

For Non-CEAP-Accredited Schools/Institutions

• Any Catholic school or institution may be accepted by the Retirement Commission as a Participating Employer upon application and upon signing a pledge to the effect that it will pay the contributions required by the Plan for its covered employees, provided that said Catholic school or institution becomes CEAP-accredited within 12 months from the date of acceptance in the Plan and that, in the opinion of the Commission, sufficient proof exists to show that the applicant intends and has the financial capacity, thru the submission of latest audited financial statements at the time of application, to continue its participation in the Plan indefinitely, and provided further that its acceptance will not prejudice the tax exemption of the Plan.

• Process workflow will follow that for CEAP-accredited schools/institutions.
  

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