# LCMS Convention Workbook_St. Louis Missouri_1981_S97
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

TASK FORCE

for workers in Canada, with such provisions and
benefits as the Board of Directors in its discretion
shall deem appropriate or desirable in the light of
applicable laws and the best interests of workers in
Canada.

b. Ifthe Board of Directors shall adopt such anew
plan, it may direct the Treasurer of the Synod (or the
trustee or trustees then holding the assets funding the
benefits of Canadian workers) to cause to be trans-
ferred to such new plan assets held under the Pension
Plan for Pastors and Teachers in an amount equal to
the aggregate value of the individual accounts of
those workers in Canada as will thereafter be par-
ticipating in such new plan; provided, however, that
the Board of Directors shall not direct the transfer of
assets from the Pension Plan for Pastors and
Teachers to such new plan unless a competent actuary
shall certify to the Board of Directors that after such
transfer the benefits of any worker whose account
shall be transferred shall not be less than the
actuarial equivalent of the accrued benefit of the
worker under the Pension Plan for Pastors and
Teachers at the time of the transfer, and unless the
worker’s personal accumulation in the Pension Plan
for Pastors and Teachers as of the time of transfer
shall be subject to terms no less favorable to the
worker than the provisions of the Pension Plan for
Pastors and Teachers. With the consent of the worker
involved, the Board of Directors may order such
transfer of assets to the new plan without regard to
the foregoing restrictions. Any worker whose account
shall be transferred from the Pension Plan for Pastors
and Teachers to such new plan shall after such
transfer look solely to the fund held under such new
plan for the satisfaction of his pension benefits.

10.03 Concordia Retirement Plan

The “Concordia Retirement Plan for Ministers of
Religion and Lay Workers of The Lutheran Church—
Missouri Synod, Its Member Congregations, Con-
trolled Organizations, and Affiliated Agencies” is the
retirement plan adopted by the Board of Directors
pursuant to Resolution 10-02 of the 45th convention of
the Synod, as such plan has been heretofore or may
hereafter be amended by the Board of Directors. The
text of the plan, as amended from time to time, shall
be published in booklet form under the supervision of
the Board of Managers—Concordia Retirement Plan.

10.13 Change or Termination of the Plans

a. The Pension Plan for Pastors and Teachers
may be amended, modified, or changed in whole orin
part, from time to time by the Board of Managers—
Pensions and Support with the approval of the Board
of Directors, and shall be amended, modified, or
changed pursuant to resolution of the Synod in
convention.

b. The adoption of the Concordia Retirement,
Survivor, and Welfare Plans was authorized with the
intention that they will be continued indefinitely for
the benefit of present and future eligible workers of
the Synod and the other employers participating
therein. However, the Board of Directors shall have
the right to amend, change, or modify any such plan
retroactively or prospectively, in whole or in part,
from time to time, including changes in the benefits;
provided that no amendment, change, or modification
of any plan shall (a) cause or permit any part of the
corpus orincome of the trust forming a part thereof to
be diverted to purposes other than for the exclusive
benefit of members and their dependents, (b) cause or
permit any portion of the assets of the trust under
such plan to revert to, orto become the property of, the
Synod or any other employer participating therein, or
(c) in the case of the Concordia Retirement Plan, have
the effect of divesting a member of a vested benefit

2.687 Concordia Retirement Plan

The “Concordia Retirement Plan for Ministers of
Religion and Lay Workers of The Lutheran Church—
Missouri Synod, Its Member Congregations, Con-
trolled Organizations, and Affiliated Agencies” is the
retirement plan adopted by the Board of Directors
pursuant to Resolution 10-02 of the 45th convention of
the Synod, as such plan has been heretofore or may
hereafter be amended by the Board of Directors of the
Synod. The text of the plan, as amended from time to
time, shall be published in booklet form under the
supervision of the Board of Managers—Concordia
Retirement Plan.