# LCMS Convention Proceedings_St. Louis Missouri_1965_S176 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) 176 RESOLUTIONS — COMMITTEE 10 sion Plan are entitled to receive the minimum benefits provided by Handbook 10.47 if the benefits for a worker under such plan do not at least equal such minimum benefits; and Wuereas, The subsidized minimum benefits of Hand- book 10.47 are to be provided only to the extent that such minimum benefits are not available to a worker through participation in all synodically sponsored bene- fit plans for which he is eligible, whether the Pension Plan, the Concordia Retirement Plan, or the Concordia Welfare Plan; therefore be it Resolved, That Handbook 10.47d, which reads as follows: d. Exceptional Payments Workers who are not participating members of the Synod’s Pension Plan are not entitled to any of the special benefits set forth above. However, the Board for Support and Pensions may make such exceptions as may be justified on principles of right or in the exercise: of Christian love and charity. The Budget Review Committee, together with the Board of Directors, is authorized and instructed to make the necessary appropriations for such special benefits. be deleted in its entirety; and be it further Resolved, To insert three subparagraphs as follows: d. Reductions The amount from time to time determined by the Board of Support and Pensions to be payable under the provisions of a, b, or ¢ above shall be reduced in ac- cordance with the following provisions: The “death benefit” under a shall be reduced by the amount of the lump-sum death benefit payable under the Concordia Welfare Plan, or if the worker was not participating in said plan but was eligible to participate in said plan, by the lump-sum death benefit which would have been payable under said plan had the worker been participat- ing therein; and if the member was retired at the time of his death and was a participant in the Concordia Retire- ment Plan, the death benefit shall be reduced by the amount of the lump-sum death benefit payable under said plan. The free subsidy under b and ec shall be reduced by the amount of the monthly benefit, if any, payable under the provisions of the Concordia Retire- ment Plan and/or the Concordia Welfare Plan; and if the worker was eligible to participate in the Concordia Welfare Plan but was not participating therein, such free subsidy shall be reduced by the amount which would have been payable had such worker in fact been partici- pating in the Concordia Welfare Plan. e. Disqualification A worker not participating in the Pension Plan shall not be entitled to any of the special benefits provided by synodical subsidy under a, 6b, or ¢ above; provided, however, a worker who formerly participated in the Pension Plan and terminated his participation upon be- coming a member of the Concordia Retirement Plan shall continue to be eligible for such special benefits. For the purpose of determining, in the case of a member of the Pension Plan who has transferred to the Concordia Retirement Plan, whether the worker or his widow shall receive the full or a reduced special benefit, the period of his creditable service under the Concordia Retirement Plan shall be treated as years of participation under the Pension Plan. f. Appropriations The Budget Review Committee, together with the Board of Directors, is authorized and instructed to make the necessary appropriations for such special benefits. This resolution is to become effective immediately upon adoption. Action: This resolution was adopted. To Add New “Handbook” 10.58 (Support and Pensions) RESOLUTION 10-17 Report 10-15 Un, Recommendation 9 (URO, p. 47) WuHerEAS, The Board of Managers of the Concordia Benefit Plans has as one of its items for early consid- eration the coordination or integration of the Pension Plan with the Concordia Retirement Plan; and Wuereas, It is hoped that it will be found desirable and advantageous for the workers who have trans- ferred their membership from the Pension Plan to the Concordia Retirement Plan to request transfer of funds from their accumulation under the Pension Plan to the Concordia Retirement Plan; and Wuereas, A new Handbook section is necessary to make possible such a transfer of funds if permissible; therefore be it Resolved, That a new Section 10.58 be added to the Handbook, providing as follows: 10.58 Transfers to Concordia Retirement Plan If the Concordia Retirement Plan shall at any time permit the transfer to it from the Pension Fund of all or any part of a worker’s individual account in exchange for creditable service or other benefits under said Con- cordia Retirement Plan, then in such event, and at the written request of the worker, there shall be transferred, paid over, and delivered to the Board of Managers of the Concordia Retirement Plan from the Pension Fund, assets in an amount equal to all, or any part, of the amount credited to such worker’s account plus an amount equal to the board’s (Support and Pension) estimate of the interest attributable to such portion of the worker’s individual account so transferred which has accumulated since the last crediting of interest. After such transfer shall have been accomplished, the worker shall have no further rights or claims of any kind whatsoever against the board (Support and Pension) or the Pension Fund with respect to the amount so transferred, and such worker shall thereafter look solely to the Concordia Re- tirement Plan for his retirement, pension, or other benefits attributable to the assets so transferred. Action: This resolution was adopted. To Add “Handbook” Section to Make Pension Plan Applicable to Canadian Workers RESOLUTION 10-18 Report 10-15 Un, Recommendation 10 (URO, pp. 47, 48) Wuereas, Certain provisions of the Income Tax Act of the Dominion of Canada apply to the Pension Plan; and Wuereas, Certain of the provinces of Canada have adopted or are in the process of adopting legislation affecting the provisions and operations of private pen- sion plans operating in Canada; and Wuereas, The Pension Plan is and will be subject to the laws of all the provinces in which the Synod has, or from time to time may have, workers partici- pating in the Pension Plan; and Wuereas, The Pension Plan does not meet the legal requirements of the provinces of Canada; and Wuereas, The ultimate impact and effect of new