Collection › LCMS Convention Workbook (St. Louis, Missouri) › 1981 · 54th Convention › Page 96
LCMS Convention Workbook St. Louis, Missouri — 1981, Page 96

Scan: The Lutheran Church—Missouri Synod
Transcription machine transcription, uncorrected

96

TASK FORCE

shall be made on a rotation basis, with some members
being appointed every year as stipulated in the
provisions of the plans. Amember may be reappointed
to succeed himself only once. Members of the Board of
Managers may resign upon 60 days’ notice to the
Board of Directors of the Synod; and the Board of
Directors of the Synod may remove any member upon
written notice to him and to the Board of Managers.

10.15 Functions of the Board of Managers

The Board of Managers shall administer the
Concordia Retirement Plan, the Concordia Welfare
Plan, the Concordia Survivor Plan, together with any
trust funds under each such plan. The Board of
Managers shall also administer the Pension
Plan for Pastors and Teachers subject to the
following:

—The Treasurer of the Synod shall be the treasurer
and custodian of the assets held under the plan,
but disbursements for other than investment
purposes shall be made only on order of the
Board of Managers.

—~The Board of Trustees for Trust Funds shall
have the responsibility of investing the assets
held under the plan and shall make such in-
vestments in accordance with the Synod’s rules
governing the investment of trust funds.

When the Board of Managers is carrying out its
functions with respect to any such separate plan, it
may be designated as the Board of Managers of such
separate plan; and when it is carrying out its func-
tions generally, it may be designated as the “Board of
Managers—Worker Benefit Plans of The Lutheran
Church—Missouri Synod.”

10.17 Powers and Duties of the Board

The Board of Managers shall have all general and
incidental powers and duties appropriate for the
performance of such functions, including, but not
limited to, the powers and duties set forth in the
respective plans, as amended from time to time. The
Board of Managers shall not, however, have the
power, duty, or authority to add to or amend the
provisions of the plans, which power, duty, and
authority shall be vested in the Board of Directors.

10.01 Pension Plan for Pastors and Teachers

The Pension Plan for Pastors and Teachers of The
Lutheran Church—Missouri Synod is the pension
plan established by the Synod as of October 1, 1937,
as heretofore or hereafter amended, including the
Special Rules for Workers in Canada forming a part
thereof. The text of the plan, as amended from time to
time, shall be published in booklet form under the
supervision of Board of Managers—Pensions and
Support.

10.11 Special Plan for Workers in Canada

a. If the Board of Directors shall at any time be of
the opinion that it is impractical by reason of the
complexities of applicable laws, or otherwise, for the
Pension Plan for Pastors and Teachers to include
workers in Canada, the Board of Directors shall have
authority to adopt an entirely separate pension plan

functions with respect to any such separate plan, it
may be designated as the Board of Managers of such
separate plan; and when it is carrying out its func-
tions generally, it may be designated as the “Board of
Managers—Worker Benefit Plans of The Lutheran
Church—Missouri Synod.”

2.683 Functions

The Board of Managers shall—

a. administer the assets and trust funds in the
Concordia Retirement Plan, the Concordia Health
Plan, the Concordia Survivor Plan, and the Pension
Plan for Pastors and Teachers in accordance with the
Synod’s policies governing the investment of trust
funds;

b. have all general and incidental powers and
duties appropriate for the performance of its func-
tions, including the powers and duties set forth in the
respective plans, as amended from time to time. Its
powers and duties shall be subject to applicable state
and federal laws governing trusts and benefit plans.
It cannot create or amend any plan since such power
is vested in the Board of Directors;

c. makeinvestment decisions at its own discretion
or select and utilize investment counsel other than
the Board of Managers and select agents and
actuaries;

d. design for Board of Directors approval benefit
plans which compare favorably with typical plans in
the country while meeting unique needs of the full-
time church workers in the Synod;

e. provide copies of all actuarial, audit, and
investment-analysis reports to the Board of Directors
for information, advice, and counsel;

f. settle disputes which arise in the enrollment in
the plans and the payment of claims and benefits.

2.685 Pension Plan for Pastors and Teachers

The ‘‘Pension Plan for Pastors and Teachers of
The Lutheran Church—Missouri Synod” is the pen-
sion plan established by the Synod as of October 1,
1937, as heretofore or hereafter amended, including
the “Special Rules for Workers in Canada” forming a
part thereof. The text of the plan, as amended from
time to time, shall be published in booklet form under
the supervision of Board of Managers—Pensions and
Support.