LCMS Convention Proceedings St. Louis, Missouri — 1965, Page 176

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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