LCMS Convention Proceedings St. Louis, Missouri — 1967, Page 153

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RETIREMENT AND BENEFIT PROGRAMS . 153

To Receive Report of Board of Managers
for Concordia Retirement Plan and
Concordia Welfare Plan
RESOLUTION 10-02

Report 10-03 (CW, p. 281)

Wuereas, The report of the Board of Managers for
Concordia Retirement Plan and Concordia Welfare Plan
indicates clearly a faithful carrying out of the resolu-
tions and intent of the Synod’s Concordia Retirement
Plan and Concordia Welfare Plan; and

Wuereas, The board and executive secretary of the
board have carefully administered the plans; therefore
be it

Resolved, That the convention receive this report and
express its gratitude to the board and its executive.

Action: Adopted.

To Substitute New “Handbook” Chapter
on Pensions, Support, and Welfare
RESOLUTION 10-03
Overture 10-04 (CW, p. 286)

The committee recommends that Overture 10-04, to
substitute new Handbook chapter on Pension and Wel-
fare, be adopted as printed on page 286 of the Conven-
tion Workbook with the following exceptions:

1. 10.01 a and b shall read according to the decision
of the convention on the recommendations of Committee
4 on Overtures 10-05 (CW, p. 288) and 10-13 U (URO,
p. 61) [see Resolution 4-16];

2. Change Section 10.03 c to read as follows: “send
annually. ...”

Action: Adopted.

To Ratify Action of Board of Support
and Pensions in Matter of Annuity Payments
at Age 72
RESOLUTION 10-04

Report 10-01 (CW, p. 281)

Resolved, That the convention ratify the action of the
Board of Support and Pensions as indicated on page 281,
column 1, of Convention Workbook and that these pro-
visions become part of the Synod’s Pension Plan.

Action: Adopted.

To Revise Pension Fund Provisions
RESOLUTION 10-05
Report 10-08 U to 10-12 U (URO, p.61)
Wuenreas, Section 10.45 h of the Handbook presently

If a member receiving retirement or disability annuity
or a widow receiving an annuity ceases to be a member
of a congregation connected with the Synodical Confer-
ence, such annuity shall be terminated as soon as the sum
of all annuity payments shall equal the personal accumu-
lation when he received his first annuity payment. The
same applies to a widow who remazrries.

and

Wuereas, The Pension Plan for Pastors and Teachers
should not be an economic weapon to keep workers or
their widows in the fold of The Lutheran Church —
Missouri Synod; now therefore be it

Resolved, That the Pension Plan for Pastors and
Teachers be appropriately amended by the Board of
Support and Pensions with the approval of the Board of
Directors so that the continuation of the earned annuity
being paid to a retired or disabled member or to the
widow of a deceased member shall not be contingent
upon the continued affiliation of such member or his
widow with The Lutheran Church — Missouri Synod or
a congregation connected with the Synodical Confer-
ence, but that any payments being made or to be made
under Section 10.47 from the budget of the Synod in the
case of such member or widow shall be discontinued if
such member or widow ceases to be a member of a
congregation which is a member of The Lutheran
Church — Missouri Synod or of a congregation in fel-
lowship with The Lutheran Church — Missouri Synod
provided, however, that the Board of Support and Pen-
sions shall, in its discretion, where extenuating circum-
stances exist, be authorized to make payments under
Section 10.47 notwithstanding the existence of such a
disqualifying circumstance.

Action: Adopted.

To Adjust Pension Plan Provisions
for Pastors on Leave

RESOLUTION 10-06
Overture 10-07 (CW, p. 286)

Wuereas, Advanced study for pastors and teachers is
being encouraged; and -

Wuereas, Problems arise when a leave of absence for
advanced study or work for the welfare of the church is
involved; therefore be it

Resolved, That the Board of Support and Pensions
cause the Pension Plan for Pastors and Teachers to be
amended so that a suspension of contributions with re-
spect to a pastor or teacher who after 25 years of service
in the church would like to take a leave of absence for a
maximum of one year for purposes of continued study or
activity which would serve the benefit of the church will
not result in a reduction of the amount of the subsi-
dized benefits otherwise payable under Section 10.47 of
the Handbook. ,

Action: Adopted.
- (A: proposed amendment fo strike “after 25 years of ser-