LCMS Convention Proceedings St. Louis, Missouri — 1969, Page 168

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168 APPENDIX

applied to the SELC District which is in conflict with
this Agreement.

9. During the Interim Period, the SELC District
shall be aggressive in mission in accord with the Con-
stitution and Bylaws of the Missouri Synod and shall
also lend full support to the programs of the Synod.

10. The President of the Missouri Synod shall be
responsible for the implementation of this Agreement,
and he shall report on the progress of the same to the
Missouri Synod and to the SELC District. He shall
appoint an Advisory Commission of six (6) members,
including three (3) members of the SELC District, to
assist and advise him during the Interim Period and
thereafter as long as necessary. Commission members
shall be appointed to renewable two-year terms.

11. This Agreement may be amended by mutual con-
sent.

12. Whenever any approval, consent, or action of
a party hereto is herein provided for or permitted, such
approval, consent, or action shall be given or taken
for such party by its Board of Directors or by its dele-
gate convention, as such party may direct in its approval
of this Agreement, except as otherwise specifically re-
quired by applicable law.

13. The Church Extension Fund Document (Ex-
hibit A) and the Pension and Annuity Document (Ex-
hibit B) attached hereto are incorporated herein and
made a part hereof as though herein fully set forth.

In Witness Wuereor, The President of The Lu-
theran Church — Missouri Synod and the President of
the Synod of Evangelical Lutheran Churches have
signed this Agreement subject to the requisite approvals
as herein set forth.

(signed) Dr. Outver R. Harms For

THe LuTHERAN CHURCH — Missourr SyNopD
(signed) Dr. Jonn Kovac For

Synop oF EVANGELICAL LUTHERAN CHURCHES

Exhibit A
Church Extension Fund Document to the SELC-LCMS
Union Agreement

1. During the Interim Period, the Church Extension
Fund of the SELC shall operate as a separate District
Extension Fund under the provisions of the Constitu-
tion and Bylaws of the Missouri Synod applicable to
extension funds.

2. During the Interim Period the following steps
shall be taken and the following procedures adopted:

a. The records of the SELC Church Extension Fund
shall be audited as of December 31, 1968.

b. All documentation in support of SELC loans,
whether outstanding on the Initial Effective Date or
made during the Interim Period, shall be reviewed by
legal counsel for the Missouri Synod. If the standards
applied to Missouri Synod extension loans are not met,
the SELC District shall endeavor by all means possible
to supply deficiencies.

c. Uniform accounting procedures shall be adopted

by the SELC District for its Extension Fund in con-
formance with existing Missouri Synod procedures.

3. Upon the Consummation Date, the assets of the
SELC District Church Extension Fund shall become the
property of the Missouri Synod and shall be transferred
to the Church Extension Fund of the Missouri Synod
or its nominee(s) as directed by the Board of Directors
of the Missouri Synod upon recommendation of the
President of the Missouri Synod, acting after consulta-
tion with the Advisory Commission. The liabilities of
the SELC District Church Extension Fund shall be
assumed by the Missouri Synod. :
Exhibit B

Pension and Annuity Document to the SELC-LCMS

Union Agreement

1. During the Interim Period, the SELC District
shall continue operating and financing its present an-
nuity plan for those entitled to receive pensions on the
Initial Effective Date or who retire or otherwise become
entitled to a pension during the Interim Period.

In preparation for the Consummation Date and as
soon as possible following the Initial Effective Date, the
SELC shall take the following steps:

a. The personnel included in the SELC’s present
annuity plan shall be defined and identified.

b. An actuarial study shall be made of present and
potential annuitants under the SELC annuity plan and
the actuarial liabilities of such annuity plan, giving
appropriate effect to the benefits accruing under the
plans of the Missouri Synod in which such worker may
be participating.

c. A program to fund the actuarial liabilities as
established by the actuarial study shall be adopted and
pursued by the necessary application of funds, to the
end that on the Consummation Date the funds available
under the annuity plan will be substantially equal to
the actuarially determined liabilities of such plan.

2. The SELC District, effective as of the Initial
Effective Date, shall become a participating employer
in the Missouri Synod’s Concordia Retirement Plan,
Concordia Survivor Plan, Concordia Welfare Plan, and
Pension Plan for Pastors and Teachers, and shall enroll
its eligible employees and the eligible employees of its
boards and agencies in said plans, depending upon the
eligibility status of each worker for participation
therein.

3. Congregations of the SELC District shall be urged
to become participating employers under the Concordia
Retirement Plan, the Concordia Survivor Plan, the
Concordia Welfare Plan, and the Pension Plan for
Pastors and Teachers for their eligible employees.

4. Upon the Consummation Date, the assets of the
SELC annuity fund shall be assigned, transferred, and
delivered to the Missouri Synod. Thereafter, the Mis-
souri Synod shall continue the payment of the annuities
commenced prior to such date by the SELC. No person
actively employed on the Consummation Date shall
have any rights in or to the SELC Annuity Fund.

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