Collection › LCMS Convention Proceedings (St. Louis, Missouri) › 1969 · 48th Convention › Page 169

LCMS Convention Proceedings St. Louis, Missouri — 1969, Page 169

Scan: The Lutheran Church—Missouri Synod

Transcription machine transcription, uncorrected

APPENDIX 169

5. A worker in the SELC District who retires after
the Consummation Date shall be entitled only to such
benefits under the Concordia Retirement Plan, the
Concordia Survivor Plan, the Concordia Welfare Plan,
and the Pension Plan for Pastors and Teachers as shall
have actually accrued under said plan with respect to
such worker. Consideration may be given by the Mis-
souri Synod to a subsidy, if necessary, in order that the
minimum pension receivable by such a retired worker
will be not less than the $100 per month he would have
received had he become entitled to benefits under the
SELC Annuity Plan.

6. If either the Missouri Synod or the SELC shall
elect to withdraw from the Union Agreement, the fol-
lowing provisions shall apply:

a. The amount held in the annuity fund of the SELC
District shall be retained by the SELC as a synod.

b. Any payments commenced under the Pension

Plan for Pastors and Teachers, the Concordia Retire-
ment Plan, the Concordia Survivor Plan, or the Concor-
dia Welfare Plan to any worker or the survivors of any
worker under any of said plans shall be continued in
accordance with the terms of the plan pursuant to
which it is being paid.

c. An amount equal to the Individual Account Bal-
ance of any worker participating in the Pension Plan
for Pastors and Teachers shall be transferred to the
SELC Annuity Fund, and the Pension Plan for Pastors
and Teachers and the Missouri Synod shall be released
and indemnified from and against any liability with
respect to the amount so transferred and from and
against any claim to a pension.

d. The rights of any SELC worker participating in
the Concordia Retirement Plan shall be determined
under the provisions thereof pertaining to a terminated
worker, as the same may then be in effect.