LCMS Convention Workbook St. Louis, Missouri — 2010, Page 113

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SYNOD REPORTS
for the cost, and more comprehensive coverage, including preventive care.
Armed with an understanding of the issues, the group focused on
these objectives:
• provide affordable and comprehensive health benefits that will
meet the needs of students and their families;
• offer resources and tools to prepare students for a healthier lifestyle; and
• ease the transition from the student plan into the CHP for active
members upon graduation.

113
Concordia Retirement Plan (CRP) Participation

Active Members

31,900

Retirees and Survivors of Retirees

13,900

Terminated Vested Workers and Survivors of
Terminated Vested Workers

9,700

Benefits Provided by the Concordia Retirement Plan (CRP)
2007

Option CSS (Concordia Seminary Students)

With the full consensus of representatives from both seminaries,
a new plan option was added to the CHP for students and their families at Concordia Seminary, St. Louis and Concordia Theological
Seminary, Fort Wayne. The new “Option CSS” was designed to follow the general guidelines of the CHP with benefit programs very
similar to those offered to active members.
While the cost is comparable with other insurance plans, the CHP
covers much more:
• medical and dental care;
• preventive services, well-child care, and routine exams; and
• prescription drugs.
Additional benefits include behavioral health and substance abuse
care, health and wellness programs, vision care, and discounts on
hearing care. Coverage is also available during vicarage, internship,
or foreign study and following graduation for up to one year if the
graduate is writing a dissertation or awaiting a call.
Seminary Students/Families Enrollment Option CSS
Coverage

Ft. Wayne

St. Louis

Extension

Total

Self Only

110

135

7

252

Self and Spouse

46

57

0

103

Self and Child(ren)

2

1

0

3

Family

25

27

0

52

Totals

183

220

7

410

Serving the Workers and the Work of the CHURCH
The Church’s Plan: The Most Comprehensive Benefits Package

In keeping with the commitment to provide for the welfare of
LCMS workers and their families in the event of illness, disability,
retirement, or death, The Church’s Plan (TCP) benefit package was
introduced in 2006. Employer participation in this comprehensive
benefit p ackage continued to grow throughout the past triennium.
TCP consists of all of the Concordia Plans—Concordia Health
Plan (CHP), Concordia Disability and Survivor Plan (CDSP),
Concordia Retirement Plan (CRP), and Concordia Retirement
Savings Plan (CRSP)—as well as an additional benefit under the
CRP, the Retiree Medical Supplement.
The Church’s Plan (TCP) Participation

Members Currently in TCP
Number of Employers in TCP

23,665
3,865

Primary Retirement
Benefits

2008

2009

$124,913,028

$135,450,206

$145,282,056

$9,676,018

$11,750,774

$11,271,716

Survivor Benefits

$710,805

$828,712

$982,563

Retiree Medical
Supplement

$12,129,346

$12,427,992

$12,799,975

Supplemental
Retirement Account

The CRSP—the 403(b) tax-deferred savings component of TCP—
grew substantially during the past triennium. While participation
levels hover around 50 percent of those who are eligible, assets in
the Plan tell a wonderful story of how those participating workers
are engaged in preparing for their retirement. By the end of 2009,
the assets of the CRSP crossed the $100 million mark! The Plan’s
growth is a result of worker salary deferrals, rollovers into the Plan,
employer basic and optional matches, and investment earnings. This
is an impressive achievement in just four years.
CPS will continue to focus on planning for retirement and the
benefits of participating in the CRSP. It is the prayer of CPS that
everyone who is eligible will participate and that all LCMS workers will seize the opportunities available, allowing them to be better
prepared for retirement.
Concordia Retirement Savings Plan (CRSP) Accumulation
2007
2008
2009
Employee
$17,483,416
$21,028,270
$27,053,072
Contributions
CRSP Basic Match

$3,984,665

$4,524,513

$4,974,272

Optional Employer
Match

$453,190

$538,223

$617,818

Employee Rollover
Contributions

$2,873,141

$1,390,912

$1,968,741

Pension Plan for Pastors and Teachers

Prior to the CRP, the Pension Plan for Pastors and Teachers (PPPT)
was the only pension program for pastors and teachers of the Synod.
When the CRP was established in 1965, new enrollments in the PPPT
ceased.
As of December 31, 2009, there were 3,700 individuals receiving
benefits as retired members, disabled members, or surviving dependents of deceased members.
Benefits Provided by the Pension Plan for Pastors
and Teachers (PPPT)
2007

2008

2009

$11,480,061

$11,329,294

$10,900,111

2010 Convention Workbook

2010 Convention.indb 113

4/15/10 2:38 PM