LCMS Convention Proceedings St. Louis, Missouri — 1971, Page 213

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Sapa cecion sta ica bie art PRES ah atta Pk bre

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RESOLUTIONS

dia Plans as previously approved by the Board of
Directors and outlined in the report be adopted; and
be it finally

Resolved, That with the approval of the Commission
on Constitutional Matters the present Section X of the
Synod’s Handbook be replaced by the following:

A. WORKER BENEFITS PLANS

10.01 Pension Plan for Pastors and Teachers

The Pension Plan for Pastors and Teachers is
the pension plan established by the Synod as of
October 1, 1937, as heretofore or hereafter amended,
including the Special Rules for Workers in Canada
forming a part thereof. The text of the plan, as
amended from time to time, shall be published in
booklet form under the supervision of Board of
Managers — Pensions and Support.

10.03 Concordia Retirement Plan

The “Concordia Retirement Plan for Ministers
of Religion and Lay Workers of The Lutheran
Church — Missouri Synod, Its Member Congrega-
tions, Controlled Organizations, and Affiliated Agen-
cies” is the retirement plan adopted by the Board
of Directors pursuant to Resolution 10-02 of the
45th convention of the Synod, as such plan has been
heretofore or may hereafter be amended by the
Board of Directors. The text of the plan, as
amended from time to time, shall be published in
booklet form under the supervision of the Board
of Managers of the Concordia Retirement Plan.

10.05 Concordia Welfare Plan

The “Concordia Welfare Plan for Ministers of
Religion and Lay Workers of The Lutheran Church
— Missouri Synod, Its Member Congregations, Con~
trolled Organizations, and Affiliated Agencies” is
the welfare plan adopted by the Board of Directors
pursuant to Resolution 10-02 of the 45th convention
of the Synod, as such plan has been heretofore or
may hereafter be amended by the Board of Direc-
tors. The text of the plan, as amended from time
to time, shall be published in booklet form under
the supervision of the Board of Managers of the
Concordia Welfare Plan.

10.07 Concordia Survivor Plan

The “Concordia Survivor Plan” is the plan
adopted by the Board of Directors in accord with
directives adopted at a prior convention of the
Synod (Resolution 10-02 of the 45th convention)
to provide for surviving widows and children those
benefits previously provided under the Concordia
Retirement Plan. The text of the plan, as amended
from time to time, shall be published in booklet
form under the supervision of the Board of Man-
agers of the Concordia Retirement Plan.

10.09 Supplemental Benefits

The Synod shall supplement the benefits pro-
vided by the Pension Plan for Pastors and Teachers.
The nature, extent. conditions and limitation of
such supplemental benefits shall be those which
were set forth in Section 10.47 of the 1966 edition
of the Handbook, subject, however, to amendment,
modification, or change in the same manner as is
provided with respect to the Pension Plan for Pas-
tors and Teachers. Such supplemental benefits shall
be administered by the Board of Managers — Pen-
sions and Support. The provisions pertaining
thereto shall be published in_the booklet setting
forth the text of the Pension Plan for Pastors and
Teachers.

10.11 Special Plan for Workers in Canada

a. If the Board of Directors shall at any time
be of the opinion that it is impractical by reason
of the complexities of applicable laws, or otherwise,

213

for the Pension Plan for Pastors and Teachers to
include workers in Canada, the Board of Directors
shall have authority to adopt an entirely separate
pension plan for workers in Canada, with such pro-
visions and benefits as the Board of Directors in its
discretion shall deem appropriate or desirable in
the light of applicable laws and the best interests
of workers in Canada.

b. If the Board of Directors shall adopt such
a new plan, it may direct the Treasurer of the
Synod (or the trustee or trustees then holding the
assets funding the benefits of Canadian workers)
to cause to be transferred to such new plan assets
held under the Pension Plan for Pastors and Teach-
ers in an amount equal to the aggregate value of the
individual accounts of those workers in Canada
as will thereafter be participating in such new plan;
provided, however, that the Board of Directors shall
not direct the transfer of assets from the Pension
Plan for Pastors and Teachers to such new plan
unless a competent actuary shall certify to the
Board of Directors that after such transfer the bene-
fits of any worker whose account shall be trans-
ferred shall not be less than the actuarial equivalent
of the accrued benefit of the worker under the
Pension Plan for Pastors and Teachers at the time
of the transfer, and unless the worker’s personal
accumulation in the Pension Plan for Pastors and
Teachers as of the time of transfer shall be subject
to terms no less favorable to the worker than the
provisions of the Pension Plan for Pastors and
Teachers. With the consent of the worker involved,
the Board of Directors may order such transfer of
assets to the new plan without regard to the fore-
going restrictions. Any worker whose account shall
be transferred from the Pension Plan for Pastors
and Teachers to such new plan shall after such
transfer look solely to the fund held under such
new plan for the satisfaction of his pension benefits.

10.13 Change or Termination of the Plans

a. The Pension Plan for Pastors and Teachers
may be amended, modified, or changed in whole
or in part, from time to time by the Board of Man-
agers — Pensions and Support with the approval of
the Board of Directors, and shall be amended, modi-
fied, or changed pursuant to resolution of the Synod
in convention.

b. The adoption of the Concordia Retirement,
Survivor, and Welfare Plans was authorized with
the intention that they will be continued indefinitely
for the benefit of present and future eligible work-
ers of the Synod and the other employers partici-
pating therein. However, the Board of Directors
shall have the right to amend, change, or modify
any such plan retroactively or prospectively, in
whole or in part, from time to time, including
changes in the benefits; provided that no amend-
ment, change, or modification of any plan shall
(a) cause or permit any part of the corpus or in-
come of the trust forming a part thereof to be
diverted to purposes other than for the exclusive
benefit of members and their dependents, (b) cause
or permit any portion of the assets of the trust
under such plan to revert to, or to become the
property of, the Synod or any other employer par-
ticipating therein, or (c) in the case of the Concor-
dia Retirement Plan, have the effect of divesting
a member of a vested benefit thereunder. Notwith-
standing any of the foregoing limitations, any
change, modification, or amendment may be made
in any plan, without limitation, if required to qual-
ify, or to maintain the qualified status of, the plan
and the trust forming part thereof under the rele -
vant provisions of the Internal Revenue Code. The
right is reserved in the Synod in convention to
terminate the plans or to authorize the Board of
Directors of the Synod to terminate the plans.
Should any of the plans be terminated by the
Synod in convention or by the Board of Directors
of the Synod following appropriate action by the