LCMS Convention Proceedings St. Louis, Missouri — 1973, Page 220

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RESOLUTIONS 221

matter of lump-sum or other alternate optional benefit
payments at retirement; and

Wuereas, Further study of the legal and actuarial
aspects of the various forms of payments is required be-
fore recommendations can be made; therefore be it

Resolved, That the Pension Work Committee be di-
rected to continue its study of the concerns expressed
in this overture and report to the Synod at its next con-
vention,

Action: Adopted (6).

To Pursue Improving Vesting Provisions
of the Concordia Retirement Plan
RESOLUTION 12-11

Overture 12-10 (CW, p. 387)

Wuereas, The Board of Managers — Concordia Re-
tirement Plan has demonstrated a concern for and has
taken action to improve the vesting provisions of the
Concordia Retirement Plan as indicated in its report to
the convention (CW, p.379); and

Wuereas, Further action by the Board of Managers
awaits final action by the United States Congress rela-
tive to vesting provisions for qualified retirement plans;
and

Wuereas, Any action to improve vesting carries with
it a corresponding cost consideration; therefore be it

Resolved, That the Board of Managers continue to
pursue the possibility of instituting more liberal vest-
ing provisions in the Concordia Retirement Plan in ac-
cord with sound financing.

Action: Adopted (6).

To Improve Retirement Arrangements
for Transferees

RESOLUTION 12-12
Overture 12-11 (CW, p. 388)

Wuereas, The concerns embodied in this overture
have already been met in Resolution 10-05 of the New
York convention (Proceedings, p. 153); therefore be it

Resolved, That this overture be respectfully declined.

Action: Adopted (6).

To Establish an Ad Hoc Committee
to Revise Bylaws for Budget Preparation

RESOLUTION 12-13
Overture 12-17 (CW, pp. 389—390)

Wuenreas, The suggested revision in Bylaws for bud-
get preparation (9.01 to 9.17) proposed in Overture
12-17 does not resolve satisfactorily current difficulties;
and

Wuereas, Revision is necessary if work programming

and budget preparation are to be efficient and effective;
therefore be it

Resolved, That the present practices and procedures
be followed during the next biennium; and be it further

Resolved, That an ad hoc committee consisting of the
administrative officer and finance committee chairman
of the Synod’s Board of Directors, the executive secre-
tary of the Synod’s Board of Stewardship, and two Dis-
trict stewardship secretaries appointed by the Synod’s
Board of Stewardship, be appointed to study the Syn-
od’s long-range planning, programming, and budget
preparation, submitting their recommendations to the
1975 convention of the Synod.

Action: Adopted (10).

To Recognize Efforts of the
Pension Work Committee

RESOLUTION 12-14

Report 12-03 (CW, p. 383)

Resolved, That the members of the Pension Work
Committee be commended for the action taken as out-
lined in their report and that they be encouraged to con-
tinue to peruse the matters assigned to them with the
same diligence as exhibited in the past.

Action: Adopted (10).

To Decline Overture Re Open Enrollment
Period in the Concordia Welfare Plan

RESOLUTION 12-15

Overture 12-12 (CW, p. 388)

Wuereas, The enrollment provisions of the Concordia
Welfare Plan allow an ample period of time for making
a decision regarding enrollment; and

Wuereas, Such enrollment provisions are included
for the purpose of safeguarding the Plan against adverse
selection; and

Wuereas, The Concordia Welfare Plan requires ade-
quate prefunding for the payment of certain benefits;
and

Wuereas, Programs such as Social Security, which
allow periods of open enrollment and provide benefits
directly related to contributions, cannot be compared
to the Concordia Welfare Plan which provides full and
immediate protection upon enrollment; therefore be it

Resolved, That Overture 12-12 be respectfully de-
clined.

Action: Adopted (10).
To Study Maternity Benefits for New
Professional Church Workers
RESOLUTION 12-16

Overture 12-13 (CW, p.388)

Wuereas, Any change in the maternity benefits pro-
vided by the Concordia Welfare Plan would have to be