LCMS Convention Proceedings St. Louis, Missouri — 1981, Page 167

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RESOLUTIONS 167

WHEREAS, Providing the increased benefits in the
Concordia Survivor Plan for those workers not par-
ticipating in Social Security without any additional cost
to such workers would, in effect require those workers
participating in Social Security to fund the added
benefits for those workers not participating; and

WHEREAS, To maintain equity of benefits and costs
among all workers (those participating and those not
participating in Social Security) the communications
about the benefit changes effective Jan. 1, 1982, will
indicate to congregations and other employers that the
added benefits for those not in Social Security should be
paid by such workers; therefore be it

Resolved, That Overture 4-21 be respectfully
declined.

Action: Adopted (4).

To Decline Overtures 4-25A—D
(To Consider Inflation
in Determining Retirement Benefits)

RESOLUTION 4-08
Overtures 4-25A—D (CW, p. 213)

WHEREAS, The retirement plans of The Lutheran
Church—Missouri Synod are charged with the respon-
sibility of providing retirement benefits for those who
have faithfully served the Lord and His church; and

WHEREAS, Such responsibility is not only to those
who have served and retired but is also to those who will
serve and retire in the future; and

WHEREAS, Such responsibility can only be carried
out through sotind principles of fiscal management; and

WHEREAS, Sound principles of fiscal management
dictate that benefits paid by the retirement plans be
based on payments received and returns on investments
to provide for the continued viability of the plans; and

WHEREAS, For example, providing for an annual
increase in the cost of living of only 6 percent in the
Pension Plan for Pastors and Teachers would require
an immediate, one time, increase of $30.6 million in
assets for this plan; and

WHEREAS, For example, providing for an annual

increase in the cost of living of only 6 percent in the.

Concordia Retirement and Survivor Plans would require
an increase of 90 percent in the annual contributions to
these plans; therefore be it

Resolved, That Overtures 4-25A—D be respectfully
declined.

Action: Adopted (4).

To Take No Action on Overture 4-24
(To Correct Pension Inequities)

RESOLUTION 4-09
Overture 4-24 (CW, p. 213)
WHEREAS, Recent studies have been conducted which

indicate that there are no inequities in policy for the
providing of benefits from the Synod’s retirement and
pension plans with regard to Black pastors; and

WHEREAS, Representatives from the Commission on
Black Ministry were involved in meetings with the staff
of the Worker Benefit Plans and agreed that uniform
policies do exist (benefits for all workers are based upon
salary received during years of creditable service); and

WHEREAS, Benefits for all retired workers and widows
are being increased either on July 1, 1981 (Pension Plan
for Pastors and Teachers) or Jan. 1, 1982 (Concordia
Retirement and Survivor Plans); therefore be it

Resolved, That no action be taken on Overture 4-24.

Action: Adopted (4).

To Treat the Matter of Membership
and Election of
Church Extension Boards

RESOLUTION 4-10
Overture 4-29 (CW, pp. 214—215)

WHEREAS, The Lutheran Church Extension Fund--
Missouri Synod (LCEF) was established in order to
provide a means for more effectively and efficiently
carrying on the Church Extension functions of the
Synod, as was reported to the 1979 convention of the
Synod (see Overture 4-23 CW, pp. 141—144); and

WHEREAS, The 1979 convention of the Synod
amended the Synod’s Bylaws dealing with Church
Extension in order (1) to recognize LCEF and (2) to
assure consistency in the conduct of Church Extension
activities through LCEF (as determined by its Board of
Directors) and the conduct of other synodical Church
Extension functions (under policies established by the
Synod’s Board for Church Extension) by providing in
Bylaw 8.51 d that the Synod’s Board for Church
Extension would be comprised of those individuals who
were elected to the LCEF Board of Directors; and

WHEREAS, The election by the Synod in its 1979
convention of certain members of the Synod’s Board for
Church Extension is deemed to have been intended as
transitional until July 1, 1981, as specified in Bylaw
8.55; and

WHEREAS, Those individuals who were elected by the
1979 convention to the Synod’s Board for Church
Extension, and who also serve on the LCEF Board of
Directors, want the record to show the effect and
purpose of that transition, as described in the conven-
tion report from the Board for Church Extension, and to
have the Synod’s Bylaws clearly reflect the current
situation that those individuals who have been elected
to the LCEF Board of Directors are, by virtue of Bylaw
8.51 d, and not otherwise, also serving on the Synod’s
Board for Church Extension; and

WHEREAS, Itis necessary as a result of law governing
corporations that corporate directors be clearly elected