LCMS Convention Proceedings St. Louis, Missouri — 1981, Page 219

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RESOLUTIONS 219

by the Members of the Foundation. The audit report
shall be made available upon request. The auditors
shall also provide the Members an annual letter
commenting on the administrative and financial
controls.

2.677 Other Foundations

Since the Foundation serves all of Synod, no new
foundations shall be established by Districts, col-
leges, seminaries, and agencies without prior approv-
al of the synodical Board of Directors.

6. Worker Benefit Plans
2.681 Board of Managers

The Board of Managers—Worker Benefit Plans
shall consist of 11 members, 10 of whom shall be
appointed by the Board of Directors: two parish
pastors, one teacher, and seven lay persons, at least
three of whom should be experienced in the design of
employee-benefit plans and the others in the manage-
ment of benefit-plan investments. The Treasurer of
the Synod shall be the 11th member.

When the Board of Managers is carrying out its
functions with respect to any such separate plan, it
may be designated as the Board of Managers of such
separate plan; and when it is carrying out its func-
tions generally, it may be designated as the “Board of
Managers—Worker Benefit Plans of The Lutheran
Church—Missouri Synod.”

2.683 Functions
The Board of Managers shall—

a. administer the assets and trust funds in the
Concordia Retirement Plan, the Concordia Health
Plan, the Concordia Survivor Plan, and the Pension
Plan for Pastors and Teachers in accordance with the
Synod’s policies governing the investment of trust
funds;

b. have all general and incidental powers and
duties appropriate for the performance of its func-
tions, including the powers and duties set forth in the
respective plans, as amended from time to time. It
cannot create or amend any plan since such power is
vested in the Board of Directors;

c. make investment decisions at its own discretion
or select and utilize investment counsel other than
the Board of Managers and select agents and
actuaries;

d. design for Board of Directors approval benefit
plans which compare favorably with typical plans in
the country while meeting unique needs of the full-
time church workers in the Synod;

_e. provide copies of all actuarial, audit, and invest-
ment analysis reports to the Board of Directors for
information, advice, and counsel;

f. settle disputes which arise in the enrollment in
the plans and the payment of claims and benefits.

2.685 Pension Plan for Pastors and Teachers

The “Pension Plan for Pastors and Teachers of
The Lutheran Church—Missouri Synod” is the pen-
sion 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.

2.687 Concordia Retirement Plan

The “Concordia Retirement 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

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 of the
Synod. 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—Concordia
Retirement Plan.

2.689 Concordia Health Plan

The “Concordia Health 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
health plan adopted by the Board of Directors pur-
suant 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—Concordia Health Plan.

2.691 Concordia Survivor Plan

The “Concordia Survivor 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
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 Managers—Concordia
Survivor Plan.

2.693 Support Program

The Support Program of the Synod is a program of
financial assistance to those eligible pastors, teach-
ers, and other professional church workers, and their
eligible dependents who are in financial need. This
aid is in the form of a gift from the budget funds of the
Synod. Eligibility standards shall be determined by
the Board of Managers.

2.695 Official Lists
(Same as present 10.31)

Action: Adopted (12).

(Upon advice of legal counsel the committee removed the
second sentence of 2.683 b: “It powers and duties shall be
subject to applicable state and federal laws governing trusts
and benefit plans.” The Bylaws adopted above replace the
existing paragraphs in the Handbook.)

To Reaffirm the Distribution
of FIR Moneys According
to the Published Formula

RESOLUTION 12-13

WHEREAS, The Forward in Remembrance effort was
an extraordinary appeal for World Missions, North
American Missions and Ministries, and the training of
church workers; and

WHEREAS, Our Lord crowned the FIR effort with
extraordinary results; and

WHEREAS, The membership of the Synod has been

informed (The Lutheran Witness and Reporter) that the
first five million dollars ($5,000,000) of any overage