LCMS Convention Proceedings St. Louis, Missouri — 2007, Page 128

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128

RESOLUTIONS
(b) He shall make provisions for new district presidents
and members of boards and commissions of the Synod to
be acquainted with their duties and responsibilities.
(c) He shall personally or by way of a representative
have the option to attend all meetings of the Synod’s program boards, the boards of all synodwide corporate entities, the Board of Trustees_Concordia Plans, and Worker
Benefit Plans Board of Directors_Concordia Plan Services,
including executive sessions.

3.3.4 The Vice-President–Finance—Treasurer shall be a
layperson, shall not be an officer or staff member of a synodwide corporate entity, shall perform all customary duties of a
corporate chief financial officer, and shall serve as a nonvoting
member of the Board of Directors.
3.3.4.1 The Vice-President–Finance—Treasurer shall administer the financial affairs of the Synod, excluding the synodwide corporate entities, the districts, the Concordia Plans,
and Worker Benefit Plans Concordia Plan Services.
(a) He shall carry out the duties of the office in accordance with the rules and regulations adopted by the Synod
and as directed by the Board of Directors of the Synod.
(b) He shall receive and disburse the moneys of corporate Synod and keep accurate account of them under the
instruction of the Board of Directors of the Synod.
(c) He shall act as the depositary for all funds in the
hands of corporate Synod’s boards (excluding the Concordia Plans and Worker Benefit Plans Concordia Plan Services), commissions, officers, and employees who by virtue
of their office act as custodians or trustees of such funds.
(d) He shall keep informed about financial affairs of the
synodwide corporate entities.
(e) He shall serve as a nonvoting member of the governing boards of the Concordia University System, The
Lutheran Church—Missouri Synod Foundation, the
Lutheran Church Extension Fund—Missouri Synod,
Worker Benefit Plans the Concordia Plans, Concordia Plan
Services, and Concordia Publishing House, and on the investment committee of the Concordia Plans and Worker
Benefit Plans Concordia Plan Services.
(f) He shall keep on file a correct list of all devises and
bequests that directly or indirectly have been given to corporate Synod. Legacies and bequests made to other agencies of the Synod shall be reported annually to the VicePresident–Finance—Treasurer as part of the audit process.
3.3.5.6 The Board of Directors shall exercise general oversight over the operations and activities of the synodwide corporate entities and Worker Benefit Plans the Concordia Plans
and Concordia Plan Services as required of it in the Constitution of the Synod and specified in these Bylaws.
(a) It shall assure itself that their accounting, budgeting, and financial policies comply with generally accepted
accounting standards.
(b) It shall assure itself that audits are performed by
internal auditors or independent certified public accountants for the Synod’s
(1) synodwide corporate entities;
(2) colleges, universities, and seminaries;
(3) districts; and
(4) Worker Benefit Plans Concordia Plan Services; and
(5) the Concordia Plans.
(c) It shall be furnished with copies of these and any interim financial reports it requests.

2007 Convention Proceedings

3.7 Synodwide Trust Entities
3.7.1 The synodwide trust entitiesy of The Lutheran
Church—Missouri Synod is Worker Benefit Plans are collectively known as the Concordia Plans.
Worker Benefit Plans The Concordia Plans
3.7.1.1 Concordia Plan Services is responsible for managing the benefit plans/trusts of The Lutheran Church—Missouri Synod, including the Concordia Retirement Plan, Concordia Disability and Survivor Plan, Concordia Health Plan,
Concordia Retirement Savings Plan, and Pension Plan for
Pastors and Teachers, each of which is a separate trust operated under trust laws but collectively known as the Concordia
Plans. The Worker Benefit Plans are the Concordia Retirement Plan, the Concordia Health Plan, the Concordia Disability and Survivor Plan, the Pension Plan for Pastors and
Teachers, and Support Programs, each of which is a separate
trust operated under trust laws. The assets and liabilities of
the respective plans are separate and distinct from those of
the Synod and cannot be used to satisfy the liabilities and
obligations of the Synod.
(a) The “Concordia Retirement Plan for Ministers of Religion and Lay Workers of The Lutheran Church—Missouri
Synod, Its Member Congregations, Controlled Organizations,
and Affiliated Agencies” is the retirement plan adopted by
the Board of Directors of The Lutheran Church—Missouri
Synod pursuant to Res. 10-02 of the 45th convention of the
Synod, as such plan has been heretofore or may hereafter be
amended. The text of the plan, as amended from time to
time, shall be published in booklet form under the supervision of the Board of ManagersTrustees—Concordia Plans—
Concordia Retirement Plan.
(b) The “Concordia Health Plan for Ministers of Religion and Lay Workers of The Lutheran Church—Missouri
Synod, Its Member Congregations, Controlled Organizations, and Affiliated Agencies” is the health plan adopted
by the Board of Directors of The Lutheran Church—Missouri Synod pursuant to Res. 10-02 of the 45th convention
of the Synod, as such plan has been heretofore or may
hereafter be amended. The text of the plan, as amended
from time to time, shall be published in booklet form under
the supervision of the Board of ManagesTrustees—
Concordia Plans—Concordia Health Plan.
(c) The “Concordia Disability and Survivor Plan for
Ministers of Religion and Lay Workers of The Lutheran
Church—Missouri Synod, Its Member Congregations, Controlled Organizations, and Affiliated Agencies” is the plan
adopted by the Board of Directors of The Lutheran
Church—Missouri Synod in accord with directives adopted
at a prior convention of the Synod (Res. 10-02 of the 45th
convention) to provide for surviving widows and children
those benefits previously provided under the Concordia
Retirement Plan. This plan also provides for disability benefits for such workers. The text of the plan, as amended
from time to time, shall be published in booklet form
under the supervision of the Board of ManagersTrustees—
Concordia Plans—Concordia Disability and Survivor Plan.
(d) The “Pension Plan for Pastors and Teachers of The
Lutheran Church—Missouri Synod” is the pension plan established by the Synod as of Oct. 1, 1937, as heretofore or
hereafter amended. The text of the plan, as amended from
time to time, shall be published in booklet form under the
supervision of the Board of ManagersTrustees—Concordia
Plans—Pensions and Support.