LCMS Convention Workbook St. Louis, Missouri — 2007, Page 190

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190

(1) synodwide corporate entities;

(2) colleges, universities, and seminaries;

(3) districts; and

(4) Méerker-BenefitPlens Concordia Plan Services: and

(5) the Concordia Plans.

(c) It shall be furnished with copies of these and any interim finan-
cial reports it requests.

3.7 Synodwide Trust Entities
3.7.1 The synodwide trust entitiesy of The Lutheran Church—Mis-

souri Synod #-Werker-Benefit-Plans are collectively known as the Con-
cordia Plans.

Worker-Benefit-Plans The Concordia Plans
3.7.1.1 Concordia Plan Services is responsible for managing the

benefit plans/trusts of The Luther: h ts i i lu -
ing the Concordia Retirement Plan, Concordi: ili rt

Plan, Concordia Health Plan, Concordia ordla Disa nt Savi vings Plan, and

Pension Plan for Pastors Teachers cai h of whi
Tat n Ww: kn wn

(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 conven-
tion 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 Men
agers Trustees—Concordia Plans —Coneerdie-RetirementPien.

(b) The “Concordia Health Plan for Ministers of Religion and Lay
Workers of The Lutheran Church—Missouri Synod, Its Member Con-
gregations, 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 conven-
tion 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 Man-
egers Trustees—Concordia Plans-—Ceneerdie-Heali-Han.

(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 super-

vision of the Board of ManagersTrustees—Concordia Pl
en Disebili orton,

(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—Pensiens-and-Supper.

(e) The Concordia Retirement Savings Plan is the tax-sheltered an-
nuity retirement savings plan adopted by the Board of Directors in Au-
st 2003, effective January 1, 2006, as such pl n her ri
or may hereafter be amended. The text of n

time to time, shall ublished in booklet form r upervision of
the Board of Trustees—Concordia Plans.
(f) The lists of ordained and commissioned ministers appearing +

the-on the official roster of the Synod
of Hemen-Resourees-ofthe-Syned-shall be the official lists for the pur-
pose of the Board of MenegersTrustees—Concordia Plans.

(g) National inter-Lutheran entities will be eligible to be “employ-
ers” under the various WerkermBenefit+-Plens-Concordia Plans of the
Synod unless the policies of such a plan preclude such organization as
an eligible employer.

PROGRAM AND FINANCE

3.7.14 mcordia Pl. rvices is also r ible fe
ile rograms, including various supplemental i
i services program:

(ea) The Support Program of the Synod is not a trust but rather ra
program of financial assistance to those eligible ordained ministers,
commissioned ministers, 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 budgeted funds of the Synod. Eligibility stan-
dards shall be determined by the Board of MenagersDirectors—Con-

rdia Pl ic
m
Jemental insur. and administration servi:
vailabl T organizations and their 1 ro-
not trusts and will be under rvision of
irector: ncordia Pl: rvices.

3.7.1.32 (Revisions to this Bylaw have been submitted under sepa-
Tate cover.)

3.7.1.43 The Board of MenagersTrustees—Concordia Plans and the
Board of Directors—Concordia Plan Services shall have all general and
incidental powers and duties appropriate for the performance of #s their
functions.;

In addition, the Board of Trustees—Concordia Plans will have #-
ehiding the powers and duties set forth in the respective plans, as
amended from time to time. It may create or amend any plan within lim-
its established by the Board of Directors of the Synod so long as such
changes are reported to the Synod’s Board of Directors, since such
power is finally vested in the Synod’s Board of Directors.

(a) When the Board of Managers Trustees—Concordia Plans is car-
rying out its functions with respect to any such separate plan, it may be
designated as the Board of Menegers Trustees of such separate plan.

(b) When the board is carrying out its functions generally, it may
be designated as the “Board of Manegers—Werker-Benefi—Piens
Trustees—Concordia Plans of The Lutheran Church—Missouri
Synod.”

(c) The board shall make investment decisions at its own discretion
or select and utilize investment counsel ether-than-the-Beard-oF Men-
agers and select agents and actuaries, in accordance with the Synod’s
policies governing the investment of trust funds.

(d) It shall design for the Board of Directors of The Lutheran
Church—Missouri Synod’s approval benefit plans which compare fa-
vorably with other similar plans while meeting the unique needs of full-
time church workers in the Synod.

(e) It shall provide copies of all audit reports to the Board of Direc-
tors of The Lutheran Church—Missouri Synod for information, advice,
and counsel.

(f) It shall settle disputes which arise in enrollment in the plans and
the payment of claims and benefits.

6.1.4 Being a recognized auxiliary of the Synod offers the following
privileges:

(a) Eligibility of ordained and commissioned ministers of the Synod
serving such organizations to remain on the membership rosters of the
Synod as “active members,” if otherwise eligible.

(b) Eligibility for obtaining church extension loans from the
Lutheran Church Extension Fund—Missouri Synod (LCEF), unless the
policies of LCEF preclude such organization as an eligible borrower.

(c) Eligibility to be an “employer” under the varieus-Werker-Bene-
#-Blans Concordia Plans of the Synod unless the policies of such a plan
preclude such organization as an eligible employer.

Commission on Structure

4-02

To Amend Bylaw 3.7.1.2 re Membership
of Concordia Plans Services Board of Directors

WuerEAs, The Board of Directors of Concordia Plan Services
and the Board of Managers of Worker Benefit Plans consist of the
same appointed board members, currently ten voting members (two
parish pastors, one teacher, and seven laypersons) and one non-vot-
ing member. At present, at least three of the laypersons must be ex-
perienced in the design of employee benefit plans and the remain-
ing in the management of benefit plan investments; and

WHEREAS, With the growth of the Concordia Plans over the
past decade ($3 billion in assets, nearly $400 million annual bene-